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South African Ladies Tour formed

Women's professional golf in South Africa is
preparing itself for a ground-breaking season and, thanks to the support of leading South African bank Nedbank and MasterCard, will feature players from
the Evian Ladies European Tour.

In conjunction with officials from the South African Ladies Professional Golf Tour (LPGT), Nedbank and MasterCard have played key roles in the formation of the Nedbank Ladies Tour and will help to attract players from the Evian Tour to South Africa for the first time.

With five events in the inaugural season and over R1,725,000 in prize money, the Nedbank Ladies Tour will visit some of the finest courses in South
Africa and offer a competitive environment and learning curve for local and European professionals.

"Without any shadow of doubt, 2001 will be the most significant season in the history of the women's game here in South Africa and I applaud Nedbank and MasterCard for sharing our vision for the future," said Erica Roodt,Executive Director, LPGT.

"All the elements for a successful Tour are already in place and I'm
confident that the Nedbank Ladies Tour will unearth a number of highly
talented individuals in the next few seasons.

"The sponsorship deal has effectively allowed us to create a career path for
local players, and at the same time it provides an incentive for the more
established pros to stay at home rather than travel abroad in search of
playing opportunities."

Pete Backwell, General Manager, Nedbank Retail Banking, says: "Ladies golf
in South Africa has enormous potential. Nedbank's sponsorship of the Tour
will help to uplift the game and benefit both players and supporters, and at
the same time help to create role models for our youth."

The Tour tees-off with the Nedbank MasterCard Classic (February 21-23) in
Johannesburg and comes to a close at Sun City with the flagship Nedbank
MasterCard SA Ladies Masters (March 23-25), a co-sanctioned tournament with
the Evian Tour.

With more than R1 million on offer at the Nedbank MasterCard SA Masters, it
features as the fourth stop of the 2001 Evian Tour and offers local
professionals their first opportunity to compete against some of the finest
players from Europe.

Nedbank and MasterCard's combined investment of over R1million in the Sun
City event also constitutes the largest ever sponsorship deal for ladies
golf in South Africa.

In addition to its sponsorship of the Tour, Nedbank and MasterCard have
committed to a series of golf clinics and golf days to help promote and
develop the sport at grassroots level.

The Nedbank Ladies Tour is the brainchild of Erica Roodt and the LPGT Tour
Director Tania Fourie.

"These are exciting times for women's golf in South Africa and we look
forward to building on the playing opportunities for our members in the next
few years," said Fourie.

"We also look forward to welcoming the Evian Tour to South Africa for the
first time for what we hope will be the first of many co-sanctioned
tournaments."
In another first for the women's game in South Africa, followers of the
sport will be able to watch the very best of the Tour action during a
highlights package on SuperSport and Pitch and Putter.

Both Nedbank and MasterCard have helped to shape the face of golf in South
Africa - Nedbank through the sponsorship of the prestigious Nedbank Golf
Challenge, and MasterCard through the sponsorship of the MasterCard
Development Program and the MasterCard Golf Academy.

In 2000 MasterCard also sponsored South African players to the very first
Ladies World Cup to Ireland.

2001 NEDBANK LADIES TOUR

Nedbank MasterCard Classic - Glendower Golf Club, Johannesburg - Feb. 22-25

Telekom Ladies Classic - Woodpile Golf Club, Pretoria - March 2-4

Vodacom Players Championship - Rondebosch Golf Club, Cape Town - March 9-11

CAPE Times Women's SA Open - Devonvale Golf Club, Stellenbosch - March 16-18

Nedbank MasterCard SA Masters - Sun City - March 23-25


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