RNS Number:1924N
Old Mutual South Africa Trust PLC
04 December 2006

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

TEN LARGEST INVESTMENTS

In accordance with Listing Rule 15.4.11R(2), the Company announces that at 30
November 2006, the ten largest investments in its portfolio were as follows:


Rank       Company                                             % of Gross Assets
    1      BHP BILLITON PLC USD0.50                                        12.80
    2      ANGLO AMERICAN CORPORATION USD0.50                               9.96
    3      STANDARD BANK GROUP ZAR0.1                                       8.22
    4      SASOL ZAR NPV                                                    7.78
    5      MTN GROUP ZAR0.0001                                              7.77
    6      FIRSTRAND ZAR0.01                                                6.26
    7      REMGRO ZAR0.01                                                   5.62
    8      IMPALA PLATINUM ZAR0.025 (POST SUBDIV)                           5.11
    9      IMPERIAL HOLDINGS ZAR0.04                                        4.89
    10     GOLD FIELDS ZAR0.50                                              3.79


BNP Paribas Secretarial Services Limited

Secretary


4 DECEMBER 2006


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

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