Old Mutual plc: Nedcor (NED.J) Issues Statement on Dimension Data (DDL.L)


LONDON, August 2, 2001 (PRIMEZONE) -- Old Mutual plc (OML.L) (LSE:OML) draws shareholders' attention to the following statement issued today to the JSE Securities Exchange, South Africa, by Nedcor Ltd., the South African banking group, in which Old Mutual plc has a 53.4% holding.

"Further to the cautionary announcement of June 22, 2001, shareholders are advised that, given the recent volatility in the share price of Dimension Data Holdings Plc ("Dimension Data"), Nedcor has determined that it would be advisable to retain maximum flexibility in relation to its shareholding in Dimension Data. Any course of action relating to the investment in Dimension Data, embarked on in the future, will be with due regard to the interest of Nedcor shareholders and the value of the investment in Dimension Data. Accordingly, shareholders are no longer advised to exercise caution when dealing in their Nedcor shares."



            

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