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OLD MUTUAL PLC - NEDCOR RAISES CAPITAL                                          
  OLD MUTUAL PLC                                                                  
  ISIN CODE: GB0007389926                                                         
  JSE SHARE CODE: OML                                                             
  NSX SHARE CODE: OLM                                                             
  ISSUER CODE: OLOML                                                              
  NEDCOR RAISES CAPITAL                                                           
  Old Mutual draws attention to today"s announcement by Nedcor Limited ("Nedcor"),
  the South African banking group in which it has a 53% stake, regarding capital  
  raising activities of Nedcor"s subsidiary, Nedbank Limited.                     
  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, Lansdowne House, 57 Berkeley Square,      
  London W1J 6ER.                                                                 
  25 September 2003                                                               
  ENQUIRIES:                                                                      
  Old Mutual, London                                                              
  Tel: +44 20 7569 0100                                                           
  Miranda Bellord                                                                 
  Date: 25/09/2003 12:01:01 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 

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