RNS Number:1226U
Old Mutual South Africa Trust PLC
12 January 2004


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


The Company has today been notified that as from 6 January 2004 Lazard

Asset Management LLC, Lazard Freres & Co. LLC and Lazard LLC have

ceased to be interested in 1,200 000 ordinary 10p shares in the Company.


Lazard Asset Management LLC, Lazard Freres & Co. LLC and Lazard LLC

continue to have an interest in 8,321,836 ordinary 10p shares in the Company,

representing 15.90% of the issued class of capital. The shares are held in

portfolios managed by Lazard Asset Management LLC on a discretionary basis for 

clients under investment management agreements on behalf of the following:



World Trust Fund;

Howard Hughes Medical Institute;

ITT Lazard Emerging Growth Fund;

Scripps College;

LGA Emerging World Fund;

Emerging World Investments Limited Partnership; and

Public Employees Ret. System of Ohio.


12 JANUARY 2004


                                    - ENDS -


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