LONDON, April 29, 2002 (PRIMEZONE) -- Nedcor Ltd ("Nedcor") (NED SJ), the South African banking group, in which Old Mutual plc ("Old Mutual") (LSE:OML) has a 53% holding, has today announced that it has fulfilled the first of the conditions precedent which are part of the terms of the recommended offer to acquire BoE Limited for R7.3 billion.
The full text of the Nedcor announcement is available on SENS, the JSE Securities Exchange News Service, on Old Mutual's website, www.oldmutual.com, or click the following link: http://reports.huginonline.com/857409/102775.doc