RNS Number:1061N
Old Mutual South Africa Trust PLC
02 June 2005


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


TEN LARGEST INVESTMENTS


In accordance with Listing Rule 21.20(l)(ii), the Company announces that at 31
May 2005, the ten largest investments in its portfolio were as follows:

Rank        Company                                                                   % of Gross Assets

     1      ANGLO AMERICAN CORPORATION USD0.50                                                    13.75
     2      BHP BILLITON PLC USD0.50                                                              12.35
     3      STANDARD BANK GROUP ZAR0.1                                                             7.82
     4      FIRSTRAND ZAR1                                                                         6.81
     5      MTN GROUP ZAR0.0001                                                                    6.12
     6      SASOL ZAR NPV ISPAT ISCOR ZAR NPV                                                      5.19
     7      TRUWORTHS INTERNATIONAL LTD ZAR0.00015                                                 4.66
     8      REMGRO ZAR0.01                                                                         4.27
     9      MASSMART HOLDINGS ZAR0.01                                                              4.01
    10      NASPERS 'N' SHARES ZAR0.02                                                             3.70

2 JUNE 2005


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

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