OLD MUTUAL PLC
ISIN CODE: GB0007389926
SHARE CODE: OML
ISSUER CODE: OLOML
Nedcor Limited (NED SJ)
Terms of the Claw-back Offer
Old Mutual draws attention to yesterday`s announcement by its subsidiary
Nedcor Limited ("Nedcor"), the South African banking group, in which it has
a 53% stake, detailing the terms of the Claw-back Offer to Nedcor
shareholders. Old Mutual (South Africa) Limited or any wholly owned
subsidiary will subscribe for shares in Nedcor and Nedcor shareholders will
then have the right to acquire their pro rata portion of the new shares.
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. A paper copy of the full Nedcor announcement is available
from Investor Relations, Old Mutual Plc, 3rd Floor, 57 Berkeley Square,
London W1J 6ER.
27 June 2002
ENQUIRIES:
Old Mutual, London Tel: +44 20 7569 0100
James Poole
College Hill, London Tel: +44 20 7457 2020
Tony Friend
Date: 27/06/2002 07:51:52 AM Produced by the SENS Department
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