RNS Number:7944R
Old Mutual South Africa Trust PLC
06 November 2003

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

As at close of business on 31 October 2003, the unaudited net asset value per
share

of the Company was as follows:



Net asset value per ordinary 10p share: 89.08 pence
The ten largest holdings as at 31 October 2003 were:
Rank        Company                                                           Market value of holding

                                                                                                #'000
     1      Anglo American Corporation USD0.50                                                  6,913
     2      BHP Billiton Plc USD0.50                                                            5,083
     3      Gold Fields ZAR0.50                                                                 2,616
     4      Impala Platinum Mines ZAR0.20                                                       2,513
     5      Standard Bank Group ZAR10                                                           2,471
     6      Sasol ZAR NPV                                                                       2,132
     7      Old Mutual                                                                          1,975
     8      Remgro ZAR0.01                                                                      1,859
     9      Richemont Securities                                                                1,695
    10      United Service Technologies ZAR NPV                                                 1,597
                                                                                       --------------

                                                                                               28,854

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



6 NOVEMBER 2003


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

NAVUUGWUGUPWGMQ