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JSE   TOPNBVTOPNBK
 NEDB                                                                            
NEDB - Nedbank Limited - Notice Of Expiry Of Warrants                           
Nedbank Limited                                                                 
Nedbank Limited hereby gives notice of the expiry of the following Warrants on  
the 21st December 2006.                                                         
Underlying       ISIN       Issue    Strike Ratio   Type  Expiy Date     Code   
Instrument                  Size                                                
FTSE JSE    ZAE000082863 100000000  21000  2000:1   AC   2006/12/21    TOPNBK   
AFRICA                                                                         
  TOP40                                                                         
TRADEABLE                                                                       
  INDEX                                                                         
FTSE JSE    ZAE000082871 100000000  18500  2000:1   EP   2006/12/21    TOPNBV   
 AFRICA                                                                         
  TOP40                                                                         
TRADEABLE                                                                       
INDEX                                                                         
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: 27/12/2006 15:49:03 Produced by the JSE SENS Department.                  

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