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Mon 21 Aug 2006, 15:10 Nedbank - Adjustment: terms & conditions of the An
JSE   AGLNBJAGLNBIAGLNBTAGLNBV
 NEDB                                                                            
Nedbank - Adjustment: terms & conditions of the Anglo American Ltd Warrants     
Nedbank Limited                                                                 
Adjustment To the terms & conditions of the Anglo American Ltd Nedbank Warrants 
Old Strike       New Strike     Expiry    Old Conv.  New           Call/Put     
Price            Price          Date      Ratio      Conv.Ratio                 
280.00           275.718        06/10/12  60         59.083        Call         
300.00           295.413        06/11/22  80         78.777        Call         
255.00           251.101        06/10/12  40         39.388        Put          
255.00           251.101        06/11/22  50         49.236        Put          
Old Strike       Style          Issue Code     ISIN Code                        
Price                                                                           
280.00           American       AGLNBI         ZAE000080206                     
300.00           American       AGLNBJ         ZAE000082293                     
255.00           European       AGLNBT         ZAE000080313                     
255.00           European       AGLNBV         ZAE000082566                     
As a result of the R4.71 "Special Dividend" an adjustment will be made to ensure
the financial position of the warrant holders is unprejudiced by this event.    
This adjustment will be effective from the 21 August 2006.                      
The Warrant is exercisable only in accordance with the terms & conditions as set
out in the relevant offering circular.                                          
21 August 2006                                                                  
Date: 21/08/2006 03:10:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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