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Fri 23 Feb 2007, 7:45 GNDNIA - Nedbank - Capital reduction distribution
JSE   GNDNIA
 NEDB                                                                            
GNDNIA - Nedbank - Capital reduction distribution in relation to the GND Share  
Instalment                                                                      
Nedbank Limited                                                                 
Share Code:  GNDNIA                                                             
Code: ZAE000086393                                                              
CAPITAL REDUCTION DISTRIBUTION ANNOUNCEMENT IN RELATION TO THE GND SHARE        
INSTALMENT                                                                      
Notice is hereby given of the capital reduction amount payable for GRINROD      
LIMITED and that as a result of the capital reduction declaration relating to   
GRINROD LIMITED (GND) the Trustees of the GND Share Instalment have declared a  
capital reduction amount of  38 cents per share instalment that is payable on   
Monday, 19 March 2007.                                                          
The last day to trade cum capital reduction is Friday, 9 March 2007. The share  
instalment will commence trading ex capital reduction from Monday, 12 March 2007
and the record date will be Friday, 16 March 2007.                              
For more information contact Equity Derivatives on (011) 535 4030               
135 Rivonia Road, Sandton                                                       
23 February 2007                                                                
Sponsor Nedbank Capital                                                         
Date: 23/02/2007 07:45:01 Produced by the JSE SENS Department.                  
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