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Thu 6 Feb 2003, 16:38 Reallocation of preference shares
NEDCOR LIMITED (Registration number 1966/010630/06) Share Code:  NED ISIN:      
ZAE000004875                                                                    
NEDBANK LIMITED (Registration number 1951/000009/06) Share Code: NBKP ISIN:     
ZAE000043667                                                                    
The following information is disclosed in respect of the non-redeemable, non-   
cumulative preference shares of R0,001 each issued by Nedbank Limited:          
Mr RG Cottrell, a director of both Nedbank Limited and Nedcor Limited, has      
transferred 10 000 (ten thousand) non-redeemable, non-cumulative preference     
shares in Nedbank Limited from being held by him in an indirect beneficial      
capacity to an indirect non-beneficial capacity, with effect from 5 February    
2003.                                                                           
Contact:                                                                        
Nedcor Investor Relations                                                       
Ewald ller                                                                    
+ 27 11 294 9027                                                                
+ 27 83 255 9595                                                                
ewaldm@nedcor.com                                                               
Date: 06/02/2003 04:30:00 PM Produced by the JSE SENS Department                

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