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Mon 10 Nov 2003, 9:46 ISSUE OF PROTECTED SHARE INVESTMENT
NEDBANK LIMITED - ISSUE OF PROTECTED SHARE INVESTMENT                           
Underlying   Issue   Strike   Capped     Ratio     Style       Exercise    JSE  
Instrument   Size    Price    Level                           Date        Codes 
ANGLO        10000   R 148.20 R 210.53  Variable   European    10-Nov-06   AGLNP
AMERICAN PLC                                      Call                          
IMPALA       10000   R 630.00 R 950.25  Variable   European    10-Nov-06   IMPNP
PLATINUM                                          Call                          
HOLDINGS                                                                        
INVESTEC PLC 10000   R 113.99 R 162.15  Variable   European    10-Nov-06   INPNP
                                                 Call                           
SAB Miller   10000   R 62.25  R 87.60   Variable   European    10-Nov-06   SABNP
Call                           
SASOL Ltd    10000   R 94.02  R 135.00  Variable   European    10-Nov-06   SOLNP
                                                 Call                           
ANGLO        10000   R 303.00 R 442.50  Variable   European    10-Nov-06   AMSNP
AMERICAN                                          Call                          
PLATINUM                                                                        
GOLDFIELDS   10000   R 87.60  R 147.77  Variable   European    10-Nov-06   GFINP
LTD                                               Call                          
The Listings Division of The JSE Securities Exchange South Africa  ("JSE") has  
approved the listing of the abovementioned warrants and trading will commence on
10 November 2003                                                                
All members of the JSE may participate in trading which will occur according to 
normal JSE Rules. Settlement will be effected electronically through STRATE.    
Copies of the warrant program and pricing supplement are available at the       
address stated below.                                                           
6th Floor Corporate Place                                                       
135 Rivonia Rd Sandown                                                          
2196                                                                            
For further information contact :                                               
Nedbank Ltd                                                                     
011 535 4024                                                                    
Sponsor                                                                         
Nedbank Corporate Finance Division                                              
(A division of Nedbank Limited)                                                 
Date: 10/11/2003 08:58:22 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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