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Thu 29 Nov 2007, 15:06 BAWNID - Nedbank Limited - Adjustment To The Terms
JSE   BAWNID
 NEDB                                                                            
BAWNID - Nedbank Limited - Adjustment To The Terms And Conditions of the Nedbank
    Ltd Barloworld Limited Share Instalment Warrants                            
Adjustment To The Terms And Conditions of the Nedbank Ltd Barloworld Limited    
Share Instalment Warrants                                                       
BAWNID ZAE000105474                                                             
Barloworld Limited has recently declared a spin-off event. For every Barloworld 
share held, shareholders will receive 1 Freeworld Coatings Limited share.       
The Last day to trade in the shares to be eligible for the cash amount is       
Friday, 30 November 2007.                                                       
Holders of BAWNID will be affected in the following manner:                     
For every BAWNID share instalment warrant held, holders will receive a cash     
payment equivalent to 1 Freeworld Coatings limited share. This will be          
calculated on the closing price of Freeworld Coatings Limited on Monday, 3      
December 2007.                                                                  
The last day to trade in order to be eligible for the cash payment is Friday, 30
November 2007, and the cash payment will be made to holders on the Monday, 10   
December 2007.                                                                  
29 November 2007                                                                
Sponsor Nedbank Capital                                                         
Date: 29/11/2007 15:06:45 Produced by the JSE SENS Department.                  
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