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Old Mutual PLC (OMU)


Wednesday 26 June, 2002

Old Mutual PLC

Nedcor/NIB Further Cautionary

Old Mutual PLC
26 June 2002

                                 OLD MUTUAL PLC

            Nedcor Limited (NED SJ)/ Nedcor Investment Bank (NIB SJ)

                        Further cautionary announcement

Further to the cautionary announcement dated 28 May 2002, Old Mutual draws
shareholders' attention to the further cautionary announcement issued today by
its subsidiary Nedcor Limited ('Nedcor'), the South African banking group, in
which it has a 53% holding, in relation to its holding in Nedcor Investment Bank

The full text of the Nedcor announcement is available on SENS, the JSE
Securities Exchange News Service and on Old Mutual's website,
A paper copy of the full Nedcor announcement is available from Investor
Relations, Old Mutual Plc, 3rd Floor, 57 Berkeley Square, London W1J 6ER.

26 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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