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Wed 4 Jul 2007, 17:49 NEDB - Nedbank Limited - Adjustment to the terms &
JSE   PPCNIC
 NEDB                                                                            
NEDB - Nedbank Limited - Adjustment to the terms & conditions of the Nedbank    
PPCNIC Instalment                                                               
Nedbank Limited                                                                 
Reg No 1951/000009/06                                                           
As a result of the 10 for 1 share split of Pretoria Portland Cement LTD, the    
below adjustments have been made to ensure the financial position of the Share  
Instalment holders is unprejudiced by this event.                               
Issue      Old Strike  New      Expiry Date   ISIN Code     Old     New        
 Code       Price       Strike                               Ratio   Ratio      
                        Price                                                   
 PPCNIC     R186.20     R18.62   13/11/2007    ZAE000087813  1       1          
Last day to trade in order to be eligible for the share split is Friday, 6 July 
2007. The first dealing date in the new securities will be Monday, 9 July 2007  
and payment date will be Monday, 16 July 2007.                                  
The Instalment is exercisable only in accordance with the terms & conditions as 
set out in the relevant offering circular.                                      
The JSE Limited ("the JSE") Issuer Services Division has approved the           
adjustment of the above-mentioned instalments.                                  
For more information contact Nedbank Equity Derivatives on (011) 535 4030.      
135 Rivonia Road, Sandton                                                       
4 July 2007                                                                     
Sponsor Nedbank Capital                                                         
Date: 04/07/2007 17:49:00 Produced by the JSE SENS Department.
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