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Fri 17 Oct 2008, 13:15 RCHNIE - Nedbank Limited - Adjustment to the Terms and Conditions of Nedbank`s,
JSE   RCHNIE
NEDB                                                                            
RCHNIE - Nedbank Limited - Adjustment to the Terms and Conditions of Nedbank`s, 
Richemont Securities Share Instalment                                           
Nedbank Limited                                                                 
Share Code: RCHNIE                                                              
ISIN Code: ZAE000117677                                                         
Adjustment to the Terms and Conditions of Nedbank`s, Richemont Securities Share 
Instalment                                                                      
The RCH de-twinning                                                             
With reference to the recent announcement RICHEMONT SECURITIES has announced    
that they will be de-twinning. In terms of which depository receipt holders will
receive 1 REINET INVESTMENTS SCA (REI) depository receipt and 1 COMPAGNIE FIN   
RICHMONT (CFR) depository receipt for each 1 RICHEMONT SECURITIES AG depository 
receipt.                                                                        
Details Of The Event:                                                           
Last day to trade in order to be eligible for the de-twinning is Monday, 20     
October 2008.                                                                   
The first dealing date will be Tuesday, 21 October 2008.                        
Holders Of The RCHNIE Share Instalment Will Be Affected In The Following Way:   
For every 1 RCHNIE share instalment, holders will receive 1 CFRNIA and 1 REINIA 
share instalment.                                                               
The terms of CFRNIA and 1 REINIA will be determined on Tuesday, 21 October 2008.
CFRNIA and 1 REINIA will begin trading on Wednesday, 22 October 2008.           
Date: 17/10/2008 13:15:02 Produced by the JSE SENS Department.                  
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