IBLP / NBKP - Imperial Bank / Nedbank Limited - Invocation Of Section 440k(1)

IBLP / NBKP - Imperial Bank / Nedbank Limited - Invocation Of Section 440k(1)   
    (`Section 440k`) Of The Companies Act, No. 61 Of 1973 By Nedbank Limited    
    (`Nedbank`)                                                                 
Imperial Bank Limited                                                           
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/012641/06)                                            
Share code: IBLP                                                                
ISIN: ZAE000081675                                                              
(`Imperial Bank`)                                                               
Nedbank Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1951/000009/06)                                            
Share code: NBKP                                                                
ISIN: ZAE000043667                                                              
(`Nedbank`)                                                                     
INVOCATION OF SECTION 440K(1) (`SECTION 440K`) OF THE COMPANIES ACT, NO. 61 OF  
1973 BY NEDBANK LIMITED (`NEDBANK`)                                             
Holders of the non-redeemable, non-participating, non-cumulative preference     
shares in Imperial Bank (`remaining Imperial Bank preference shares`) are       
referred to the announcement released by Nedbank and Imperial Bank on the       
Securities Exchange News Service (`SENS`) on 20 January 2010 (`the section 440K 
announcement`).                                                                 
The remaining Imperial Bank preference shareholders are hereby notified that up 
to and including Wednesday, 3 March 2010, Nedbank had not received any          
correspondence regarding any objections posted to the High Court of South Africa
in terms of the timetable published in the section 440K announcement, and has   
invoked section 440K. Remaining Imperial Bank preference shareholders will      
receive the offer consideration on Thursday, 11 March 2010 on the same terms and
conditions as those included in the section 440K announcement and the circular  
posted to shareholders on that date. In this regard, Imperial Bank preference   
shares will be delisted from the JSE Limited with effect from the commencement  
of business on Friday, 12 March 2010.                                           
Sandton                                                                         
4 March 2010                                                                    
Investment bank, corporate adviser and  Independent sponsor to                  
sponsor to Nedbank and sponsor to       Imperial Bank                           
Imperial Bank                           -Deloitte & Touche Sponsor              
- Nedbank Capital, a division of        Services (Proprietary)                  
Nedbank Limited -                       Limited-                                
Independent lead sponsor to Nedbank                                             
-Investec Bank Limited-                                                         
Date: 04/03/2010 16:52:02 Supplied by www.sharenet.co.za                     
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