Old Mutual plc: Announcement of Trading Update and Analysts Conference Call


LONDON, May 15, 2003 (PRIMEZONE) -- At 7 a.m. tomorrow, May 16, 2003, Old Mutual plc (Other OTC:ODMTF) (LSE:OML) will be providing an update on current trading ahead of the Company's Annual General Meeting, which will take place in the Ballroom at Claridge's, London starting at 11.00 a.m.A conference call for analysts and investors has been arranged at which Julian Roberts, Group Finance Director, will answer questions. The call will start at 8.30 a.m. (UK) 9.30 a.m. (SA) on May 16, 2003.

Analysts and investors who wish to participate in this conference call should dial the following toll-free numbers:

UK: 0500 10 16 30 SA: 0800 99 11 03

International participants from outside the above regions should dial the following number (not toll-free): +44 20 8401 1043

For those not able to participate, a recording of the conference call will be made and a replay facility will be available from mid-morning on 16 May 2003 until 23 May 2003, after which it will be withdrawn. Those wishing to activate the replay facility should dial the following number, and quote the relevant access code:


 UK:          +44 20 8288 4459
 Access code: 295742

Nedcor Limited (NED SJ), the South African banking group in which Old Mutual has a 53% holding, will also issue simultaneously a statement on trading and the outlook for the South African banking business, which will be published on the JSE Securities Exchange News Service (SENS). Both statements will be available on the Old Mutual website www.oldmutual.com.



            

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