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Nedbank Limited - Notice of expiry of warrants                                  
NEDBANK LIMITED                                                                 
NOTICE OF EXPIRY OF WARRANTS                                                    
Nedbank Limited hereby gives notice of the expiry of the following Warrants on  
the 03rd of November 2005                                                       
Underlying         Issue Size   Strike  Ratio     Style    Exercise     JSE     
Instrument                       Price                       Date      Codes    
Anglo American PLC 100000000    160.00   40:1    American 2005/11/03  AGLNBE    
                                                   Call                         
Amplats Ltd        100000000    250.00   50:1    American 2005/11/03  AMSNBF    
                                                   Call                         
Anglogold Ltd      100000000    225.00   70:1    American 2005/11/03  ANGNBD    
                                                   Call                         
ABSA Ltd           100000000     81.51  5.28:1   American 2005/11/03  ASANBD    
                                                   Call                         
Billiton PLC       100000000     87.50   20:1    American 2005/11/03  BILNBE    
                                                   Call                         
Didata PLC         100000000      4.00   3:1     American 2005/11/03  DDTNBD    
                                                   Call                         
Goldfields Ltd     100000000     75.00   20:1    American 2005/11/03  GFINBF    
                                                   Call                         
Harmony Ltd        100000000     40.00   20:1    American 2005/11/03  HARNBF    
                                                   Call                         
Implats Ltd        100000000    550.00  150:1    American 2005/11/03  IMPNBD    
                                                   Call                         
Mittal Steel Ltd   100000000     55.00   15:1    American 2005/11/03  MLANBA    
                                                   Call                         
MTN Ltd            100000000     50.00   10:1    American 2005/11/03  MTNNBE    
                                                   Call                         
Sappi Ltd          100000000     65.00   20:1    American 2005/11/03  SAPNBE    
                                                   Call                         
Standard Bank Ltd  100000000     65.00   15:1    American 2005/11/03  SBKNBD    
                                                   Call                         
Sanlam Ltd         100000000     12.75   3:1     American 2005/11/03  SLMNBC    
                                                   Call                         
Sasol Ltd          100000000    150.00   30:1    European 2005/11/03  SOLNBR    
                                                   Put                          
Telkom Ltd         100000000    105.42 23.96:1   American 2005/11/03  TKGNBD    
                                                   Call                         
For all settlement details please contact the issuer on 011 535-4030 or via e-  
mail nedbankequitymarkets@nedcor.com                                            
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)                                                 
Date: 04/11/2005 11:41:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                

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