Adjustment to the terms and conditions of Nedbank’s, Bhp Billiton Plc share instalment -BILNNH NEDBANK LIMITED ADJUSTMENT TO THE TERMS AND CONDITIONS OF NEDBANK’S, BHP BILLITON PLC SHARE INSTALMENT Share Code: BILNNH ISIN Code: ZAE000196713 The BIL Spin off With reference to the recent announcement relating to BHP Billiton plc separate listing and spin off of South 32 Limited. In terms of which shareholders will receive1 South 32 Limited share for every share BHP Billiton plc held. Details Of The Event: Last day to trade in order to be eligible for the unbundling is Friday, 15 May 2015. The first dealing date in South 32 Limited will be Monday, 18 May 2015. Holders Of The BILNNH Share Instalment Will Be Affected In The Following Way: A cash payment will be made to BILNNH share instalment holders with regard to the corporate action. Therefore a holder with 100 BILNNH will receive 100 S32 shares which will then be sold at the closing market price on Monday, 18 May 2015. 15 May 2015 For further information contact: Nedbank Ltd 011 535 4030 Sponsor Nedbank Corporate Finance Division (A division of Nedbank Limited) Nedbank Group limited Incorpprate in the Republic of South Africa Registration number Reg No 1951/000009/06 Date of incorporation: 2 January 1951 http://www.nedbank.co.za/website/content/equitycapitalmarket/index.asp Date: 15/05/2015 01:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.