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Wed 21 Nov 2007, 17:47 FSRNNA / FSRNID - Nedbank - Adjustment to the term
JSE   FSRNIDFSRNNA
 NEDB                                                                            
FSRNNA / FSRNID - Nedbank - Adjustment to the terms and conditions of the       
Nedbank ltd Firstrand share instalment warrants                                 
Adjustment To The Terms And Conditions Of The Nedbank Ltd Firstrand Share       
Instalment Warrants                                                             
Nedbank                                                                         
FSRNID ZAE000094090                                                             
FSRNNA ZAE000105284                                                             
With reference to the SENS announcement released on Monday, 29 October 2007. The
Share Instalment trust will pay an amount of R1.56 per FSRNID and FSRNNA share  
instalment.                                                                     
The payment is calculated as follows:                                           
For every 100 FRSNID or FSRNNA holders will receive 5.61343 Discovery Holdings  
Limited shares. The cash payment will be based on the closing price of Discovery
Holdings Limited on the Monday, 19 November 2007, R27.81, calculation as        
follows:                                                                        
5.61343 x R27.81 = R156.11 for every 100 FSRNID or FSRNNA or R1.56 for each     
FSRNID or FSRNNA share instalment held (R156.11/100)                            
The payment date will be on Monday, 26 November 2007.                           
For more information contact Nedbank Equity Derivatives on (011) 535 4030.      
135 Rivonia Road, Sandton                                                       
Sponsor Nedbank Capital                                                         
Date: 21/11/2007 17:47:01 Produced by the JSE SENS Department.                  
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