Nedcor Limited - Grant and Acceptance of Share Options by Chief Financial
Officer
NEDCOR LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
ISIN: ZAE000004875
(`Nedcor`)
GRANT AND ACCEPTANCE OF SHARE OPTIONS BY CHIEF FINANCIAL OFFICER
The following information is disclosed in respect of the grant and acceptance of
Nedcor share options by the chief financial officer, who is an executive
director of Nedcor Limited and of its subsidiary Nedbank Limited, on 10 August
2004:
Number of options Exercise price
Name awarded of options
MWT Brown 80 000 R55,75
These share options are subject to the group`s standard performance-based
vesting criteria. Fifty percent of the options granted will vest on 10 August
2007 and fifty percent will vest on 10 August 2008, subject to the vesting
criteria. The options expire on 10 August 2010.
The total allocation of Nedcor share options to MWT Brown following this grant
and acceptance is as follows:
Number of options
Issue Time Performance Exercise price
date based based of options
2 July 2002 72 800 - R123,60
1 April 2003 - 18 000 R88,00
10 May 2004 30 334 7 500 R45,00
11 May 2004 - 20 000 R60,01
10 August 2004 - 80 000 R55,75
Total options 103 134 125 500
Sandton
11 August 2004
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 11/08/2004 05:03:04 PM Produced by the JSE SENS Department
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