Rights Issue

Old Mutual PLC
17 March 2004

                                 Old Mutual plc

                                 Nedcor Limited
 Results of general meeting and additional information relating to rights issue

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 its
general meeting and additional information relating to the rights issue.

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, 2 Lambeth Hill, London EC4V 4GG.


                                17 March 2004




Enquiries

Old Mutual

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


                      This information is provided by RNS
            The company news service from the London Stock Exchange