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Tue 21 Nov 2006, 12:41 Nedbank Limited - Adjustment To The Terms & Condit
JSE   KMBNICKMBNBP
 NEDB                                                                            
Nedbank Limited - Adjustment To The Terms & Conditions Of The KMB Resources Ltd 
Nedbank Limited                                                                 
Adjustment To The Terms & Conditions Of The KMB Resources LTD, Nedbank Warrant &
Share Instalment                                                                
  Old Strike Price    110.00          62.00                                     
  New Strike Price    34.46           19.66                                     
  Expiry Date         22/11/2006      09/10/2007                                
Old Conv. Ratio     20              1                                         
  New Conv.Ratio      19              1                                         
  Call/Put            Put             Call                                      
  Style               European        American                                  
Issue Code          KMBNBP          KMBNIC                                    
  Isin Code           ZAE000082517    ZAE000085643                              
As a result of the Kumba corporate action, the strikes on the KMB warrant and   
share instalment have been adjusted to ensure the financial position of the     
warrant and Instalment holders are unprejudiced by this event. These adjustments
will be effective from the 21 November 2006.                                    
The Warrant and Instalment is exercisable only in accordance with the terms &   
conditions as set out in the relevant offering circular.                        
21 November 2006                                                                
Date: 21/11/2006 12:41:42 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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