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Fri 6 May 2005, 14:58 Dealing in securities by a director
Nedcor/ Nedbank - 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`)                                                                      
Nedbank Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
Registration number: 1951/00009/06                                              
Share Code: NBKP                                                                
ISIN Code: ZAE000043667                                                         
(`Nedbank`)                                                                     
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 B E Davison                                  
Director of:                    Nedcor and Nedbank                              
Date of transaction:            5 May 2005                                      
Nature of transaction:           Sale                                           
Number of shares:               18 700                                          
Sale price:                     R12.20 per share                                
Value of transaction:           R228 140                                        
Nature of interest:             Indirect beneficial                             
Class of security:              Nedbank Preference Shares                       
Prior written approval in terms of paragraph 3.66 of the JSE Securities Exchange
South Africa Listings Requirements has been obtained.                           
Sandton                                                                         
6 May 2005                                                                      
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Ltd                                            
Nedbank Capital
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