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JSE
 NEDB                                                                            
Nedbank Limited - Issue of Warrants                                             
NEDBANK LIMITED                                                                 
                                ISSUE OF WARRANTS                               
Underlying         ISIN       Issue   Strike Ratio   Type Expiry Date   Code    
Instrument                     Size                                             
Anglo         ZAE000082566   100000000  25500  50:1    EP   2006/11/22  AGLNBV  
American                                                                        
Anglo         ZAE000082335   100000000  65000 120:1    EP   2006/11/22  AMSNBX  
Platinum Ltd                                                                    
Anglogold     ZAE000082459   100000000  30500  50:1    EP   2006/11/22  ANGNBP  
Ashanti Ltd                                                                     
ABSA Group    ZAE000082467   100000000  8500   10:1    EP   2006/11/22  ASANBP  
Ltd                                                                             
Edgars Cons   ZAE000082582   100000000  2250   3:1     EP   2006/11/22  ECONBV  
Stores LTD                                                                      
Firstrand Ltd ZAE000082475   100000000  1555   5:1     EP   2006/11/22  FSRNBT  
Goldfields    ZAE000082731   100000000  12500  20:1    EP   2006/11/22  GFINBS  
Ltd                                                                             
Harmony G M   ZAE000082749   100000000  9000   20:1    EP   2006/11/22  HARNBQ  
Co Ltd                                                                          
Impala        ZAE000082509   100000000 110000 160:1    EP   2006/11/22  IMPNBU  
Platinum                                                                        
Kumba         ZAE000082517   100000000  11000  20:1    EP   2006/11/22  KMBNBP  
Resources Ltd                                                                   
MTN Group Ltd ZAE000082525   100000000  4500   8:1     EP   2006/11/22  MTNNBT  
Naspers Ltd   ZAE000082533   100000000  10500  15:1    EP   2006/11/22  NPNNBP  
SABmiller Plc ZAE000082558   100000000  11000  10:1    EP   2006/11/22  SABNBP  
Standard Bank ZAE000082574   100000000  6500   10:1    EP   2006/11/22  SBKNBX  
Group Ltd                                                                       
Sasol Ltd     ZAE000082723   100000000  24000  50:1    EP   2006/11/22  SOLNBV  
Telkom SA Ltd ZAE000082541   100000000  11500  20:1    EP   2006/11/22  TKGNBV  
The Issuer Services Division of the JSE Limited ("JSE") has approved the listing
of the abovementioned Warrants and trading will commence on 07 July 2006.       
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.                                                           
For further information contact:                                                
Nedbank Ltd                                                                     
011 535 4030                                                                    
Sponsor                                                                         
Nedbank Corporate Finance Division (Nedbank Capital)                            
(A division of Nedbank Limited)                                                 
Date: 07/07/2006 03:06:11 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                

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