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    Nedcor Empowerment Transaction 
[NOTE: THIS IS AN EXTRACT FROM THE FULL OLD MUTUAL PLC ANNOUNCEMENT]
   
    Eyethu Community Trust (0.36%)
     
   

0.36% of Nedcor's enlarged issued share capital (which equates to 0.45% of Nedcor’s South African businesses) will be set aside through the “zero-finance” mechanism (referred to here) for a Community Trust to be run in conjunction with the Nedcor Foundation. The Eyethu Community Trust’s aim is to supplement existing community social initiatives on a co-ordinated and consistent basis. The initial focus of the Eyethu Community Trust will be the training of SME entrepreneurs in basic business and financial skills. The trust will be funded partly on a grant basis (25%) with the remaining funding to be on the basis detailed in Mechanics / funding to implement the Nedcor Transaction.