Nedcor Trading Update & AGM

Old Mutual PLC
05 May 2005


                                 Nedcor Limited
                       Trading Update and Results of AGM

Old Mutual plc ('Old Mutual') draws attention to today's trading update by its
South African banking subsidiary, Nedcor Limited ('Nedcor'). Nedcor has also
announced the results of its annual general meeting held yesterday.

The full text of Nedcor's announcements are available on the Old Mutual website
at www.oldmutual.com or on the JSE Securities Exchange News Service (SENS). Hard
copies are also available from Corporate Affairs, Old Mutual plc, 5th Floor, Old
Mutual Place, 2 Lambeth Hill, London EC4V 4GG or Old Mutual Square, Isibaya
Building, 2nd Floor, 93 Grayston Drive, Sandton 2196, South Africa.

Old Mutual will be providing an update on current trading activities in respect
of the whole Old Mutual Group at 7.00 a.m. (UK time), 8.00 a.m. (SA time), on 11
May 2005, ahead of its Annual General Meeting that morning.

                                                                      5 May 2005


ENQUIRIES:

Old Mutual plc UK
Miranda Bellord    [phone]

Old Mutual plc SA
Nad Pillay         [phone]


For further information about Old Mutual plc visit www.oldmutual.com



                      This information is provided by RNS
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