Old Mutual: Directors' Share Interests

LONDON, Oct. 21, 2002 (PRIMEZONE) -- Old Mutual (Other OTC:ODMTF) (LSE:OML):

The Company has been informed, by notifications received today, of the following changes to directors' holdings of shares in its subsidiary companies, following implementation today of the buyout by Nedcor Limited of the minority interests not already owned by Nedcor Limited in Nedcor Investment Bank Holdings Limited ("NIBH"):

Name of           Date of         No. of       No. of
director          transaction     NIBH         Nedcor
                                  shares-      Limited
                                  disposed     shares
                                  of           acquired


R C M Laubscher    21.10.02       102          3
M J Levett         21.10.02       250,000      8,333
C F Liebenberg     21.10.02       320,814      10,693