LONDON, June 27, 2002 (PRIMEZONE) -- Further to the cautionary announcement dated May 28, 2002, Old Mutual draws shareholders' attention to the further cautionary announcement issued yesterday by its subsidiary Nedcor Limited ("Nedcor"), the South African banking group, in which it has a 53% holding, in relation to its holding in Nedcor Investment Bank ("NIB").
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, 57 Berkeley Square, London W1J 6ER.