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NEDCOR LIMITED - DIRECTOR DEALING IN SHARES                                     
NEDCOR LIMITED                                                                  
In accordance with the requirements of paragraph 3.72 to 3.75 of the JSE        
Listings Requirements, the following information is disclosed:                  
Name of Director                   :    Maduke Lot Ndlovu                       
Date of transaction                :    15 May 2002                             
Nature of trade                    :    Options exercised and sold              
Class of securities                :    Ordinary shares of R1.00 each           
Number of shares and selling price :    1530 - R136.50                          
                                        6910 - R136.80                          
                                        46560 - R137.00                         
5800 - R137.01                          
                                        2500 - R137.25                          
Market intermediary                :    NIB Securities                          
Nature of interest                 :    Beneficial                              
Date: 16/05/2002 04:39:06 PM Produced by the SENS Department                    

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