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Tue 11 Oct 2005, 14:30 Old Mutual Plc - South African life subsidiary to
Old Mutual Plc - South African life subsidiary to issue bonds                   
Old Mutual Plc                                                                  
ISIN CODE: GB0007389926                                                         
JSE SHARE CODE: OML                                                             
NSX SHARE CODE: OLM                                                             
ISSUER CODE: OLOML                                                              
South African life subsidiary to issue bonds                                    
Old Mutual Life Assurance Company (South Africa) Limited (OMLACSA), the wholly- 
owned South African life subsidiary of Old Mutual plc, has today announced that 
it expects to issue up to R3 billion of unsecured, subordinated, callable,      
secondary capital bonds during October 2005.                                    
The full text of OMLACSA"s announcement is available on the Old Mutual website  
at www.oldmutual.com.  A hard copy is also available from Corporate Affairs, Old
Mutual plc, 5th Floor, Old Mutual Place, 2 Lambeth Hill, London EC4V 4GG or Old 
Mutual Square, Isibaya Building, 2nd Floor, 93 Grayston Drive, Sandton 2196,    
South Africa.                                                                   
11 October 2005                                                                 
ENQUIRIES:                                                                      
Old Mutual South Africa                                                         
Stephen Bowey       +27 (0) 21 509 3318                                         
For further information about Old Mutual plc visit www.oldmutual.com            
Sponsor                                                                         
Merrill Lynch                                                                   
Date: 11/10/2005 02:30:03 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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