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Nedcor (83IS)

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Wednesday 17 July, 2002

Nedcor

Appointment of non-executive

Nedcor
17 July 2002

                                 Nedcor Limited



                     Appointment of non-executive director



Nedcor Limited is pleased to announce the appointment of Mrs Thembalihle Hixonia
Nyasulu (47) as an independent non-executive director of Nedcor Limited and its
wholly-owned subsidiary Nedcor Bank Limited with effect 29 July 2002.



Mrs Nyasulu is the sole proprietor of T.H Nyasulu & Associates, a marketing and
research company.  Her area of expertise is strategic market planning, research
and marketing communications. She is a non-executive director of a number of
companies including Anglovaal Industries, the Development Bank of Southern
Africa, the Tongaat-Hulett Group and formerly Marriott Merchant Bank. She has a
Bachelor of Arts in Social Work and Honours in Psychology.



                                                                    17 July 2002





Enquiries:


Nedcor Limited                                       Tel: +27 (0)11 294 9027

Ewald Muller                                         Fax: +27 (0)11 295 9027

Investor Relations                                   Mobile: +27 (0)83 255 9595




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