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Wed 21 Apr 2004, 16:34 Dealings In Securities By Directors
Nedcor Limited - Dealings In Securities By Directors                            
  Nedcor Limited                                                                  
  (Incorporated in the Republic of South Africa)                                  
  Registration number: 1966/010630/06                                             
  Share Code: NED                                                                 
  ISIN Code: ZAE000004875                                                         
  ("Nedcor")                                                                      
  DEALINGS IN SECURITIES BY DIRECTORS                                             
  In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
  Securities Exchange South Africa, the following information is disclosed:       
  Name of director             : Mr Barry John Stuart Hore                        
  Director of                  : Nedcor                                           
  Date of transaction          : 20 April 2004                                    
  Number of options exercised  : 1 900                                            
  Option strike price          : R26,50 per share                                 
  Value of transaction         : R50 350                                          
  Nature of interest           : Direct Beneficial                                
  Class of security            : Options on Nedcor Ordinary Shares                
  Nature of transaction        : Exercise of Share Options                        
  Name of director             : Mr Barry John Stuart Hore                        
  Director of                  : Nedcor                                           
  Date of transaction          : 20 April 2004                                    
  Number of nil-paid letters                                                      
  of allocation                : 41 013                                           
  Sale price                   : R13,57 per nil-paid letter of                    
                                 allocation                                       
  Value of transaction         : R556 546,41                                      
  Nature of interest           : Indirect Beneficial                              
  Class of security            : Nedcor nil-paid letters of                       
                                 allocation                                       
  Nature of transaction        : Sale of nil-paid letters of                      
  allocation                                       
  Name of director             : Mr Derek Geoffrey Muller                         
  Director of                  : Nedcor                                           
  Date of transaction          : 20 April 2004                                    
  Number of nil-paid letters                                                      
  of allocation                : 8 860                                            
  Sale price                   : R14,01 per nil-paid letter of                    
                                 allocation                                       
  Value of transaction         : R124 128,60                                      
  Nature of interest           : Indirect beneficial                              
  Class of security            : Nedcor nil-paid letters of                       
                                 allocation                                       
  Nature of transaction        : Sale of nil-paid letters of                      
                                 allocation                                       
  Name of director             : Mr Derek Geoffrey Muller                         
  Director of                  : Nedcor                                           
  Date of transaction          : 20 April 2004                                    
  Number of nil-paid letters                                                      
  of allocation                : 49 062                                           
  Sale price                   : R13,57 per nil-paid letters of                   
  allocation                                       
  Value of transaction         : R665 771,34                                      
  Nature of interest           : Direct beneficial                                
  Class of security            : Nedcor nil-paid letters of                       
  allocation                                       
  Nature of transaction        : Sale of nil-paid letters of                      
                                 allocation                                       
  Prior written approval in terms of paragraph 3.66 of the JSE Securities Exchange
  South Africa Listings Requirements has been obtained.                           
  Sandton                                                                         
  21 April 2004                                                                   
  Contact :                                                                       
  Investor Relations                                                              
  Don Bowden (Tier 1 Investor Relations)                                          
  +27 (0)82 555 8721 / +27 (0)21 702 3102                                         
  Sponsors :                                                                      
  Merrill Lynch South Africa (Pty) Limited                                        
  Nedbank Capital                                                                 
  Date: 21/04/2004 03:56:00 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  

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