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Fri 3 Dec 2010, 16:30 FSRNNF - Nedbank Limited - Adjustment to the terms and conditions of Nedbank
JSE   FSRNNFMMI
NEDB                                                                            
FSRNNF - Nedbank Limited - Adjustment to the terms and conditions of Nedbank    
Firstrand Limited share instalment                                              
Nedbank Limited                                                                 
ADJUSTMENT TO THE TERMS AND CONDITIONS OF NEDBANK FIRSTRAND LIMITED SHARE       
INSTALMENT                                                                      
Share Code     :  FSRNNF                                                        
ISIN Code      :  ZAE000150942                                                  
The FSR Unbundling                                                              
With reference to the recent unbundling announcement by Firstrand Limited, the  
shareholders will receive 16.8766 (MMI) MMI Holdings Limited shares for every   
100 Firstrand Limited.                                                          
Details Of The Event:                                                           
*    Last day to trade in order to be eligible for the unbundling is Friday, 3  
    December 2010.                                                              
*    Record date for the unbundling will be Friday, 10 December 2010.           
Holders Of The FSRNNF Share Instalment Will Be Affected In The Following Way:   
-    For every 100 FSRNNF share instalments held, holders will receive 16.8766  
    MMI Holdings Limited shares (ZAE000149902). Please note that holders will   
    receive the actual MMI Holdings Limited shares and not share instalments.   
Standard rounding will apply.                                               
-    Distribution of MMI shares will be Monday, 13 December 2010.               
For more information contact Nedbank Equity Derivatives on (011) 535 4030.      
135 Rivonia Road, Sandton                                                       
3 December 2010                                                                 
Sponsor Nedbank Capital                                                         
Date: 03/12/2010 16:30:01 Produced by the JSE SENS Department.                  
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