RNS Number:6220T
Old Mutual South Africa Trust PLC
23 December 2003

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

 As at close of business on 19 December 2003, the unaudited net asset value per
share

of the Company was as follows:



Net asset value per ordinary 10p share: 89.57 pence



23 DECEMBER 2003







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