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Fri 25 Apr 2003, 15:35 Old Mutual Plc $650m 3.625% Guaranteed Convertible
OLD MUTUAL PLC                                                                  
ISIN CODE: GB0007389926                                                         
JSE SHARE CODE: OML                                                             
NSX SHARE CODE: OLM                                                             
ISSUER CODE: OLOML                                                              
$650m 3.625% Guaranteed Convertible Bond                                        
Early Redemption at the Option of the Bondholder                                
Notice has been received that holders of USD 13.7 million of Old Mutual"s USD   
650 million 3.625% Guaranteed Convertible Bond, which represents 2.11% of the   
total bonds outstanding, have exercised their option to put the Bonds back to   
the issuer on 2 May 2003.  These bonds will be immediately cancelled.  As of    
that date, total nominal amount of the outstanding bonds will be $636,286,000,  
which will mature in May 2005.                                                  
25 April 2003                                                                   
Enquiries:                                                                      
James Poole, Director Corporate Affairs: +(44) 20 7569 0100                     
Julie Saxton, Communications Manager: +(44) 20 7569 0133                        

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