JSE KMBNIC
NEDB
Nedbank Limited - KMBNIC Share Instalment
NEDBANK LIMITED
SENS ANNOUNCEMENT IN RELATION TO THE KMBNIC SHARE INSTALMENT ZAE000085643
Notice is given of the exchange offer of a pro rata repurchase offer made by
EXXARO and spin-off distribution payable for Kumba Resources Limited, Last Day
to Trade Friday, 17 November 2006 and Ex date Monday, 20 November 2006.
The pro rata repurchase offer made by EXXARO allows the shareholders to tender
approximately 12.37 percent of the shares at a price of R 45.99 per share.
Should the maximum number of shares be issued in terms of the existing share
incentive schemes, the shares to be repurchased in terms of the pro rata
repurchase will constitute approximately 11.93 percent of the shares in issue
on record date Friday, 24 November 2006. The Spin Off event will distribute one
new Kumba Iron Ore Ltd ("KIO") share for every one old Kumba Resources Limited
share held as at record date Friday, 24 November 2006.
The trustees of the Share Instalment Trust have elected to decline the pro rata
repurchase offer made by EXXARO and will make the below adjustments:
A strike adjustment will be made to the existing KMBNIC Share Instalment on
Monday, 20 November 2006.
The Share Instalment Trust has proposed a new issue for a KIO share instalment
to be listed on Monday, 20 November 2006. The KMB Share Instalment holders
will receive one new KIO share instalment for every existing KMB share
instalment held as at Friday, 24 November 2006, payment date is Monday, 27
November 2006.
For more information contact Nedbank Equity Derivatives on (011) 535 4030
6th Floor Corporate Place
135 Rivonia Road Sandown
2196
Sponsor
Nedbank Capital
(A division of Nedbank Limited)
Date: 13/11/2006 01:47:06 PM Produced by the JSE SENS Department
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