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Tue 29 Mar 2005, 12:00 Share Instalments
Nedbank Limited - Share Instalments (Re-release of 24 March 2005 announcement)  
Nedbank Limited                                                                 
             - Share Instalments                                                
Underlying Issue          Com- Ratio    Style     Maturity JSE    ISIN No.      
Instrument Size        pletion                      Date   Codes                
                       Payment                                                  
Anglo      100000000   R 73.00  1:1    American     29th   AGLNIB ZAE000064986  
American                                 Call      March                        
                                                    2006                        
Ango Gold  100000000  R 109.50  1:1    American     29th   ANGNIB ZAE000064994  
                                         Call      March                        
2006                        
BHP        100000000   R 41.20  1:1    American     29th   BILNIB ZAE000065009  
Billiton                                 Call      March                        
                                                    2006                        
First Rand 100000000    R 6.50  1:1    American     29th   FSRNIB ZAE000065017  
                                         Call      March                        
                                                    2006                        
Goldfields 100000000   R 37.30  1:1    American     29th   GFINIB ZAE000065025  
Call      March                        
                                                    2006                        
Implats    100000000  R 260.00  1:1    American     29th   IMPNIB ZAE000065033  
                                         Call      March                        
2006                        
Investec   100000000   R 90.50  1:1    American     29th   INPNIB ZAE000065041  
PLC                                      Call      March                        
                                                    2006                        
MTN Group  100000000   R 20.75  1:1    American     29th   MTNNIB ZAE000065058  
                                         Call      March                        
                                                    2006                        
Richemont  100000000    R 9.90  1:1    American     29th   RCHNIB ZAE000065066  
Call      March                        
                                                    2006                        
SAB Miller 100000000   R 48.15  1:1    American     29th   SABNIB ZAE000065074  
                                         Call      March                        
2006                        
Sappi      100000000   R 37.75  1:1    American     29th   SAPNIB ZAE000065082  
                                         Call      March                        
                                                    2006                        
Sanlam     100000000    R 6.00  1:1    American     29th   SLMNIB ZAE000065090  
                                         Call      March                        
                                                    2006                        
Sasol      100000000   R 71.00  1:1    American     29th   SOLNIB ZAE000065108  
Call      March                        
                                                    2006                        
Satrix 40  100000000    R 5.90  1:1    American     29th   STXNIB ZAE000065116  
                                         Call      March                        
2006                        
Standard   100000000   R 30.75  1:1    American     29th   SBKNIB ZAE000065124  
Bank                                     Call      March                        
                                                    2006                        
Telkom     100000000   R 53.20  1:1    American     29th   TKGNIB ZAE000065132  
group                                    Call      March                        
                                                    2006                        
The Listings Division of The JSE Securities Exchange South Africa  (`JSE`) has  
approved the listing of the abovementioned Share Instalments and trading will   
commence on 29th of March, 2005.                                                
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)
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