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Thu 16 Jan 2003, 8:46 Old Mutual Plc - Directors` Share Interest
OLD MUTUAL PLC                                                                  
ISIN CODE: GB0007389926                                                         
SHARE CODE: OML                                                                 
ISSUER CODE: OLOML                                                              
Director`s interests in preference shares in a subsidiary of Old Mutual plc (the
"Company")                                                                      
The Company has been informed, by a communication received today, that Mr C F   
Liebenberg, a non-executive director of the Company, has subscribed for 135,000 
non-redeemable, non-cumulative preference shares of ZAR0.001 each in Nedbank    
Limited at a price of ZAR10 per share. The shares were allotted on 24 December  
2002.  Nedbank Limited is a wholly owned subsidiary of Nedcor Limited which in  
turn is a 53.2% subsidiary of Old Mutual plc.  The preference shares subscribed 
represent Mr Liebenberg`s entire current interest in preference shares of       
Nedbank Limited.                                                                
15 January 2003                                                                 
ENQUIRIES:                                                                      
Old Mutual plc                             +44 20 7569 0100                     
M C Murray, Group Company Secretary                                             
Date: 16/01/2003 07:56:02 AM Produced by the JSE SENS Department
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