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Wed 24 Mar 2004, 17:58 Nedbank Limited - Issue Of Warrants
Nedbank Limited - Issue Of Warrants                                             
  NEDBANK LIMITED                                                                 
  ISSUE OF WARRANTS                                                               
  Underlying      Issue      Strike   Ratio     Style        Exercise Date JSE    
  Instrument      Size       Price                                         Codes  
  Telkom Goup     100000000  R 75.00  25:1      American     2004/10/07    TKGNBA 
                                               Call                               
  Harmony Gold    100000000  R 110.00 50:1      American     2004/10/07    HARNBA 
                                               Call                               
  Implats         100000000  R 600.00 150:1     American     2004/10/07    IMPNBA 
                                               Call                               
  BHP Billiton    100000000  R 65.00  20:1      American     2004/10/07    BILNBA 
                                               Call                               
  Richemont       100000000  R 18.00  7:1       American     2004/10/07    RCHNBA 
                                               Call                               
  Anglo American  100000000  R 175.00 40:1      American     2004/09/09    AGLNBA 
                                               Call                               
  MTN Group       100000000  R 32.50  10:1      American     2004/09/09    MTNNBA 
                                               Call                               
  Sasol           100000000  R 110.00 30:1      American     2004/09/09    SOLNBA 
                                               Call                               
  Amplats         100000000  R 320.00 100:1     American     2004/09/09    AMSNBA 
                                               Call                               
  Goldfields      100000000  R 85.00  40:1      American     2004/10/07    GFINBA 
                                               Call                               
  Old Mutual      100000000  R 12.50  3:1       American     2004/10/07    OMLNBA 
                                               Call                               
  Standard Bank   100000000  R 45.00  10:1      American     2004/10/07    SBKNBA 
                                               Call                               
  The Listings Division of The JSE Securities Exchange South Africa  ("JSE") has  
  approved the listing of the above mentioned Warrants and trading will commence  
  on 25th of March, 2004.                                                         
  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 4030                                                                    
  Sponsor                                                                         
  Nedbank Corporate Finance Division                                              
  (A division of Nedbank Limited)                                                 
  Date: 24/03/2004 05:42:42 PM Produced by the JSE SENS Department                
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