Net Asset Value(s)

RNS Number:5899Q
Old Mutual South Africa Trust PLC
06 October 2003

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

As at close of business on 30 September 2003, the unaudited net asset value per
share

of the Company was as follows:



Net asset value per ordinary 10p share: 82.48 pence
The ten largest holdings as at 30 September 2003 were:
Rank        Company                                                           Market value of holding

                                                                                                #'000
     1      Anglo American Corporation USD0.50                                                  6,183
     2      BHP Billiton Plc USD0.50                                                            4,326
     3      Gold Fields ZAR0.50                                                                 2,680
     4      Standard Bank Group ZAR10                                                           2,402
     5      Impala Platinum Mines ZAR0.20                                                       2,334
     6      Sasol ZAR NPV                                                                       1,995
     7      20Remgro ZAR0.01                                                                    1,739
     8      United Service Technologies ZAR NPV                                                 1,548
     9      Richemont Securities 1/100 Ser 'A' Units SADR ZAR                                   1,526
    10      Sabmiller PLC USD0.10                                                               1,461
                                                                                       --------------

                                                                                               26,194

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



6 October 2003


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