Following the OM plc preliminary results announcement on 27 February 2006,  the Group's Banking subsidiary (Nedbank) identified various adjustments during completion of its local Financial Statements.  These have been corrected for inclusion in Nedbank's own annual report, and the Nedbank Board has issued a SENS announcement outlining the changes.  Full details are set out in the SENS announcement which can be found at  www.nedbankgroup.co.za.

To be consistent with the locally published Nedbank results OM plc adjusted the Financial Statements presented on 27 February 2006.  The key impacts were reallocations between interest income and interest expense, and between provisions and other liabilities.  These adjutsments related to the 2005 and 2004 Financial Statements.  The adjustments did not affect earnings or shareholder equity, and they are not considered to be material to the OM plc Financial Statements as a whole.

Who we are

Old Mutual is an international financial services group focusing on asset gathering and asset management. At 31 December 2005, Old Mutual had more than 7 million life assurance policies, 3.6 million banking customers and over 550,000 general insurance policies and managed funds worth £183 billion.

In 2006 the Group has substantially expanded its international presence through the acquisition of Skandia.

Our vision

To be a world-class financial services group.

Our proposition

The strength of diversity
From our roots in South Africa we have built an international business. With our acquisition of Skandia, we now have the people, scale and geographic diversity to establish our presence on the world stage.

The power of focus
Focus is about clarity. At Old Mutual we are clear about our future. We are growing from leadership positions, we are committed to innovation in our products and services, and we have a sustainable business that promises to deliver value year on year.