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JSE
 NEDB                                                                            
    BAWNIC - Nedbank - Adjustment to the terms & conditions of the Nedbank      
                       BAWNIC Instalment                                        
                                                                                
Adjustment To The Terms & Conditions Of the Nedbank BAWNIC Instalment       
    With reference to the SENS announcement released this morning, please note  
    that no strike adjustments will be made to the BAW share instalment         
    (ZA000085593).                                                              
We hereby reserve the right to make any adjustments to ensure that neither  
    party is prejudiced by the corporate action.                                
    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                                                   
                                                                                
6 July 2007                                                                 
    Sponsor Nedbank Capital                                                     
    Regards                                                                     
                                                                                
Yolanda                                                                     
    Equity Derivatives                                                          
    Nedbank Capital Equity Capital Markets                                      
    Tel: 27-11-535-4024 / 27-11-294-4575                                        
Date: 06/07/2007 17:30:02 Produced by the JSE SENS Department.

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