RNS Number:0552T
Old Mutual South Africa Trust PLC
09 December 2003


OLD MUTUAL SOUTH AFRICA TRUST PLC ("the Company")



The issuer advises that the following replaces the Monthly Net Asset Value
released on 4 December 2003 at 17:27 under RNS Number 8986S. Due to an
administrative error, the Net Asset Value ("NAV") per ordinary 10p share of the
Company, which was stated as being 93.84 pence, should have read 93.26 pence.


All other details remain the same and the full corrected version is shown below:


As at close of business on 30 November 2003, the Net Asset Value per share was
as follows:



Net Asset Value per ordinary 10p share: 93.26 pence



Ten largest holdings as at 30 November 2003:
Rank        Company                                     Market Value of holdings

                                                                         (#'000)
1      Anglo American Corporation USD0.50                                  7,103
2      BHP Billiton Plc USD0.50                                            4,797
3      Standard Bank Group ZAR10                                           2,893
4      Impala Platinum Mines ZAR0.20                                       2,528
5      Gold Fields ZAR0.50                                                 2,481
6      Sasol ZAR NPV                                                       2,291
7      Remgro ZAR0.01                                                      2,094
8      Old Mutual                                                          2,058
9      Richemont Securities 1/100 SER 'A' Units SADR ZAR                   1,821
10     FirstRand ZAR1                                                      1,821
                                                                 ---------------

                                                                          29,887

                                                                 ---------------



9 DECEMBER 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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