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Tue 4 May 2004, 15:47 Results of Annual General Meeting
Mutual & Federal - Results of 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")                                                            
  Results of Annual General Meeting                                               
  Shareholders are advised that, at the annual general meeting of Mutual & Federal
  held in Johannesburg today, all the resolutions were passed by the requisite    
  majority of shareholders present and represented by proxy at the annual general 
  meeting.                                                                        
  The special resolution will be submitted for registration at the Registrar of   
  Companies in due course.                                                        
  Johannesburg                                                                    
  4 May 2004                                                                      
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 04/05/2004 03:26:05 PM Produced by the JSE SENS Department                
                                                                                  
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