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NEDCOR LIMITED/ NEDBANK LIMITED - PURCHASE OF PREFERENCE SHARES IN NEDBANK      
LIMITED BY DIRECTORS                                                            
NEDCOR LIMITED                                                                  
(Registration number 1966/010630/06)                                            
Share Code: NED ISIN: ZAE000004875                                              
NEDBANK LIMITED                                                                 
(Registration number 1951/000009/06)                                            
Share Code: NBKP ISIN: ZAE000043667                                             
PURCHASE OF PREFERENCE SHARES IN NEDBANK LIMITED BY DIRECTORS                   
The following information is disclosed in respect of non-redeemable, non-       
cumulative preference shares of R0.001 each purchased by directors on 19        
November 2003 in Nedbank Limited"s public offer for subscription at R10,68 per  
share:                                                                          
Name of director:    Number of Shares   (nature of holding)                     
RG Cottrell          10 000             (indirect non-beneficial)               
BE Davison           18 700             (indirect beneficial)                   
CML Savage           70 200             (indirect beneficial)                   
Contact:  Nedcor Investor Relations                                             
                Ewald Muller                                                    
+ 27 11 294 9027                                                
                +27 83 255 9595                                                 
                ewaldm@nedcor.com                                               
Date: 20/11/2003 03:06:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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