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Nedcor Limited - Continuing Cautionary Announcement                             
Nedcor Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1966/010630/06)                                           
JSE Share Code: NED                                                             
ISIN: ZAE000004875                                                              
(`Nedcor` or `the company`)                                                     
CONTINUING CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement dated 22 February 2005, shareholders are 
advised that a broad-based black economic empowerment (`BEE`) transaction is    
still in the process of being finalised.  Accordingly shareholders are advised  
to continue exercising caution when dealing in the company`s securities until   
Nedcor announces further detail on its BEE transaction.                         
Sandton                                                                         
4 April 2005                                                                    
Sponsors                                                                        
Merrill Lynch South Africa (Pty) Ltd                                            
Nedbank Capital                                                                 
Date: 04/04/2005 02:17:39 PM                 
Produced by the JSE SENS Department

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