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Thu 1 Apr 2004, 17:02 Posting of annual financial statements for Mutual
Mutual & Federal - Posting of annual financial statements for Mutual & Federal  
  and annual general meeting                                                      
  Mutual & Federal Insurance Company Limited                                      
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1970/006619/06)                                            
  JSE share code: MAF     NSX share code: MTF                                     
  ISIN: ZAE000010823                                                              
  ("Mutual & Federal" or "the company")                                           
  Posting of annual financial statements for Mutual & Federal and annual general  
  meeting                                                                         
  In compliance with section 3.22 of the JSE Listings Requirements, shareholders  
  are advised as follows:                                                         
  Annual report                                                                   
  Following on the publication on 11 February 2004 of the Mutual & Federal        
  reviewed results for the year ended 31 December 2003 the annual report has been 
  dispatched on 31 March 2004. The annual report contains no modifications to the 
  aforementioned published results.                                               
  Annual general meeting                                                          
  The annual general meeting of the members of Mutual & Federal will be held at   
  10:00 on Tuesday, 4 May 2004 at the registered office, 4th Floor, Mutual &      
  Federal Centre, 75 President Street, Johannesburg, to transact the business as  
  stated in the notice of the annual general meeting forming part of the annual   
  financial statements.                                                           
  Johannesburg                                                                    
  1 April 2004                                                                    
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 01/04/2004 04:33:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
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