Nedcor Claw-back Offer

Old Mutual PLC
19 June 2002


                                 OLD MUTUAL PLC


                            Nedcor Limited (NED SJ)
             Last day to trade and record date of a Claw-back Offer


Old Mutual draws attention to today's announcement by its subsidiary Nedcor
Limited ('Nedcor'), the South African banking group, in which it has a 53%
stake, detailing the last day to trade and record date of a Claw-back Offer with
respect to the BoE Limited transaction.


The full text of the Nedcor announcement is available on SENS, the JSE
Securities Exchange News Service and on Old Mutual's website, www.oldmutual.com.

19 June 2002


ENQUIRIES:


Old Mutual, London                                   Tel: [phone]
James Poole


College Hill, London                                 Tel: [phone]
Tony Friend


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