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Old Mutual PLC (OMU)


Monday 24 June, 2002

Old Mutual PLC

Nedcor - BoE Update

Old Mutual PLC
24 June 2002

                                 OLD MUTUAL PLC

                  Nedcor Limited (NED SJ)/BoE Limited (BOE SJ)

             Results of BoE Limited scheme of arrangement meetings

Old Mutual draws attention to the joint announcements by its subsidiary Nedcor
Limited ('Nedcor'), the South African banking group, in which it has a 53%
holding and BoE Limited ('BoE'), made today, detailing the approval of the
schemes of arrangement proposed by Nedcor between BoE and its shareholders and
between BoE and the holders of its convertible debentures.

The full texts of the Nedcor/BoE announcements are available on SENS, the JSE
Securities Exchange News Service and on Old Mutual's website,

                                                                    24 June 2002


Old Mutual, London                                   Tel: +44 20 7569 0100
James Poole

College Hill, London                                 Tel: +44 20 7457 2020
Tony Friend

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

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