Old Mutual PLC
ISIN CODE: GB0007389926
SHARE CODE: OML
ISSUER CODE: OLOML
Nedcor Limited (NED SJ)
Terms of the recommended offer by Nedcor to acquire BoE
Nedcor Ltd ("Nedcor"), the South African banking group, in which Old Mutual
plc ("Old Mutual") has a 53% holding, has today announced that it has
fulfilled the first of the conditions precedent which are part of the terms
of the recommended offer to acquire BoE Limited for R7.3 billion.
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.
29 April 2002
ENQUIRIES:
Old Mutual, London Tel: + 44 20 7569 0100
James Poole
College Hill, London Tel: + 44 20 7457 2020
Tony Friend
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