Nedbank Trading Update

Old Mutual PLC
04 May 2006

                                 Old Mutual plc
                             
                      Nedbank Group Limited - Trading Update

Old Mutual plc ('Old Mutual') draws attention to today's trading update by its
South African banking subsidiary, Nedbank Group Limited ('Nedbank').

The full text of Nedbank's announcement is 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. (CET/SA time),
on 10 May 2006, ahead of its Annual General Meeting that morning.


                                                                      4 May 2006



ENQUIRIES:

Old Mutual plc
Malcolm Bell - Investor Relations (UK)         + 44 (0) 20 7002 7166
Miranda Bellord - Media Relations (UK)         + 44 (0) 20 7002 7133
Deward Serfontein - Investor Relations (SA)    + 27 (0) 21 509 8709
Nad Pillay - Media Relations (SA)              + 27 (0) 21 504 8026

College Hill
Tony Friend                                    + 44 (0) 20 7457 2020
Gareth David                                   + 44 (0) 20 7457 2020



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





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