Results of Nedcor Ltd AGM

Old Mutual PLC
07 May 2004




                                 Old Mutual plc

                                 Nedcor Limited

                       Results of annual general meeting


Nedcor Ltd ('Nedcor'), the South African banking group in which Old Mutual plc
('Old Mutual') has a 52 per cent. holding, has today announced the results of,
and matters that were reported at, its annual general meeting, which was held
yesterday.


The full text of Nedcor's announcement is available on the JSE Securities
Exchange News Service (SENS) and can also be accessed on Old Mutual's website
www.oldmutual.com.  A paper copy of the full Nedcor announcement is available
from Investor Relations, Old Mutual plc, Old Mutual Place, 2 Lambeth Hill,
London EC4V 4GG.


7 May 2004


Enquiries:

Old Mutual

UK:  Miranda Bellord      [phone]
SA:   Nad Pillay          [phone]




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