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JSE   KMBNBE
 NEDB                                                                            
Nedbank Limited - Notice of early expiry of Warrants                            
NEDBANK LIMITED                                                                 
NOTICE OF EARLY EXPIRY OF WARRANTS                                              
Nedbank Limited hereby gives notice of the expiry of the following Warrants on  
the 10 November 2006.                                                           
Underlying   Issue    Strike  Ratio     Style    Exercise    JSE     ISIN Code  
Instrument   Size     Price                        Date     Codes               
Kumba    100000000   140   30 to 1  American  2006/11/22  KMBNBE ZAE000082392 
Resources                               Call                                    
 Limited                                                                        
For all settlement details please contact the issuer on 011 535-4030 or via e-  
mail nedbankequitymarkets@nedbank.co.za                                         
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 Capital                                                                 
(A division of Nedbank Limited)                                                 
Date: 10/11/2006 03:59:17 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                

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