OMLACSA to issue bonds

Old Mutual PLC
11 October 2005

                                Old Mutual plc

                  South African life subsidiary to issue bonds


Old Mutual Life Assurance Company (South Africa) Limited (OMLACSA), the
wholly-owned South African life subsidiary of Old Mutual plc, has today
announced that it expects to issue up to R3 billion of unsecured, subordinated,
callable, secondary capital bonds during October 2005.

The full text of OMLACSA's announcement is available on the Old Mutual website
at www.oldmutual.com. A hard copy is 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.

                                                                11 October 2005


ENQUIRIES:

Old Mutual South Africa
Stephen Bowey [phone]


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


                      This information is provided by RNS
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