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Mon 27 Sep 2004, 12:36 DEALING IN SECURITIES BY A DIRECTOR
NEDCOR LIMITED - DEALING IN SECURITIES BY A DIRECTOR                            
Nedcor Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
Registration number: 1966/010630/06                                             
Share Code: NED                                                                 
ISIN Code: ZAE000004875                                                         
(`Nedcor`)                                                                      
DEALING IN SECURITIES BY A DIRECTOR                                             
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 Christopher John Watkins Ball                 
Director of                  : Nedcor and Nedbank Limited                       
Date of transaction          : 23 September 2004                                
Number of shares sold        : 204                                              
Sale price                   : R56,60 per share                                 
Value of transaction         : R11 546,40                                       
Nature of interest           : Indirect non-beneficial                          
Class of security            : Nedcor ordinary shares                           
Nature of transaction        : Sale of shares by associate                      
Prior written approval in terms of paragraph 3.66 of the JSE Securities Exchange
South Africa Listings Requirements has been obtained.                           
Sandton                                                                         
27 September 2004                                                               
Sponsors :                                                                      
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital
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