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Mon 26 Mar 2007, 10:56 NEDB - Nedbank - Adjustment to the terms & conditi
JSE   BAWNBE
 NEDB                                                                            
NEDB - Nedbank - Adjustment to the terms & conditions of the Barloworld Ltd     
                Nedbank Warrant                                                 
Nedbank Limited                                                                 
Adjustment To The Terms & Conditions Of The BARLOWORLD LTD, Nedbank Warrant     
 Old Strike Price     177.00                                                    
 New Strike Price     172.20                                                    
 Expiry Date          2007/05/23                                                
Old Conv. Ratio      30                                                        
 New Conv.Ratio       29.19                                                     
 Call/Put             Call                                                      
 Style                American                                                  
Issue Code           BAWNBE                                                    
 ISIN Code            ZAE000090759                                              
As a result of the Barloworld special dividend payment, an adjustment will be   
made to ensure the financial position of the warrant holder is unprejudiced by  
this event. This adjustment will be effective from Monday, 26 March 2007.       
The Warrant is exercisable only in accordance with the terms & conditions as set
out in the relevant offering circular.                                          
26 march 2007                                                                   
Date: 26/03/2007 10:56:51 Produced by the JSE SENS Department.
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