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Fri 14 Dec 2007, 9:00 MAF - Mutual & Federal Insurance Company - Further Cautionary Announcement
MAF
 MAF                                                                             
MAF - Mutual & Federal Insurance Company - Further Cautionary Announcement      
Mutual & Federal Insurance Company Limited                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1970/006619/06)                                           
Share code JSE:   MAF & ISIN: ZAE000010823                                      
Share code NSX:   MTF                                                           
("Mutual & Federal" or "the Company")                                           
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement released on SENS on 8 November 2007 and  
in the press on 9 November 2007, shareholders are advised that discussions      
between Old Mutual plc ("Old Mutual") and Royal Bafokeng Holdings (Proprietary) 
Limited ("RBH") relating to the potential sale by Old Mutual to RBH of a        
controlling interest in Mutual & Federal, are continuing. Further details are   
expected to be announced early in 2008. Accordingly, shareholders are advised to
continue exercising caution when dealing in the Company`s securities until a    
full announcement is made.                                                      
Johannesburg                                                                    
14 December 2007                                                                
Co-sponsors                                                                     
Merrill Lynch South Africa (Proprietary) Limited                                
Nedbank Capital                                                                 
Merchant bank and transactional sponsor                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 14/12/2007 09:00:01 Produced by the JSE SENS Department.                  
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