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Wed 15 Jan 2003, 17:59 Nedbank Limited - Issue Of Preference Shares In Ne
NEDCOR LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1966/010630/06)                                            
Share Code: NED ISIN: ZAE000004875                                              
NEDBANK LIMITED (Incorporated in the Republic of South Africa)                  
(Registration number 1951/000009/06)                                            
Share Code: NBKP ISIN: ZAE000043667                                             
ISSUE OF PREFERENCE SHARES IN NEDBANK LIMITED TO DIRECTORS                      
The following information is disclosed in respect of non-redeemable, non-       
cumulative preference shares of R0.001 each issued to directors on 24 December  
2002 in Nedbank Limited`s offer for subscription at R10 per share:              
Name of director:   Number of Shares     (nature of holding)                    
CF Liebenberg            135 000         (indirect beneficial)                  
MM Katz                  475 000         (direct beneficial)                    
105 000         (indirect non-beneficial)              
CJW Ball                 135 000         (indirect beneficial)                  
TA Boardman               85 000         (indirect non beneficial)              
RG Cottrell               10 000         (indirect beneficial)                  
10 000         (indirect non-beneficial)              
N Dennis                  47 500         (direct beneficial)                    
ME Mkwanazi               10 000         (indirect beneficial)                  
SG Morris                 10 000         (direct beneficial)                    
AA Routledge             264 752         (direct beneficial)                    
                         264 752         (indirect non-beneficial)              
CML Savage               142 500         (indirect beneficial)                  
Contact:  Nedcor Investor Relations                                             
Ewald Muller                                                          
          + 27 11 294 9027                                                      
          +27 83 255 9595                                                       
          ewaldm@nedcor.com                                                     
Date: 15/01/2003 05:45:00 PM Produced by the JSE SENS Department                


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