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OLD MUTUAL PLC                                                                  
ISIN CODE: GB0007389926                                                         
SHARE CODE: OML                                                                 
ISSUER CODE: OLOML                                                              
OMS sale completed                                                              
Further to the announcement made on 11 November 2002, Old Mutual plc ("Old      
Mutual") is pleased to announce the completion of the sale of Old Mutual        
Securities Limited ("OMS") to Secure Trust Banking Group plc ("Secure Trust").  
As of today`s date, all conditions relating to the successful completion of the 
sale of OMS have been fulfilled or waived.                                      
15 January 2003                                                                 
ENQUIRIES:                                                                      
Old Mutual, London               Tel: +44 20 7569 0121                          
James Poole                                                                     
Old Mutual Financial Services    Tel: +44 20 7002 4000                          
UK                                                                              
Edmond Warner, Chief Executive                                                  
College Hill, London             Tel: +44 20 7457 2020                          
Tony Friend                                                                     
College Hill, South Africa       Tel: +27 11 447 3030                           
Nicholas Williams                                                               
Date: 15/01/2003 09:00:00 AM Produced by the JSE SENS Department                

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