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14-Aug-2018
(Official Notice)
Following the SENS announcement released on 23 February 2018, shareholders are advised, in accordance with paragraph 16.20(g) and Appendix 1 to Section 11 of the JSE Limited Listings Requirements, that the Company?s annual compliance report in terms of section 13G(2) of the Broad- based Black Economic Empowerment Amendment Act, No 46 of 2013, has been published and is available on the Nedbank Group website at www.nedbankgroup.co.za.

07-Aug-2018
(C)
26-Jul-2018
(Official Notice)
Nedbank delivered a strong performance in the first half of 2018 assisted by their share of associate income from ETI as it returned to profitability, while managed operations delivered positive earnings growth in line with the group's expectations.



The Nedbank board is satisfied that there is a reasonable degree of certainty that headline earnings per share (HEPS) and basic earnings per share (EPS) for the six-month period ended 30 June 2018 will be as follows:

- HEPS of between 1 350.5 cents and 1 405.4 cents, which is between 23% and 28% higher than the 1 098 cents per share reported for the six months to 30 June 2017; and

- Basic EPS of between 1 344.4 cents and 1 399 cents, which is between 23% and 28% higher than the 1 093 cents per share reported for the six months to 30 June 2017.



Nedbank?s results for the six months ended 30 June 2018 will be released on the JSE Stock Exchange News Service on Tuesday, 7 August 2018.
26-Jun-2018
(Official Notice)
Nedbank Group shareholders are referred to the announcements published on 11 March 2016, 28 June 2016, 1 November 2017 and 20 April 2018 relating to Old Mutual plc?s managed separation strategy (`Managed Separation?), which entails, among other things, the creation of a new South African holding company, Old Mutual Limited (`OML?).



The admission of, and commencement of unconditional dealings in, the ordinary shares of OML to the Johannesburg Stock Exchange Limited as a primary listing and also to the London Stock Exchange, the Namibian Stock Exchange, the Zimbabwe Stock Exchange and the Malawi Stock Exchange took place at 9.00 a.m. SAST today, 26 June 2018. For full details, Nedbank Group shareholders are referred to the announcement published by OML.



As previously communicated, the admission of OML is the precursor to the third and final step of the Managed Separation which will entail the reduction of OML?s shareholding in Nedbank Group to a minority shareholding of 19.9% in Nedbank Group?s ordinary shares, held through OML?s shareholder funds (`Strategic Minority Shareholding?), through a distribution of Nedbank Group ordinary shares to OML shareholders on the OML share register at that time (`Nedbank Unbundling?). It is anticipated that the Nedbank Unbundling will take place approximately six months from the date of the admission of OML as set out above.



Nedbank Group shareholders will be kept appropriately informed of further developments regarding the Nedbank Unbundling.
06-Jun-2018
(Official Notice)
The boards of Nedbank Group and Nedbank Ltd. (?the companies?) announced the appointment of Peter Moyo, and simultaneous resignation of Bruce Hemphill, as non- executive directors of the companies with effect from 11 June 2018.



In March 2016 Old Mutual plc announced its Managed Separation (?MS?) strategy, and in April 2018 Old Mutual plc announced that, subject to shareholder and other approvals, the MS would be materially completed by the end of 2018, with the listing of Quilter plc on the LSE on 25 June 2018, followed by the listing of Old Mutual Ltd (?OML?), which will become the holding company of the Old Mutual plc, on the JSE on 26 June 2018. The third and final step in the MS is the proposed unbundling of Nedbank approximately six months after the implementation of the first two steps, whereby OML intends, subject to certain conditions, to distribute approximately 32% of the total issued share capital of Nedbank to OML?s shareholders, whilst retaining a strategic minority stake of 19.9% in Nedbank in its shareholder funds.
16-May-2018
(Official Notice)
Shareholders are advised that Link Market Services South Africa (Pty) Ltd. (?Link?) will replace Computershare Investor Services (Pty) Ltd. as transfer secretary to Nedbank and Nedbank-p, with effect from 1 June 2018.
15-May-2018
(Official Notice)
Nedbank announced the following appointments to its Group Executive Committee (?Group Exco?). Khensani Nobanda (39) has been appointed as the Group Executive for Group Marketing and Corporate Affairs with effect from 15 May 2018. Deborah Fuller (45) has been appointed as the Group Executive for Human Resources with effect from 25 June 2018 following the early retirement of Abe Thebyane on 31 March 2018.
10-May-2018
(Official Notice)
Shareholders are advised that at the annual general meeting (?AGM?) of Nedbank held at the registered offices of the Group on Thursday, 10 May 2018, all resolutions were passed by the requisite majority of Nedbank shareholders present in person or represented by proxy.
10-May-2018
(Official Notice)
30-Apr-2018
(Official Notice)
In support of Old Mutual plc?s annual general meeting (AGM) statement on 30 April 2018, Nedbank Group provided the following information to Old Mutual plc: Nedbank?s performance for the three months to 31 March 2018 was in line with management expectations. In accordance with normal practice, the group will provide a performance update at its AGM on 10 May 2018.
20-Apr-2018
(Official Notice)
06-Apr-2018
(Official Notice)
Noteholders are advised that in line with its authority to do so in terms of the provisions of the programme memorandum for its ZAR10 000 000 000 Domestic Medium Term Note Programme (?the Programme?), the board of directors of Nedbank Group, on 23 February 2018, resolved to increase the maximum aggregate outstanding principal amount of all of the notes that may be in issue under the Programme at any one point in time from ZAR10 000 000 000 to ZAR25 000 000 000 (?the Increase in the Programme Amount?).



The Increase in the Programme Amount is effective from 5 April 2018.

29-Mar-2018
(Official Notice)
Further to the published Nedbank and Nedbank Ltd. audited financial results for the year ended 31 December 2017, shareholders are advised that the summary audited consolidated financial statements and the notices of the annual general meetings for Nedbank Group and Nedbank Ltd. have been sent to shareholders. The Nedbank Group 2017 Integrated Report and the Nedbank Ltd. 2017 Annual Report are available online on the group?s website (www.nedbankgroup.co.za).



No change statement

The Nedbank Group and Nedbank Ltd. annual financial statements contain no changes to the audited financial results which were published on 2 March 2018. The annual financial statements were audited by Nedbank Group and Nedbank Ltd.?s auditors, KPMG Inc and Deloitte - Touche. Their unqualified reports, which have not changed since the publication of the audited financial results, are available for inspection at the group?s registered office.



Confirmation of Annual General Meeting

Shareholders are advised that Nedbank Group?s annual general meeting will be held on Thursday, 10 May 2018, in the Boardman Auditorium, Nedbank 135 Rivonia Campus, 135 Rivonia Road, Sandown, Sandton at 08:30 and that Nedbank Ltd.?s annual general meeting will be held on Tuesday, 8 May 2018, in the Executive Boardroom, Block A, Ground Floor, Nedbank 135 Rivonia Campus, 135 Rivonia Road, Sandown, Sandton at 16:30. The notices of the annual general meetings for the respective companies are contained alongside the aforementioned summary consolidated financial statements.



The annual general meetings of Nedbank Group and Nedbank Ltd. are to be participated in and voted at by ordinary shareholders recorded in the respective companies? securities registers on the record date of Friday, 4 May 2018 and Thursday, 26 April 2018 respectively.



Pillar 3 Risk and Capital Management Report at 31 December 2017

Nedbank Group and Nedbank Ltd. have released their Pillar 3 Basel III Public Disclosure Report, required by regulation 43 of the regulations relating to banks, issued in terms of the Banks Act, 94 of 1990. This report is available on the group?s website: www.nedbankgroup.co.za in the Investor Information Hub section.
26-Mar-2018
(Official Notice)
The boards of Nedbank Group and Nedbank Ltd. (?the companies?) announced the retirement of Ms Nomavuso Mnxasana as an independent non-executive director of the companies with effect from the close of Nedbank Group?s Annual General Meeting on Thursday, 10 May 2018.



In accordance with Nedbank Group?s board succession plan, recent appointments have taken cognisance of Nomavuso?s retirement on 10 May 2018 and have provided for an appropriate transition period.
02-Mar-2018
(C)
23-Feb-2018
(Official Notice)
Shareholders are advised that Nedbank Group?s and Nedbank?s BEE certificate, in terms of section 11 of the JSE Limited Listings Requirements is available on the Nedbank Group website at www.nedbank.co.za.



Nedbank has achieved level 2 against the Amended Financial Sector Code.
21-Feb-2018
(Official Notice)
Shareholders are advised that Nedbank Group?s and Nedbank?s annual compliance report, in terms of section 13G(2) of the Broad-Based Black Economic Empowerment (?BEE?) Amendment Act, 2013 (Act No 46 of 2013) has been submitted to the BEE Commission and is available on the Nedbank Group website at www.nedbankgroup.co.za.



The BEE annual compliance report specifies that the Group has achieved Level 2 status.
17-Nov-2017
(Official Notice)
01-Nov-2017
(Official Notice)
Old Mutual plc announced that the strategic minority shareholding to be retained in Nedbank to underpin the ongoing commercial relationship between the companies has been agreed at 19.9%.



This follows the announcement by Old Mutual plc on the Old Mutual Managed Separation (?Managed Separation?) on 11 March 2016, and the subsequent communication on 25 May 2017, in which Old Mutual plc stated that the new South African holding company, to be named Old Mutual Ltd. (?OML?), would retain a strategic minority shareholding in Nedbank post the implementation of the Managed Separation.



The 19.9% shareholding will be held by OML, which will have a primary listing on the JSE and a secondary listing on the London Stock Exchange. OML will be listed on both exchanges at the earliest opportunity in 2018 following the publication of Old Mutual plc?s 2017 full-year results announcement.



As previously announced, the decrease in OML?s shareholding in Nedbank Group to 19.9% will be achieved through the distribution of the balance of OML?s majority shareholding in Nedbank to its shareholders, at an appropriate time and in an orderly manner, post the listing of OML. OML does not intend to sell any part of its shareholding in Nedbank to a new strategic investor.



Nedbank shareholders will be kept appropriately informed of further developments regarding the Managed Separation.
18-Oct-2017
(Official Notice)
Nedbank announced the early retirement of Abe Thebyane (57) after more than six years as Group Executive of Human Resources and a member of the Group Executive committee. Abe has decided to take early retirement in terms of the rules of the bank?s retirement policy.



Nedbank will commence the process to appoint a successor for Abe and decided to extend the process both internally and externally. The effective date of his early retirement will be announced upon the appointment of a suitable successor to ensure a seamless handover of responsibilities.
06-Oct-2017
(Official Notice)
Nedbank through its Corporate and Investment Banking operation (?Nedbank CIB?) and Deutsche Bank, through Deutsche Securities (SA) Pty Ltd. (?Deutsche Bank?) have entered into a cooperation to jointly provide primary equity and debt capital markets services to corporate, public sector and institutional clients in South Africa and select markets in sub-Saharan Africa.



The two institutions will cooperate on a transaction-by-transaction basis, with clients continuing to contract directly with each entity individually. The two parties will not be creating a legal entity or other joint venture structure. There is no impact on existing advisory and financing businesses, which remain separate.



The scope of the cooperation will include the following services:

- Primary equity capital markets activities, including the management of initial public offerings, rights offers and placements;

- Primary equity-linked capital markets activities, including the management of convertible and exchangeable bond offerings; and

- International debt capital markets activities, including investment-grade and sub-investment-grade Eurobond offerings.



The key highlights of the cooperation are as follows:

- Preferred partners in managing capital markets services in South Africa and select markets in sub- Saharan Africa;

- Combines Nedbank CIB?s local primary markets expertise and strong client franchise in both the corporate and public sectors with Deutsche Bank?s South African equities and global capital markets distribution platform; and

- Broadens client reach through local and international capital markets access, offering relevant, innovative solutions based on global best practice.
02-Aug-2017
(C)
Net interest income rose to R13.5 billion (R13 billion). Profit from operations jumped to R8.8 billion (R8 billion). Profit attributable to equity holders of the parent decreased to R5.2 billion (R5.4 billion). Furthermore, headline earnings per share fell to 1 098 cents per share (1 135 cents per share).



Interim dividend declaration

Notice is hereby given that an interim dividend of 610 cents per ordinary share has been declared, payable to shareholders for the six months ended 30 June 2017. The dividend has been declared out of income reserves.



Company prospects

In light of the weak economic outlook in SA we have revised our guidance on financial performance for the full year 2017 as follows:

*Average interest-earning banking assets to grow below nominal GDP growth.

*NIM to be slightly above the 2016 rebased level of 3.54%.

*CLR to increase from the level of 47 bps in the first half of 2017 towards the bottom end of our target range of 60 to 100 bps.

*NIR, excluding fair-value adjustments, to grow at mid-single digits.

*Associate loss to be lower than the loss reported in the first half of 2017 (ETI associate income reported quarterly in arrear).

*Expenses to increase by mid-single digit levels.



Our financial guidance is for growth in DHEPS for the full 2017 year to be positive, but less than or equal to growth in nominal GDP (consumer price index plus GDP growth). This has been revised from the guidance we provided at 28 February 2017 of growth in DHEPS for the full 2017 year to be greater than growth in nominal GDP.

27-Jun-2017
(Official Notice)
Nedbank announced the resignation of Mr Thulani Sibeko as Group Executive: Group Marketing, Communications and Corporate Affairs with effect from 27 June 2017 to pursue another career opportunity. Mr Sibeko reported to Mr Mfundo Nkuhlu, the Chief Operating Officer, who in addition to his current responsibilities will oversee this role until a permanent replacement is announced.
26-Jun-2017
(Official Notice)
The boards of Nedbank and Nedbank-p announced the appointment of Mr Hubert Brody (CA(SA)) as an independent non-executive director of the Companies with effect from 1 July 2017.
01-Jun-2017
(Official Notice)
31-May-2017
(Official Notice)
In compliance with section 7.3 of the JSE Debt Listing Requirements (Continuing Obligations), Nedbank and Nedbank Ltd.?s Audited Annual Financial Statements for the year ended 31 December 2016 are available for viewing on Nedbank?s website www.nedbank.co.za/content/nedbank/desktop/gt/en/aboutus/information- hub/financial-results/2016.html The audited information is also available for inspection at Nedbank?s registered office.
18-May-2017
(Official Notice)
Shareholders are advised that the voting results for the annual general meeting (?AGM?) of Nedbank Group held at the registered offices of the Group on Thursday, 18 May 2017, all resolutions were passed by the requisite majority of Nedbank Group shareholders present in person or represented by proxy at the AGM.
18-May-2017
(Official Notice)
04-May-2017
(Official Notice)
The boards of Nedbank Group and Nedbank (?the Companies?) announced the appointments of Ms Neo Dongwana and Ms Linda Manzini as independent non-executive directors of the Companies with effect from 1 June 2017.
18-Apr-2017
(Official Notice)
Nedbank shareholders are referred to the Ecobank Transnational Incorporated (ETI) financial results announcement for the full year 2016, which was released by ETI on 18 April 2017.



ETI is the group's strategic partner in Central and West Africa and we have a shareholding of approximately 20% in ETI. As disclosed in the group?s Integrated Report at 31 December 2016, the carrying value of this investment in ETI, net of a R1 billion impairment provision, was R4,0bn and the Group?s market capitalisation was R118 billion. The carrying value represents approximately 3.4% of the group?s market capitalisation.
31-Mar-2017
(Official Notice)
Further to the published Nedbank Group and Nedbank Ltd. audited financial results for the year ended 31 December 2016, shareholders are advised that the summary audited consolidated financial statements and the notices of the annual general meetings for Nedbank Group and Nedbank Ltd. have been sent to shareholders. The Nedbank Group 2016 Integrated Report and the Nedbank Ltd. Annual Report for 2016 are available online on the group?s website (www.nedbankgroup.co.za).



No change statement

The Nedbank Group and Nedbank Ltd. annual financial statements contain no changes to the audited financial results which were published on 28 February 2017. The annual financial statements were audited by Nedbank Group and Nedbank Ltd?s auditors, KPMG Inc and Deloitte - Touche. Their unqualified report is available for inspection at the group?s registered office.



Confirmation of annual general meeting

Shareholders are advised that Nedbank Group?s annual general meeting will be held on Thursday, 18 May 2017, in the auditorium, Nedbank 135 Rivonia Campus, 135 Rivonia Road, Sandown, Sandton at 08:30 and that Nedbank Ltd?s annual general meeting will be held on Wednesday, 17 May 2017, in the Executive Boardroom, Block A, Ground Floor, Nedbank 135 Rivonia Campus, 135 Rivonia Road, Sandown, Sandton at 16:30. The notices of the annual general meetings for the respective companies are contained in the aforementioned audited summary consolidated financial statements.



The annual general meetings of Nedbank Group and Nedbank Ltd. are to be participated in and voted at by ordinary shareholders recorded in the companies? securities register on the record date of Friday, 12 May 2017 respectively.



Pillar 3 risk and capital management report at 31 December 2016

Nedbank Group and Nedbank Ltd. have released their Pillar 3 Basel III Public Disclosure Report, required by regulation 43 of the regulations relating to banks, issued in terms of the Banks Act, 94 of 1990. This report is available on the group?s website: www.nedbankgroup.co.za in the Investor Information Hub section.





28-Feb-2017
(Official Notice)
The boards of Nedbank Group and Nedbank Ltd. (?the Companies?) advisex that as a result of increasing time constraints from their respective overseas and local business commitments, Tom Boardman and David Adomakoh have notified the boards of their intention to resign as independent non-executive directors with effect from the close of Nedbank Group Ltd.?s Annual General Meeting on Thursday, 18 May 2017.



In accordance with our board succession plans, the Nedbank Ltd. and Nedbank Group boards have been engaging with potential new board candidates, and their appointments are currently being progressed through the required internal and regulatory processes and will be announced as soon as the necessary approvals are in place.
28-Feb-2017
(C)
Interest and similar income for the year jumped 21.7% to R73.395 billion (2015: R60.289 billion), operating income rose by 11.1% to R45.375 billion (2015: R40.844 billion), profit attributable to equity holders of the parent lowered by 5.5% to R10.132 billion (2015: R10.721 billion), while headline earnings per share grew by 5.1% to 2 400 cents per share (2015: 2 284 cents per share).



Final-dividend declaration

Notice is hereby given that a final dividend of 630 cents per ordinary share has been declared, payable to shareholders for the year ended 31 December 2016. The dividend has been declared out of income reserves.



Prospects

Nedbank Group's guidance on financial performance for the full year 2017 is as follows:

- Average interest-earning banking assets to increase slightly ahead of nominal GDP growth.

- NIM to be slightly above the 2016 rebased level of 3,54%.

- CLR to increase, but to remain below the mid-point of our target range of 60 ? 100 bps.

- NIR, excluding fair-value adjustments, to grow at upper single digits.

- Associate income, including ETI's earnings likely to remain volatile and uncertain (reported quarterly in arrear).

- Expenses to increase by mid-to-upper single digits.



The group's financial guidance is for growth in DHEPS for the full 2017 year to be greater than growth in nominal GDP (consumer price index plus GDP growth).
07-Oct-2016
(Official Notice)
The boards of Nedbank Group and Nedbank ("the Companies") announced the appointment of Mr Rob Leith as a non-executive director of the Companies with effect from 13 October 2016.
02-Sep-2016
(Official Notice)
Nedbank Group announced the resignation of Sandile Shabalala, Managing Executive of Business Banking with immediate effect. Sandile reported to Ciko Thomas, the Group Managing Executive for Nedbank Retail and Business Banking, and was a member of our Group Executive Committee.



Ciko will assume direct leadership responsibility for Business Banking until the successor is appointed. Nedbank Group has a deep pool of talent in Nedbank and the internal process to identify Sandile?s replacement is well underway.
01-Aug-2016
(C)
Net interest income rose to R13 billion (R11.7 billion). Profit from operations jumped to R8 billion (R6.9 billion). Profit attributable to equity holders grew to R5.4 billion (R5.3 billion). Furthermore, headline earnings per share increased to 1 135 cents per share (1 128 cents per share).



Interim dividend

Notice is hereby given that a gross interim dividend of 570 cents per ordinary share has been declared, payable to shareholders for the six months ended 30 June 2016.



Prospects

Our guidance on financial performance for the full year is now as follows:

*Average advances to grow at mid-to-upper single digits.

*NIM to be slightly above the 2015 level of 3,30%.

*CLR to be below the midpoint of our target range of 60 bps to 100 bps.

*NIR (excluding fair-value adjustments) to grow above mid-single digits.

*Expenses to increase by mid-to-upper single digits.



Our financial guidance for organic growth in diluted HEPS in 2016 and our medium- to-long-term targets remain unchanged. We expect growth in diluted HEPS in 2016 to be positive, but lower than the growth achieved in 2015 and below our medium-to- long-term target of consumer price index plus GDP growth plus 5%.
05-May-2016
(Official Notice)
Shareholders are advised of the voting results for the annual general meeting (?AGM?) of Nedbank Group held at the registered offices of the Group on Thursday, 5 May 2016.



Based on the voting results, all resolutions were passed by the requisite majority of Nedbank Group shareholders present in person or represented by proxy at the AGM.





05-May-2016
(Official Notice)
14-Apr-2016
(Official Notice)
Following the implementation of Basel III, the contribution of Nedbank?s Preference Shares to the group?s capital adequacy ratios has reduced due to the ?grandfathering? provisions provided for in the Basel III transitional requirements.



Accordingly shareholders are hereby advised that Nedbank Group has authority to purchase Nedbank Preference Shares.
31-Mar-2016
(Official Notice)
Further to the published Nedbank Group and Nedbank Ltd. audited financial results for the year ended 31 December 2015, shareholders are advised that the Nedbank Group integrated report and the Nedbank Ltd. annual report, which contain the annual financial statements, have been sent to shareholders and are available online on the group?s website (www.nedbankgroup.co.za).



No change statement

The Nedbank Group and Nedbank Ltd. annual financial statements contain no changes to the audited financial results which were published on 2 March 2016. The annual financial statements were audited by Nedbank Group and Nedbank Ltd.?s auditors, KPMG Inc and Deloitte - Touche. Their unqualified report is available for inspection at the group?s registered office.



Confirmation of annual general meeting

Shareholders are advised that Nedbank Group?s annual general meeting will be held on Thursday, 5 May 2016, in the auditorium, Nedbank 135 Rivonia Campus, 135 Rivonia Road, Sandown, Sandton at 08:30 and that Nedbank Ltd.?s annual general meeting will be held on Wednesday, 4 May 2016, in the Executive Boardroom, Ground Floor, Block A, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 16:30. The notices of the annual general meetings for the respective companies are contained in the aforementioned integrated and annual reports.



The annual general meetings of Nedbank Group and Nedbank Ltd. are to be participated in and voted at by ordinary shareholders recorded in the companies? securities register on the record date of Friday, 29 April 2016 and Friday, 22 April 2016 respectively.



Pillar 3 capital adequacy disclosure at 31 December 2015

Nedbank Group and Nedbank Ltd. have released their Pillar 3 Basel III Public Disclosure Report, required by regulation 43 of the South African banking regulations. This report is available on the group?s website: www.nedbankgroup.co.za in the Investor Information Hub section.
24-Mar-2016
(Official Notice)
The boards of Nedbank Group and Nedbank Ltd. (?the Companies?) announced the appointment of Mr Errol Melville Kruger as an independent non-executive director of the Companies with effect from 1 August 2016.
11-Mar-2016
(Official Notice)
07-Mar-2016
(Official Notice)
Nedbank Group shareholders are referred to the announcement released by Old Mutual plc (?Old Mutual?) on Monday 7 March 2016. The full text of this announcement is detailed below:



?Old Mutual plc (?Old Mutual?) notes the press speculation on Saturday 5 March 2016. When our new Chief Executive Bruce Hemphill joined on 1 November 2015, we announced that we would be conducting a strategic review. We can confirm that all options for the strategic review are being considered but no decision has yet been made. Old Mutual is due to announce its preliminary results for 2015 on 11 March 2016 and will provide an update on the strategic review at that time.?



Nedbank Group and Old Mutual have a longstanding commercial relationship that is a source of value underpinning the successful collaboration activities both in South Africa and the Rest of Africa. Old Mutual and Nedbank have been engaging collaboratively as part of the ongoing strategic review being conducted by Old Mutual under its new Chief Executive.



Nedbank Group shareholders are advised to exercise caution when dealing in Nedbank Group securities until an update on Old Mutual?s strategic review is provided on 11 March 2016.
02-Mar-2016
(C)
Net interest income improved to R23.9 billion (R23 billion) and operating income increased to R40.8 billion (R38.8 billion). Profit for the year attributable to ordinary shareholders of the company climbed to R10.7 billion (R9.8 billion), while headline earnings per share was stronger at 2 284cps (2 127cps).



Dividend

Notice is hereby given that a gross final dividend of 570 cents per ordinary share has been declared, payable to shareholders for the year ended 31 December 2015. The dividend has been declared out of income reserves.



Prospects

Our guidance on financial performance for the full 2016 year is as follows:

*Advances to grow at mid-to-upper single digits.

*NIM to be in line with the 2015 level of 3,30%.

*CLR to be within the revised through-the-cycle target range of 60 to 100 bps.

*NIR (excluding fair-value adjustments) to grow above mid-single digits, prior to the consolidation of Banco ?nico.

*Expenses to increase by mid to upper-single digits, prior to the consolidation of Banco ?nico.



In the current environment forecast risk remains elevated and as a result our guidance for performance in the year ahead is harder to formulate. In this context we currently forecast that growth in DHEPS for 2016 will be lower than the growth we achieved in 2015 and below our medium-to-long-term target of consumer price index + GDP growth + 5%. Given the increased forecast risk, we will update this guidance at the time of our June 2016 results.



Our medium-to-long-term targets remain unchanged, with the exception of the CLR through-the-cycle target range, which changed to between 0,6% and 1,0% from 0,8% and 1,2% of banking advances. The lower range reflects the change in advances mix towards a higher proportion of wholesale advances, as well as the change in mix within Nedbank Retail towards a lower proportion of personal loans. At its peak, personal loans was 4,2% of total gross advances and this has now reduced to 2,7%.The group's cost of equity for 2016 has been increased from 13,0% to 15,0% to capture the higher cost of capital imputed by the increase in the SA long-bond yield during late 2015. We will take cognisance of this significant change in the cost of equity and during 2016 we will review our medium-to-long -term target for ROE (excluding goodwill), being cost of equity + 5%.
26-Feb-2016
(Official Notice)
Further to the previous announcement by Old Mutual plc regarding the stepping down of Mr Paul Hanratty as Chief Operating Officer, the boards of Nedbank Group and Nedbank Ltd. ('the companies') advise that Mr Paul Hanratty will end his term as a non-executive director of the companies on 12 March 2016.
14-Dec-2015
(Official Notice)
Shareholders and noteholders are referred to Fitch Ratings? press release on 11 December 2015 and ratings action on the South African banks, including the ratings of Nedbank Group and Nedbank. Fitch Ratings has downgraded the group and Nedbank?s long-term currency ratings by one notch to BBB- (from BBB) with a stable outlook; and affirmed our national ratings at AA (zaf). The group wishes to highlight that this ratings action follows that of the South African sovereign which was downgraded on 4 December 2015 and references Fitch Ratings? assessment of the industry as a whole and is not specific to Nedbank. The ratings actions are as follows:



Nedbank Group Ltd.:

- Long-term foreign currency IDR: downgraded to ?BBB-? from 'BBB'; Outlook Stable

- Long-term local currency IDR: downgraded to ?BBB-? from 'BBB'; Outlook Stable

- Short-term foreign currency IDR: affirmed at 'F3'

- Viability Rating: downgraded to ?bbb-? from 'bbb'

- Support Rating: affirmed at '2'

- National Long-term rating affirmed at 'AA(zaf)'; Outlook Stable

- National Short-term rating affirmed at 'F1+(zaf)'



Nedbank Ltd.:

- Long-term foreign currency IDR: downgraded to ?BBB-? from 'BBB'; Outlook Stable

- Long-term local currency IDR: downgraded to ?BBB-? from 'BBB'; Outlook Stable

- Short-term foreign currency IDR: affirmed at 'F3'

- Viability Rating: downgraded to ?bbb-? from 'bbb'

- Support Rating: affirmed at '2' National

- Long-term rating affirmed at 'AA (zaf)'; Outlook Stable
23-Nov-2015
(Official Notice)
The boards of Nedbank Group and Nedbank (?the Companies?) announces the appointment of Mr Bruce Hemphill as a non-executive director of the Companies with effect from 25 November 2015.



Mr Hemphill, aged 52, was appointed as the Group Chief Executive of Old Mutual plc (Nedbank Group?s ultimate holding company) on 1 November 2015. From February 2014 to October 2015 he was Chief Executive of Wealth, Insurance and Non-Bank Financial Services at Standard Bank Group. Prior to that (June 2006 to February 2014) he was Chief Executive of Liberty Group, an African financial services group listed on the JSE, where he led Liberty on an extensive transformation and growth path while delivering significant value to shareholders.

03-Nov-2015
(Official Notice)
02-Nov-2015
(Official Notice)
21-Oct-2015
(Official Notice)
The boards of Nedbank Group and Nedbank Ltd. (?the Companies?) advised that Mr Julian Roberts will be stepping down as a non-executive director on 31 October 2015 following his retirement from Old Mutual plc.
23-Sep-2015
(Official Notice)
The boards of directors of Nedbank announced the appointment of Mr Stanley Subramoney (56), BCompt(Hons) CA(SA) [retired partner at PricewaterhouseCoopers (?PwC?)], as an independent non-executive director with immediate effect.



Stanley qualified as a Chartered Accountant (SA) in 1987 and was appointed audit partner at PwC, serving a number of the firm?s large clients both in the public and private sectors. During his 27 years in the audit profession as audit partner and later as member of the Exco of PwC he led large and complex assignments, attended audit committee meetings of key clients, was the technical partner, trained board and audit committee members on the roles and responsibilities of the board and on governance, and gained valuable experience across the various sectors. He represented the southern African firm in a number of PwC?s African and global structures. These roles provided Stanley with a wide international view and exposure to global clients.



At the age of 42 he was appointed Deputy CEO for PwC Southern Africa and member of the southern Africa executive committee. During his time as the strategy leader for PwC Southern Africa, Stanley led the Government and Public Sector Industry Group for Southern Africa.



He was the Chairman of Business Skills for South Africa Foundation, a non-profit organisation that has provided business skills training to over 18 000 entrepreneurs from disadvantaged communities. He is Chairman of the Nepad Business Foundation ? a Pan-African business foundation that seeks to put Africa on a path of sound sustainable economic development. He is also on the board of Business Unity South Africa (?BUSA?) and Chairman of its audit committee.



Stanley opted to take early retirement from PwC to explore other business interests.
04-Aug-2015
(C)
Net interest income rose to R11.7 billion (R11.3 billion). Profit from operations jumped to R6.9 billion (R6.4 billion). Profit attributable to equity holders grew to R5.3 billion (R4.6 billion). Furthermore, headline earnings per share increased to 1128 cents per share (992 cents per share).



Interim dividend

Notice is hereby given that a gross interim dividend of 537 cents per ordinary share has been declared, payable to shareholders for the six months ended 30 June 2015. The dividend has been declared out of income reserves.



Prospects

Guidance on financial performance for the full year is as follows:

*Advances to grow above mid-single digits.

*NIM to be slightly below the level reported in the 2015 interim results of 3,36%.

*CLR to be at the lower end of the through-the-cycle target range of 80 bps to 120 bps.

*NIR (excluding fair-value adjustments) to grow above mid-single digits.

*Expenses to increase above mid-single digits.
16-Jul-2015
(Media Comment)
Business Day reports that Nedbank became the first bank in South Africa to offer a data analytics tool. Market Edge, will record the behaviour of customers providing insight into their spending patterns, income segmentation, age and gender demographics. Businesses will also be able to view customer' transaction history to improve product development. Head of Nedbank emerging payments, strategy and regulatory, Mr Chris Wood, said: "For merchants, this tool will enable them to understand the market as well as their customers. Packaging big data as a service to customers is one of the many ways of challenging traditional business models and product offerings. Many businesses seek transactional or behavioural data about their clients using surveys or other data-capturing methods to build up a view." Nedbank's card accepting businesses will be able to implement the use of Market Edge.
12-May-2015
(Official Notice)
Shareholders are advised that the voting results for the annual general meeting (?AGM?) of Nedbank Group held at the registered offices of the Group on Monday, 11 May 2015 , all resolutions were passed by the requisite majority of Nedbank Group shareholders present in person or represented by proxy at the AGM.
11-May-2015
(Official Notice)
11-May-2015
(Official Notice)
31-Mar-2015
(Official Notice)
Further to the published Nedbank and Nedbank Ltd. audited financial results for the year ended 31 December 2014, shareholders are advised that the Nedbank integrated report and the Nedbank Ltd. annual report, which contain the annual financial statements, have been dispatched to shareholders on 31 March 2015. The annual financial statements are also available online on the group?s website (www.nedbankgroup.co.za).



No change statement

The Nedbank and Nedbank Ltd. annual financial statements contain no changes to the audited financial results which were published on 23 February 2015. The annual financial statements were audited by Nedbank and Nedbank Ltd.?s auditors, KPMG Inc and Deloitte - Touche. Their unqualified report is available for inspection at the group?s registered office.



Confirmation of annual general meeting

Shareholders are advised that Nedbank?s annual general meeting will be held on Monday, 11 May 2015, in the auditorium, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 08:30 and that Nedbank Ltd.?s annual general meeting will be held on Thursday, 7 May 2015, in the Executive Boardroom, Ground Floor, Block A, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 15:00. The notices of the annual general meetings for the respective companies are contained in the aforementioned integrated and annual reports.



The annual general meetings of Nedbank and Nedbank Ltd. are to be participated in and voted at by shareholders recorded in the companies? securities register on the record date of Thursday, 30 April 2015.



Pillar 3 Capital Adequacy Disclosure at 31 December 2014

Nedbank and Nedbank Ltd. have released their Pillar 3 Basel III Public Disclosure Report, required by regulation 43 of the South African banking regulations. This report is available on the group?s website: www.nedbankgroup.co.za under the Financial Information - Pillar 3 disclosure section.
27-Mar-2015
(Official Notice)
Following the Old Mutual Group announcement that Dave Macready (56), currently Managing Executive of Nedbank Wealth, has been appointed as the Chief Executive of Old Mutual South Africa from 1 May 2015 reporting to Ralph Mupita (Chief Executive of Old Mutual Emerging Markets), we are pleased to announce that in line with Nedbank's succession planning processes, Iolanda Ruggiero (44) has been appointed as Managing Executive of Nedbank Wealth. Iolanda will take up this position with effect from 1 May 2015 and also join the Nedbank Exco, subject to regulatory approval.



Iolanda joined Nedbank in 2002 and has held senior management positions within Nedcor Investment Bank and Nedbank Retail. In 2006 Iolanda was appointed as Chief Operating Officer of Nedbank Wealth. Under her direction, the Insurance, Asset Management and Wealth Management businesses were amalgamated to create the Nedbank Wealth cluster. Iolanda was also directly involved in the acquisition of full ownership of BoE Private Clients, Nedgroup Life and Fairbairn Private Bank which have all been seamlessly integrated into the Wealth cluster. She is a graduate from the University of Stellenbosch and has completed the Advanced Management Programme at INSEAD.
23-Feb-2015
(Official Notice)
23-Feb-2015
(C)
Net interest income improved to R23 billion (R21.2 billion) and operating income increased to R38.8 billion (R35 billion). Profit for the year attributable to ordinary shareholders of the company climbed to R9.8 billion (R8.6 billion), while headline earnings per share was stronger at 2 127cps (1 884cps).



Dividend

Notice is hereby given that a gross final dividend of 568 cents per ordinary share has been declared, payable to shareholders for the year ended 31 December 2014. The dividend has been declared out of income reserves..



Prospects

Our guidance on financial performance for the full 2015 year is as follows:

*Advances to grow at mid-single digits.

*NIM to be below the 2014 level of 3,52%.

*CLR to be at the lower end of the through-the-cycle target range of 80 to 120 basis points.

*NIR (excluding fair-value adjustments) to grow above mid-single digits.

*Expenses to increase above mid-single digits.



Although forecast risk remains high, for the year ahead we once again expect organic growth in DHEPS to be above nominal GDP growth.

13-Jan-2015
(Official Notice)
The boards of Nedbank Group and Nedbank (?the companies?) announced the appointment of Mr Vassi Naidoo (59) as a non-executive director and Chairman-designate of the companies.



Vassi Naidoo?s appointment as a non-executive director of the companies will be effective from 1 May 2015 and the boards of Nedbank Group and Nedbank have resolved to elect Vassi as Chairman of the companies immediately following the conclusion of the Nedbank Group annual general meeting (?AGM?) scheduled to be held on 11 May 2015.



Dr Reuel Khoza, the current Chairman, reached his nine-year term in August 2014 and in line with Nedbank Group policy retires at the close of the AGM on 11 May 2015.



The appointment of Vassi follows a robust succession planning process for the Chairman that commenced in 2013 and was led by Malcolm Wyman, Nedbank Group?s Lead Independent Director.



Vassi has also agreed to join the Old Mutual plc board as a non-executive director with effect from 1 May 2015. In line with the recommendations of King 3, Malcolm Wyman will remain the Lead Independent Director of Nedbank Group and Nedbank as a result of Vassi being a non-executive, but not independent, Chairman.



Vassi retired from Deloitte?s London office on 30 November 2014.
09-Dec-2014
(Official Notice)
Nedbank is pleased to announce the following appointments to its Group

Executive Committee (?Group Exco?).



Priya Naidoo (41) has been appointed to the Group Executive Committee with effect from 1 January 2015 and will succeed John Bestbier, Group Executive for Strategic Planning and Economics, on his scheduled retirement date of 30 June 2015.



Following the appointment of Trevor Adams as Chief Risk Officer on 1 August 2014, Mike Davis (43) has been appointed as Group Executive: Balance Sheet Management with effect from 1 January 2015.



Priya, a Chartered Accountant, joined the Nedbank Corporate executive committee in 2007 as the Executive Head of Finance and took on the strategy role from 2010. She joined the Group in 2001 in the Corporate Banking division where she was responsible for margin management, asset pricing, and client value management. She progressed her career to take responsibility for financial management, including exposure to asset and liability management and treasury functions. She has considerable experience and a track record of continuous value-add in entrenching solid financial and strategic disciplines in Nedbank Corporate. Priya completed the Advanced Management Programme at INSEAD in 2011.



Mike served his articles at Deloitte and qualified as a Chartered Accountant in 1997. In the same year, he joined the Group and started his career in Asset - Liability Management. He is currently the Executive Head of the Group?s Asset, Liability - Capital Management function. Mike has 18 years of related experience in Balance Sheet Management, Capital Management, Liquidity Risk Management, Interest Rate Risk in the Banking Book and Funds Transfer Pricing methodology. He is a member of the Group?s ALCO - Executive Risk Committee. He completed the Advanced Management Programme at INSEAD in 2006.

26-Nov-2014
(Official Notice)
Nedbank announced that Nedbank Capital and Corporate will be integrated into a single client-facing, wholesale business cluster. This newly formed cluster will offer the full spectrum of wholesale products under one brand and one leadership team.



Brian Kennedy, who has been Managing Executive of Nedbank Capital since its formation in 2003 will be accountable for the combined wholesale business, including the implementation of the business structure and operating model with effect from 1 January 2015. At the group's interim results it was announced that Mfundo Nkuhlu who was previously Managing Executive of Nedbank Corporate was appointed as an Executive Director and Chief Operating Officer from 1 January 2015.

28-Oct-2014
(Official Notice)
In terms of Regulation 43(1)(e)(ii) of the Banks Act 94 of 1990 (as amended) ("the Regulation"), the group is required to disclose information on its capital adequacy ratios on a quarterly basis. This is in accordance with Pillar III of the Basel Accord. Certain of the information required to be disclosed in terms of the Regulation is included in Nedbank Group's Third Quarter 2014 Trading Update. The group remains well capitalised with capital ratios exceeding Basel III minimum regulatory requirements and within internal Basel III targets. Following the payment of the interim dividend in September 2014, the common equity tier 1 ratio was at 11.9% (Q3 2013: 11.6%), the tier 1 capital ratio at 12.8% (Q3 2013: 12.9%) and total capital ratio at 14.6% (Q3 2013: 14.7%).
27-Oct-2014
(Official Notice)
02-Oct-2014
(Official Notice)
20-Aug-2014
(Official Notice)
08-Aug-2014
(Official Notice)
Shareholders are advised that Paul Hanratty has been appointed as a non-executive director of Nedbank and Nedbank-p with effect from 8 August 2014.
07-Aug-2014
(Official Notice)
Shareholders are advised that at the general meeting of Nedbank Group held today, all the ordinary and special resolutions were approved by shareholders present in person or represented by proxy as follows:

*Ordinary resolution 1 regarding the election of Dr MA Matooane as an independent non-executive director of Nedbank Group with a 99,94% majority;

*Ordinary resolution 2 regarding the election of Mr BA Dames as an independent non-executive director of Nedbank Group with a 99,94% majority;

*Special resolution number 1 regarding the creation of 1 000 000 new cumulative redeemable non-participating preference shares in Nedbank Group, to be issued for general funding purposes, with a 98,55% majority;

*Special resolution number 2 regarding amendments to the memorandum of incorporation of Nedbank Group, to give effect to the creation of the new preference shares, with a 98,56% majority; and

*Special resolution number 3 regarding the specific repurchase of 14 715 049 Nedbank Group ordinary shares at a price of R229,65 per share with a 100% majority.
05-Aug-2014
(C)
Net interest income rose to R11.3 billion (R10.3 billion). Profit from operations jumped to R6.4 billion (R5.5 billion). Profit attributable to equity holders grew to R4.6 billion (R3.9 billion). Furthermore, headline earnings per share increased to 992 cents per share (852 cents per share).



Interim dividend

Notice was given that a gross interim dividend of 460 cents per ordinary share has been declared, payable to shareholders for the six months ended 30 June 2014. The dividend has been declared out of income reserves.



Prospects

Nedbank's updated guidance on financial performance for the full year is as follows:

* Advances to grow at mid-to-upper single digits.

* NIM to be slightly below the 2013 level of 3,57%.

* CLR to improve from the 2013 level, to below the mid-point of the through-the-cycle target range of 80 to 120 bps.

* NIR (excluding fair-value adjustments) to grow at low-to-mid single digits.

* Expenses to increase by mid-to-upper single digits.



The group's financial guidance for organic growth in diluted HEPS in 2014 to be greater than nominal GDP growth remains unchanged as communicated at the 2013 annual results presentation. The medium-to-long-term targets also remain unchanged
01-Aug-2014
(Official Notice)
Nedbank announced the following changes to its Group Executive Committee (Group Exco).



Graham Dempster, the current Chief Operating Officer (COO) and an Executive Director, reaches normal retirement age in May 2015. The COO portfolio comprises Group Technology, Balance Sheet Management, Group Strategy, Group Marketing Communications and Corporate Affairs, Group Human Resources and the rest of Africa businesses.



In anticipation of Graham?s retirement and in line with the group?s succession plans, Mfundo Nkuhlu, currently Managing Executive: Nedbank Corporate, will be appointed as COO from 1 January 2015. Subject to regulatory approval, Mfundo will also be appointed as an executive director to the Nedbank and Nedbank Ltd. Boards. From 1 January 2015 Graham will work alongside Mfundo and lead our strategically important activities in the rest of Africa. Graham will remain an executive director until his retirement date. The succession process for the role of Managing Executive: Nedbank Corporate will be completed prior to Mfundo taking up his new role on 1 January 2015.



Philip Wessels, currently the Chief Risk Officer (CRO), has been appointed as Managing Executive: Retail and Business Banking with effect from 1 August 2014, following Ingrid Johnson?s appointment as Group Finance Director of Old Mutual plc.



Trevor Adams, currently Group Managing Executive: Balance Sheet Management will take over as Chief Risk Officer with effect from 1 August 2014, replacing Philip. The process of appointing a replacement for Trevor in his role as Group Managing Executive: Balance Sheet Management will commence shortly.
09-Jul-2014
(Official Notice)
Shareholders are advised that a circular, together with a notice of general meeting, relating to:

*the creation of new preference shares for general funding purposes;

*consequential amendments to the Memorandum of Incorporation for the purpose of creating the new preference shares;

*a specific repurchase of treasury shares currently held by a subsidiary of Nedbank Group, as announced on 3 July 2014 ; and

*the election of those directors appointed by the Nedbank Group board since the annual general meeting held on 13 May 2014, as required by Nedbank Group?s Memorandum of Incorporation, has been posted today.



The general meeting convened in terms of the notice of general meeting incorporated in the abovementioned circular, will be held in the Auditorium, Retail Place West, Nedbank 135 Rivonia Campus, 135 Rivonia Road, Sandown, Sandton at 08:00 SA time on Thursday, 7 August 2014. The record date to determine the holders of Nedbank Group shares entitled to participate in and vote at the general meeting is Friday, 1 August 2014.

03-Jul-2014
(Official Notice)
30-Jun-2014
(Official Notice)
The boards of directors of Nedbank and Nedbank Ltd. announce the appointment of Mr Brian Anthony Dames as an independent non-executive director with immediate effect.
30-Jun-2014
(Official Notice)
On 14 May 2014, at the time of announcing Ingrid Johnson's appointment as Finance Director of Old Mutual Plc, the group indicated its intention to announce the successor for the role of Nedbank Group Managing Executive: Retail and Business Banking by 30 June 2014.



Good progress has been made and the group has completed the interview process from the internal list of candidates which highlighted the talent within Nedbank. The group is in the process of finalising the appointment as well as reviewing possible consequential moves that may arise.



Nedbank now expects to announce the successful candidate on or before the group's interim results presentations scheduled for 5 August 2014.
20-Jun-2014
(Official Notice)
Following the lowering of the foreign currency ratings on the Republic of South Africa on Friday, 13 June 2014 by Fitch and Standard - Poor's, the two rating agencies have taken a number of rating actions on South African banks, including the ratings of Nedbank Group and Nedbank Ltd. Fitch's ratings are applicable to both Nedbank Group and Nedbank Limited and Standard - Poor?s ratings are applicable to Nedbank Ltd. The specific rating changes are as follows:



Fitch Ratings - Nedbank Group Ltd.:

* Long-term foreign currency IDR: affirmed at 'BBB'; Outlook revised to Negative from Stable

* Long-term local currency IDR: affirmed at 'BBB'; Outlook revised to Negative from Stable

* Short-term foreign currency IDR: affirmed at 'F3'

* Viability Rating: affirmed at 'bbb'

* Support Rating: affirmed at '2'

* National Long-term Rating: affirmed at 'AA(zaf)'; Outlook Stable

* National Short-term Rating: affirmed at 'F1+(zaf)'



Nedbank Ltd.:

* Long-term foreign currency IDR: affirmed at 'BBB'; Outlook revised to Negative from Stable

* Long-term local currency IDR: affirmed at 'BBB'; Outlook revised to Negative from Stable

* Short-term foreign currency IDR: affirmed at 'F3'

* Viability Rating: affirmed at 'bbb'

* Support Rating: affirmed at '2'

* National Long-term Rating: affirmed at 'AA(zaf)'; Outlook Stable

* National Short-term Rating: affirmed at 'F1+(zaf)'

* Senior unsecured notes: Long-term rating affirmed at 'BBB', Short-term rating affirmed at 'F3'

* Senior unsecured notes: National Long-term rating affirmed at 'AA(zaf)'

* Subordinated notes: affirmed at 'BBB-'

12-Jun-2014
(Official Notice)
Nedbank announced that the acquisition of a 36.4% stake in Banco ?nico has been completed. All the conditions precedent have now been fulfilled.
15-May-2014
(Official Notice)
The boards of directors of Nedbank and Nedbank Ltd. announced the appointment of Dr Mantsika Amelia Matooane as an independent non-executive director with immediate effect.
14-May-2014
(Official Notice)
Nedbank, a subsidiary of the Old Mutual Group, announces that Ingrid Johnson, who is currently Group Managing Executive of Nedbank Retail and Business Banking, has been appointed as the Group Finance Director of Old Mutual plc and will succeed Philip Broadley with effect from 1 July 2014.



Nedbank has an excellent leadership team and a strong succession pipeline. The group has initiated the process to announce Ingrid's successor well before 1 July 2014.
14-May-2014
(Official Notice)
Quarterly Report in terms of Regulation 43(1)(e)(ii) of the Banks Act 94 of 1990 (as amended) ("the Regulation"). Certain of the information required to be disclosed in terms of the Regulation is included in Nedbank's trading update for the three month period to 31 March 2014, issued on 13 May 2014, and the additional capital adequacy information detailed in the relevant SENS note should be read in conjunction with the trading update.
13-May-2014
(Official Notice)
Shareholders are advised that at the annual general meeting of Nedbank held on Tuesday, 13 May 2014, all the ordinary resolutions and special resolutions were passed by the requisite majority of shareholders, present in person or represented by proxy.
13-May-2014
(Official Notice)
31-Mar-2014
(Official Notice)
Further to the published Nedbank and Nedbank Ltd. ("Nedbank-p") audited financial results for the year ended 31 December 2013, shareholders are advised that the Nedbank integrated report and the Nedbank-p annual report, which contain the annual financial statements, have been dispatched to shareholders on 31 March 2014. The annual financial statements are also available online on the group's website (www.nedbankgroup.co.za).



No change statement

The Nedbank and Nedbank-p annual financial statements contain no changes to the audited financial results which were published on 24 February 2014.



Confirmation of annual general meeting

Shareholders are advised that Nedbank's annual general meeting will be held on Tuesday, 13 May 2014, in the auditorium, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 08:30 and that Nedbank-p's annual general meeting will be held on Monday, 12 May 2014, in the Executive Boardroom, Ground Floor, Block A, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 15:00. The notices of the annual general meetings for the respective companies are contained in

the aforementioned integrated and annual reports.



The annual general meetings of Nedbank and Nedbank-p are to be participated in and voted at by shareholders recorded in the companies' securities register on the record date of Friday, 2 May 2014.



Pillar 3 capital adequacy disclosure at 31 December 2013

Nedbank and Nedbank-p have released their Pillar 3 Basel III Public Disclosure Report, required by regulation 43 of the South African banking regulations. This report is available on the group's website: www.nedbankgroup.co.za under the Financial Information - Pillar 3 disclosure section.
13-Mar-2014
(Official Notice)
Nedbank shareholders were referred to the declaration of dividend as set out in the 2013 financial results announcement released on SENS on 24 February 2014. Shareholders are hereby advised that due to the increasing levels and sophistication of cheque fraud being perpetrated, the Nedbank final dividend payable on Monday, 7 April 2014 will be paid to shareholders by means of electronic funds transfer only.



Nedbank shareholders were previously advised by the transfer secretaries that Nedbank dividends will no longer be posted by cheque to shareholders. Shareholders who have not yet provided their bank account details to Computershare Investor Services (Pty) Ltd. are reminded to contact Computershare on 0861 100 930/933 with their bank account details into which the Nedbank ordinary dividends can be paid electronically.
24-Feb-2014
(C)
Net interest income improved to R21.2 billion (R19.7 billion) and operating income increased to R35 billion (R31.8 billion). Profit for the year attributable to ordinary shareholders of the company climbed to R8.6 billion (R7.4 billion), while headline earnings per share was stronger at 1 884cps (1 640cps).



Dividend

Notice is hereby given that a gross final dividend of 505 cents per ordinary share has been declared, payable to shareholders for the 12 months ended 31 December 2013.



Prospects

In the context of a volatile and uncertain economic outlook forecast risk is high. Against this background the financial performance for 2014 is currently anticipated as follows:

*Advances to grow at mid to upper single digits.

*NIM to remain at levels similar to those of 2013.

*The CLR to be within the new CLR range of 80 to 120 basis points, improving slightly on 2013.

*NIR (excluding fair-value adjustments) to grow at mid to upper single digits, incorporating the 0% transactional fee increase in 2014.

*Expenses to increase at upper single digits.



In the light of the volatile economic conditions the group is currently expecting organic diluted HEPS growth in 2014 to be greater than the growth in nominal GDP. As usual, this will be updated at our interim results presentation. The group's medium-to-long-term targets are highlighted below. Our CLR target range of 0,60% to 1,00% was amended to 0,80% to 1,20% to reflect Nedbank Retail's more prudent provisioning methodologies and asset mix changes. The efficiency ratio target was amended from < 50,0% to a range of 50,0% to 53,0% to reflect the lower-interest-rate pattern and our strategy of investing for growth in the franchise.



21-Feb-2014
(Official Notice)
The boards of directors of Nedbank and Nedbank Ltd. announced the appointment of Mr David Kwame Tandoh Adomakoh as an independent non-executive director with immediate effect.
27-Nov-2013
(Official Notice)
Shareholders were advised that with effect from 1 January 2014, Tom Boardman will be deemed to be an independent non-executive director of Nedbank. On 1 January 2014, three financial years will have ended since Tom was employed by Nedbank in an executive capacity. Tom retired as CE of Nedbank on 28 February 2010 and was appointed as a non-executive director on 1 March 2010.



The board of Nedbank has evaluated all factors that may impair Mr Boardman's independence and is satisfied that he is independent in character and judgement and that he meets the requirements of independence as set out in the King Report on Governance for South Africa.
29-Oct-2013
(Official Notice)
The group remains well capitalised with capital ratios exceeding Basel III minimum regulatory requirements and within revised internal Basel III targets. Following the payment of the interim dividend in September 2013, the common equity tier 1 ratio was at 11.6% (June 2013: 11.0%), the tier 1 capital ratio at 12.9% (June 2013: 13.0%) and total capital ratio at 14.7% (June 2013: 14.8%).
28-Oct-2013
(Official Notice)
Net interest income for the nine months ended 30 September 2013 ("the period") grew by 8.3% to R15 725 million (Q3 2012: R14 523 million) with the net interest margin at 3.58% (Q3 2012: 3.52%) remaining stable since June 2013.



The credit loss ratio at 1.15% (Q3 2012: 1.02%) for the period improved from 1.31% at June 2013.



Non-Interest Revenue (NIR) increased by 14.2% to R14 166 million (Q3 2012: R12 403 million) reflecting slower growth in the quarter. Fee and commissions growth was 14.0%, insurance income grew 14.9% and trading income grew 6.2%. Fair-value adjustments, a volatile contributor to NIR, were a positive R110 million (Q3 2012: Negative R228 million) resulting in NIR before fair value adjustments growing by 11.3%.



Total advances grew 9.7% (annualised) to R566 billion. Excluding trading advances, banking advances growth was 8.5%. Deposits increased 9.4% (annualised) to R590 billion.



The group?s capital adequacy ratios remain well within its respective internal target ranges with the common equity tier 1 ratio at 11.6% following the payment of the interim dividend in September 2013.



Prospects

The group's forecast for gross domestic product (GDP) growth of 2.0% and an average consumer price index (CPI) of 5,9% for 2013 is reflective of continued pressures in the global and domestic economy. The group's financial guidance to meet its medium-to-long-term diluted headline earning per share growth target (being, greater than or equal to GDP plus CPI plus 5%) in 2013 remains unchanged.
14-Aug-2013
(Official Notice)
Shareholders were advised that Thenjiwe Chikane has resigned as an independent non-executive director of Nedbank and Nedbank Group with effect from Tuesday, 13 August 2013.
07-Aug-2013
(Media Comment)
Business Day reported that Nedbank has solidified its relationship with Bank of China after signing a strategic business co-operation agreement with the world's ninth largest bank. Although there are no discussions yet on Bank of China taking a stake in Nedbank, the agreement will put Nedbank in a position to service Chinese corporate customers who bank with the Bank of China and are expanding into Africa. Equally the Bank of China will have an opportunity to service Nedbank clients expanding from Africa to China.
06-Aug-2013
(C)
Net interest income for the interim period ended 30 June 2013 increased by 6.9% to R10.3 billion (2012: R9.6 billion). Profit from operations rose by 8.4% to R5.5 billion (2012: R5 billion), while profit attributable to equity holders of the parent was higher at R3.9 billion (2012: R3.5 billion). Furthermore, headline earnings per share cents grew by 12.4% to 852cps (2012: 758cps).



Interim dividend declaration

Notice is given that a gross interim dividend of 390cps has been declared, payable to shareholders for the six months ended 30 June 2013. The dividend has been declared out of income reserves.



Prospects

Financial performance for the full year as set out below is currently anticipated to remain broadly in line with the guidance communicated in the 2012 annual results, with the exception of the CLR that is now expected to be below the 1.31% in June 2013, but above 1%:

* Advances to grow at mid to upper single digits.

* NIM to remain at levels similar to 2012.

* The CLR to improve from the June 2013 level, but remain above the top end of group's through-the-cycle target range of 60 to 100 basis points.

* NIR (excluding fair-value adjustments) to grow at low double digits and allow the group to meet the medium-to-long-term NIR-to-expense target of more than 85%.

* Expenses to increase by mid to upper single digits.



Nedbank is targeting full-year growth in diluted HEPS to meet our medium-to-long-term target in the context of a tougher-than-expected economic environment and ongoing market volatility.
12-Jun-2013
(Official Notice)
Shareholders are advised that Mr Don Hope will be resigning as a non-executive director of Nedbank and Nedbank-p with effect from 30 June 2013, following his retirement from Old Mutual plc at the end of June 2013.
10-May-2013
(Media Comment)
Business Report noted that Ecobank Transnational ("Ecobank") might discard plans to acquire a 20% stake in Nedbank in 2013 to focus on its business in 33 African countries. CE Theirry Tanoh commented that "when that's done, there's the option with Nedbank." Nedbank also has the right to take a 20% stake in Ecobank from the end of 2013.
06-May-2013
(Media Comment)
Business Day reported that Nedbank was entering the Mozambican market by purchasing stake in Banco Unico, the sixth-largest bank in Mozambique. Head of research at Imara SP Reid, Stephen Meintjes said this was a good move for Nedbank as the bank can service South African clients in Mozambique and also allows the bank to grow in the country. Nedbank managing executive: Rest of Africa Investments, Smit Crouse added that the expansion into Africa is one of the bank's four strategic focus areas.
06-May-2013
(Official Notice)
Certain of the information required to be disclosed in terms of the Regulation is included in Nedbank Group's trading update for the three month period to 31 March 2013. The group's capital ratios remain strong, well above the new Basel III minimum regulatory requirements and well within our revised internal Basel III targets communicated to the market with the 31 December 2012 results.



The group's Common Equity Tier 1 ratio improved to 12,2% in March 2013 (December 2012 Basel II.5: 11,4% and December 2012 proforma Basel III: 11,6%) mainly as a result of continuing organic earnings growth in the quarter, offset to a degree by higher risk weighted assets under Basel III. In addition the group's Tier 1 capital adequacy ratio improved to 13,4% (December 2012 Basel II.5: 12,9% and December 2012 proforma Basel III: 13,1%), as did the Total capital adequacy ratio that improved to 15,4% (December 2012 Basel II.5: 14.9% and December 2012 proforma Basel III: 15,1%), after the phase out of 10% of the existing preference share capital and Tier 2 capital in line with the grandfathering rules under Basel III.

03-May-2013
(Official Notice)
Shareholders are advised that at the general meeting of Nedbank held on Friday, 3 May 2013, all the special resolutions relating to:

*the re-approval of the existing Nedbank South African share schemes in terms of the Companies Act, No 71 of 2008; and

*the adoption of a new memorandum of incorporation ("MOI") to replace the existing MOI of Nedbank,

were passed by the requisite majority of shareholders, present in person or represented by proxy.
03-May-2013
(Official Notice)
Shareholders were advised that at the annual general meeting of Nedbank held on Friday, 3 May 2013, all the ordinary resolutions and special resolutions were passed by the requisite majority of shareholders, present in person or represented by proxy.
03-May-2013
(Official Notice)
10-Apr-2013
(Official Notice)
Shareholders are advised that a circular, incorporating a notice of general meeting, has been posted today setting out details regarding:

*the re-approval of the existing Nedbank Group South African share schemes in terms of the Companies Act, No 71 of 2008; and

*the adoption of a new memorandum of incorporation ("MOI") to replace the existing MOI of Nedbank Group.



The general meeting of shareholders will be held in the Auditorium, Retail Place West, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton on Friday, 3 May 2013 at the later of 09:30 South African time or immediately following the conclusion of the Nedbank Group annual general meeting which will be held at 09:00 South African time. The record date to determine the holders of the Nedbank Group shares entitled to participate in and vote at the general meeting is Friday, 26 April 2013.
28-Mar-2013
(Official Notice)
Further to the published Nedbank and Nedbank Ltd. audited financial results for the year ended 31 December 2012, shareholders are advised that the Nedbank integrated report and the Nedbank Ltd annual report, which contain the annual financial statements, have been dispatched to shareholders on 28 March 2013. The annual financial statements are also available online on the group's website (www.nedbankgroup.co.za).



No change statement

The Nedbank and Nedbank Ltd. annual financial statements contain no changes to the audited financial results which were published on 25 February 2013.



Confirmation of AGM

Shareholders are advised that Nedbank's annual general meeting will be held on Friday, 3 May 2013, in the auditorium, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 09:00 and that Nedbank Ltd.'s annual general meeting will be held on Thursday, 2 May 2013, in the Executive Boardroom, Ground Floor, Block A, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 15:30. The notices of the annual general meetings for the respective companies are contained in the aforementioned integrated and annual report. The annual general meetings of Nedbank and Nedbank Ltd. are to be participated in and voted at by shareholders recorded in the companies' securities register on the record date of Friday, 26 April 2013.



Pillar 3 capital adequacy disclosure

Nedbank and Nedbank Ltd. have released their Pillar 3 Basel II.5 Public Disclosure Report, required by regulation 43 of the South African banking regulations. This report is available on the group's website: www.nedbankgroup.co.za under the Financial Information - Pillar 3 disclosure section.
25-Feb-2013
(C)
Net interest income improved to R19.7 billion (R18 billion) and operating income increased to R31.8 billion (R28.1 billion). Profit for the year attributable to ordinary shareholders of the company climbed to R7.5 billion (R6.2 billion), while headline earnings per share was stronger at 1 646cps (1 365cps).



Dividend

Notice is hereby given that a gross final dividend of 412 cents per ordinary share has been declared, payable to shareholders for the year ended 31 December 2012.



Prospects

In the context of the anticipated economic environment and continued low interest rates in SA, the group's guidance for 2013 is as follows:

*Advances to grow at mid to upper single digits.

*NIM to remain at levels similar to those in 2012.

*The CLR to continue improving into the upper end of the group's through- the-cycle target range.

*NIR (excluding fair-value adjustments) to grow at low double digits, and allow the group to meet the medium-to-long-term NIR-to-expenses target of > 85%.

*Expenses to increase by mid to upper single digits.



The group's medium-to-long-term targets remain unchanged, with the exception of revised targets relating to capital adequacy and dividend cover following finalisation of the SARB's revised guidelines on Basel III capital levels and the new dividend tax regime in SA announced during the year.



20-Feb-2013
(Official Notice)
Following the release of Nedbank Group's third quarter trading update on 29 October 2012, the group continued to perform well in the fourth quarter. Consequently, shareholders are advised that headline earnings per share (HEPS) and basic EPS (EPS) for the year ended 31 December 2012 are expected to be between 18% and 23% higher than the 1 365 cents per share and 1 367 cents per share, respectively, reported for the comparative period to December 2011. The financial information on which this trading statement is based has not been reviewed or reported on by the group?s auditors. Nedbank Group?s results for the year ended 31 December 2012 will be released on SENS on Monday, 25 February 2013.
06-Nov-2012
(Official Notice)
Shareholders were advised that Wendy Lucas-Bull has resigned as a non-executive director of Nedbank and Nedbank Ltd. with effect from Monday, 5 November 2012.
29-Oct-2012
(Media Comment)
According to Business Day, Nedbank announced last week that it had teamed up its private bank offerings under the Nedbank Private Wealth brand. The bank had BoE Private Clients in South Africa and Fairbairn Private Bank internationally for its high net-worth individuals. The bank intends to remove confusion and capitalise on the Nedbank brand through the merger. David Macready, Nedbank Wealth's managing executive said the bank had more than 15 000 high net worth clients and was looking to add more. The big banks have assessed that this market is growing between 10% and 20% annually.
29-Oct-2012
(Official Notice)
The group's capital ratios remained well above current Basel II and forthcoming Basel III minimum regulatory requirements, as well as our internal Basel II targets. The group's Core Tier 1 ratio improved to 10.7% in September 2012 (June 2012: 10.6%) as a result of good organic earnings growth and some RWA optimisation in the quarter, partly offset by the distribution of the interim dividend in September 2012.



In addition the group's Tier 1 ratio improved to 12.2% (June 2012: 12.1%) and Total capital ratio remained strong at 14.3% (June 2012: 14.4%), following the redemption of the NED10 R500 million tier 2 subordinated note that was called and not replaced in August 2012.
29-Oct-2012
(Official Notice)
01-Aug-2012
(C)
Interest and similar income rose 6% to R22.4 billion (2011 H1: R21.0 billion) whilst operating income was higher at R15.2 billion (2011 H1: R13.0 billion). Consequently, profit attributable to equity holders grew to R3.5 billion (2011 H1: R2.8 billion). In addition, headline earnings per share jumped to 761cps (2011 H1: 614cps).



Dividend

The group declared an interim dividend of 340cps.



Prospects

In the light of the group's 2012 forecast for GDP growth and interest rates the group's financial guidance for the full year is currently as follows:

*Advances growth at mid single digits. NIM to increase slightly from the 3.46% level for the 2011 full year.

*NIR (excluding fair-value adjustments) to grow at low double digits, maintaining ongoing improvements in the group's NIR-to-expenses ratio.

*The credit loss ratio to continue improving to within the upper end of the group's target range of 0.60% to 1.00%.

*Expenses, including investing for growth, to increase by mid to upper single digits.

*The group to maintain strong capital ratios and continue to strengthen funding and liquidity in preparation for Basel III.



The group's financial guidance for 2012 as set out above remains largely unchanged from that given earlier in the year, with the exception of an upward revision of the margin, which was previously expected to remain at the December 2011 level of 3.46% and is now anticipated to be slightly above this level.



The South African Reserve Bank is expected to finalise Basel III capital levels for SA banks in the second half of 2012. Once the Basel III capital levels have been set, the group will be in a position to finalise its Basel III capital targets, review the current dividend policy of 2.25 to 2.75 times and communicate this to the market at the release of the 2012 annual results.



Building on the growth momentum from the first half of 2012, the group remains on track to achieve its earnings growth for the year in line with its medium-to-long-term financial target [GDP plus consumer price index (CPI) plus 5%].



Shareholders were advised that this guidance has not been reviewed or reported on by the group's auditors.
27-Jul-2012
(Media Comment)
Nedbank is displaying stable growth of its noninterest and interest income, has improved its previously troubled retail unit and is now one of the top performers for analysts trailing its stock. Nedbank announced on 26 July 2012 that its interim diluted headline and diluted basic earnings per share would be between 21% and 26% higher than the 600c and 598c per share, respectively, achieved during the corresponding period in 2011. The group further said that the robust performance experienced in the first quarter of the year had kept up in the months subsequent to June. Mike Brown, Nedbank CEO reported a 14.9% increase in noninterest revenue to R4.1billion relative to R3.5 billion in the same period last year. Equity analyst at Cadiz Asset management, Andrian Cloete, said the group's update was 'good' and surpassed management's medium- to long-term target of earnings growth of 14%.
26-Jul-2012
(Official Notice)
Following the release of Nedbank's first quarter trading update on 5 May, the group continued to perform well in the second quarter and has made good progress in delivering on its key strategic focus areas. Accordingly, the board is satisfied that a reasonable degree of certainty exists that diluted headline earnings per share ("EPS") and diluted basic EPS for the six months ended 30 June 2012 are expected to be between 21% and 26% higher than the 600 cents per share and 598 cents per share respectively reported for the comparative period to June 2011. Nedbank's results for the six months ended 30 June 2012 will be released on SENS on Wednesday, 1 August 2012.
20-Jul-2012
(Official Notice)
On Thursday, 19 July 2012 Fitch Ratings released a media statement that the credit ratings of Nedbank Group Ltd. ("Nedbank Group") and its 100 percent owned subsidiary, Nedbank Ltd. ("Nedbank") had been upgraded. Nedbank Group and Nedbank's Long-term foreign and local currency Issuer default rating (IDR) ratings had been upgraded to "BBB+" from "BBB". At the same time the Viability Ratings had been upgraded to "bbb+" from "bbb" and the National Long-term rating to "AA(zaf)" from "AA-(zaf)".



Fitch has also upgraded Nedbank's Senior Unsecured Notes and Subordinated Notes. The Senior Unsecured notes Long-term rating were upgraded to "BBB+" from "BBB", and the National Long-term rating was upgraded to "AA(zaf)" from "AA-(zaf)". Nedbank's Subordinated Notes were upgraded to "BBB" from "BBB-". All other ratings of the group and bank have been affirmed. The Outlook on the National ratings remains stable and the Outlook on all the Long-term ratings remains Negative reflecting the uncertain economic environment.
11-Jul-2012
(Media Comment)
Nedbank looks to raise R4 billion from a green savings bond programme allowing clients to invest from just R1 000. Proceeds raised will be dedicated to renewable energy project funding in the country said Mike Peo, infrastructure, energy and telcom head at Nedbank Capital, the group's investment banking division. Nedbank Capital has been offering financial support in South Africa's renewable energy independent power producer programme. The bond will earn South Africans interest of up to 7.5%, providing an investment vehicle with guaranteed returns. By offering a wide range of attractive savings and investment products, Nedbank is able to diversify its funding according to Basel 3 rules which encourage banks not to depend on wholesale funding.
08-Jun-2012
(Official Notice)
Shareholders were advised that Ian David Gladman has been appointed as a non-executive director of Nedbank and Nedbank Ltd. ("Nedbank-p") with effect from 7 June 2012.
08-Jun-2012
(Official Notice)
Further to the announcement released on SENS on 7 May 2012 regarding the retirement of Gawie Nienaber, shareholders are advised that he will retire as group company secretary on 30 June 2012. Thabani Jali has been appointed as group company secretary of both Nedbank and Nedbank Ltd. ("Nedbank-p") with effect from 1 July 2012. Thabani will also retain his position as chief governance and compliance officer. Jackie Katzin has been appointed as deputy group company secretary of Nedbank and Nedbank-p with effect from 1 July 2012.
16-May-2012
(Media Comment)
According to Business Day, no credible foreign buyer of Nedbank has emerged more than year after HSBC ended its attempt to acquire the bank. The UK's Standard Chartered was rumoured to be interested after HSBC declined to purchase the bank, but Patrice Rassou of Sanlam Investment Management says he fails to see the rationale of Standard Chartered acquiring Nedbank despite it been a possibility.
07-May-2012
(Official Notice)
In terms of Nedbank's normal retirement policy, Gawie Nienaber, group company secretary for Nedbank and Nedbank Ltd. ("Nedbank-p") will formally retire from the group on 30 September 2012. An announcement will be made in due course regarding the appointment of a successor to the current group company secretary.
04-May-2012
(Official Notice)
Shareholders are advised that at the annual general meeting of Nedbank Group held on Friday, 4 May 2012, all the ordinary resolutions and special resolutions were passed by the requisite majority of shareholders, present in person or represented by proxy.
04-May-2012
(Official Notice)
The group's capital ratios remained well above current Basel II and anticipated Basel III minimum regulatory requirements, as well as our internal targets. The group implemented Basel II.5 capital criteria, most notably the 6% scaling factor for credit RWA, with effect from 1 January 2012. In line with the pro- forma ratio disclosed to the market, the 2011 year-end core tier 1 ratio decreased to 10,5% (December 2011: 11,0%). Strong organic earnings and continued RWA optimisation during the first quarter resulted in the core tier 1 ratio strengthening to 10,7% at 31 March 2012. In addition, the group's Tier 1 capital adequacy ratio declined to 12,2% (31 December 2011: 12,6%) and Total capital adequacy ratio to 14,6% (31 December 2011: 15,3%), as a result of the reasons discussed above. The group's total capital adequacy ratio was also impacted with the redemption of the R650 million, NED7 Tier 2 subordinated note that was called and not replaced in February 2012, as a result of the group's strong total capital position.
04-May-2012
(Official Notice)
12-Apr-2012
(Media Comment)
Business Day reported that Nedbank's strategy over until 2014 will focus on boosting non-interest revenue, increasing the market share of its retail unit and pursuing growth in Africa. Under the strategy, Nedbank Retail will be repositioned and expansion in Africa will be pursued in order to close the gap with domestic rivals it has on the continent in terms of footprint and market share.
30-Mar-2012
(Official Notice)
Further to the published Nedbank and Nedbank Ltd ("Nedbank-p") audited financial results for the year ended 31 December 2011, shareholders are advised that the Nedbank Group integrated report and the Nedbank-p annual report, which contain the annual financial statements, have been dispatched to shareholders on 30 March 2012. The annual financial statements are also available on the group's website at www.nedbankgroup.co.za on both the front web page and under the financial information tab.



No change statement

The Nedbank and Nedbank-p annual financial statements contain no changes to the audited financial results which were published on 29 February 2012. The annual financial statements were audited by Nedbank and Nedbank-p's auditors, KPMG Inc and Deloitte - Touche.



Confirmation of Nedbank AGM

Shareholders are advised that Nedbank's annual general meeting will be held on Friday, 4 May 2012, in the auditorium, Retail Place West, Nedbank Sandton, 135 Rivonia Road, Sandown at 09:00. The notice of the annual general meeting is contained in the Nedbank integrated report.



Basel II pillar 3 disclosure

Nedbank Group and Nedbank-p have released their Pillar 3 (of Basel II) Public Disclosure Report. This report is available on the group's website as follows: www.nedbankgroup.co.za/financialBaselII.asp.
02-Mar-2012
(Official Notice)
Shareholders are advised that Prof Brian de Lacy Figaji will be retiring as an independent non-executive director of Nedbank and Nedbank-p. with effect from the close of the Nedbank annual general meeting on Friday, 4 May 2012.
29-Feb-2012
(C)
Net interest income improved to R18 billion (R16.6 billion) and operating income increased to R28.1 billion (R23.6 billion). Profit for the year attributable to ordinary shareholders of the company climbed to R6.2 billion (R4.8 billion), while headline earnings per share was stronger at 1 365cps (1 104cps).



Dividend

A final dividend of 340cps has been declared, payable to shareholders for the year ended 31 December 2011.



Prospects

The group is well set for continued growth in 2012, building on the earnings momentum created in 2011 and the focus and success of the delivery on the group`s strategic initiatives. In an uncertain global environment the group's qualities are attractive and should support continued earnings growth. These qualities include: - Being one of the big four SA banks (SA banks were ranked second in the Soundness of Banks category in the World Economic Forum Global Competitiveness Survey).

*A strong, well-capitalised balance sheet with a prudent funding structure and sound liquidity.

*A strong wholesale banking franchise returning high ROEs.

*A strengthened and growing retail franchise.

*A growing wealth business returning high ROEs.

*A demonstrated ability to manage costs judiciously over time.

*A growing primary-client base.

*Sound risk management practices.

*A stable and experienced management team.

*Good staff morale and a values-based culture.



There is potential for further uplift from any acceleration of the economic cycle, as the group NIM should benefit from the positive effect of increased interest rates on endowment income, improved levels of advances growth and the prospect of lower credit loss ratios.
24-Feb-2012
(Official Notice)
Alan Knott-Craig has resigned as an independent non-executive director of Nedbank Group and Nedbank Ltd with effect from 24 February 2012.
06-Feb-2012
(Official Notice)
Nedbank experienced ongoing earnings momentum in the fourth quarter of 2011 underpinned by the group's strategic focus areas of repositioning Nedbank Retail, growing NIR, portfolio tilt and expanding business in the rest of Africa. Overall, this is expected to contribute to strong earnings growth for 2011 in excess of the group's medium-to long-term financial target.



Consequently, shareholders are advised that diluted headline earnings per share ("EPS") and diluted basic EPS for the year ended 31 December 2011 are expected to be between 23% and 28% higher than the 1 069 cents per share and 1 050 cents per share respectively reported for the comparative period to December 2010. Nedbank's results for the year ended 31 December 2011 will be released on SENS on Wednesday, 29 February 2012.
18-Nov-2011
(Official Notice)
The boards of directors of Nedbank and Nedbank Ltd announced the appointment of Mpho Makwana as an independent non-executive director with effect from 17 November 2011.
03-Nov-2011
(Official Notice)
The group's capital ratios remained well above current Basel II and anticipated Basel III minimum regulatory requirements, as well as the group's internal targets. The Core Tier 1 ratio strengthened marginally to 10.8% at 30 September 2011 (June 2011: 10.7%) as a result of profitability and reasonably low growth in risk weighted assets during the quarter, and the payment of the interim ordinary dividend in September 2011. In addition, the group's Tier 1 capital adequacy ratio at 12.5% (June 2011: 12.4%) and total capital adequacy ratio at 15.3% (June 2011: 15.2%) remain strong.
02-Nov-2011
(Official Notice)
14-Sep-2011
(Media Comment)
Business Day reported that Nedbank has been named joint winner in the annual Ernst - Young excellence in corporate reporting survey, with chief financial officer Raisibe Morathi said recognised the decision to adopt global best reporting practices. The banking group which is the fourth largest in SA by customer numbers, was joint winner with miner Gold Fields. The two companies were selected for providing reliable and relevant information in their annual reports.
02-Aug-2011
(Media Comment)
Business Day reported that Nedbank warned of the negative effect on investor confidence of talk of nationalisation, saying it would not help to attract job-creating investment. As the government tries to create 5 million jobs in a decade, the focus should rather be on making SA more attractive to investors, according to Nedbank CEO Mike Brown. "Clearly the debate on nationalisation is not conductive to investment sentiment and the performance of key economic sectors driving growth and job creation,' Mr Brown commented.
01-Aug-2011
(C)
26-Jul-2011
(Official Notice)
On 7 July 2011 the group advised that the board was satisfied that a reasonable degree of certainty existed that diluted headline earnings per share (EPS) and diluted basic EPS for the six month period ended 30 June 2011 would be at least 20% higher than the 475 cents per share and 474 cents per share respectively reported for the comparative period to June 2010. Further to that announcement and having strengthened portfolio impairments in the current economic conditions, the board is now in a position to provide further guidance.



Diluted headline EPS and diluted basic EPS for the six month period ended 30 June 2011 are expected to be between 23% and 28% higher than the 475 cents per share and 474 cents per share respectively reported for the comparative period to June 2010. Nedbank's results for the six months ended 30 June 2011 will be released on SENS on Monday, 1 August 2011.
26-Jul-2011
(Official Notice)
07-Jul-2011
(Official Notice)
In February 2011 Nedbank reported it was well placed for earnings growth in the year ahead and that it remained on track to meet its medium-to long-term financial targets in 2013. In May 2011 the group reported that it had a good first quarter and made strong progress against its strategic objectives, resulting in ongoing improvement in performance, building on the momentum created in the second half of 2010. Accordingly, the board is satisfied that a reasonable degree of certainty exists that diluted headline earnings per share (EPS) and diluted basic EPS for the six month period ended 30 June 2011 will be at least 20% higher than the 475 cents per share and 474 cents per share respectively reported for the comparative period to June 2010. Further guidance will be provided as soon as there is a reasonable degree of certainty in terms of the extent of the expected improvement in performance. Nedbank's results for the six months ended 30 June 2011 will be released on SENS on Monday, 1 August 2011.
04-Jul-2011
(Media Comment)
According to Business Day, Nedbank has been the best performing share of the big four banks in the first six months of this year, while Standard Bank takes the wooden spoon for the largest fall. As of last Friday, Nedbank's shares had grown 13%, Standard Bank was down 6.1%, Absa down 2.4% and FirstRand was 1.5% higher, according to Bloomberg data. Nedbank shares on Friday closed 0.15% higher at R146.50, slightly below the highest peak of R151.51 on April 4.
09-May-2011
(Media Comment)
According to Business Report, Nedbank would focus on growing its non-interest business in the current financial year after seeing a 16.4 percent in this business in the first quarter, the fourth largest local bank said at the weekend. The Old Mutual owned bank reported R3.5 billion on non-interest revenue in the three months to March. It said improved local economic conditions in the first three months of the year, which resulted in stronger consumer spending and improved household disposable income, along with low interest rates, were the largest contributors to the quarterly trade upgrade. Nedbank's head of investor relations, Don Bowden, said the bank had "uplifted systems" to further boost its growing non-interest business. The non-interest business has been there for a long time which has given us time to put better systems in place for the growing demand," he said. Bowden said the first-quarter results were in line with the guidance the company had put in place at the end of 2010, which was a good indication of meeting the 2011 target. He said Nedbank would continue to favour any business that brought economic growth.
06-May-2011
(Official Notice)
As previously advised to shareholders, senior independent non-executive director Chris Ball has retired as a director of Nedbank and Nedbank Ltd ("Nedbank-P") with effect from 6 May 2011, after reaching the mandatory retirement age for directors. The board advised that Malcolm Wyman has been appointed as the senior independent non-executive director and will also succeed Chris as chairman of the group audit committee.
06-May-2011
(Official Notice)
Shareholders were advised that at the annual general meeting of Nedbank held on Friday, 6 May 2011, all the ordinary resolutions and special resolutions were passed by the requisite majority of shareholders. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course. Shareholders representing 78,59% of the issued share capital in Nedbank were present in person or by proxy at the meeting.



Extraordinary general meeting

Shareholders were also advised that at the extraordinary general meeting of Nedbank held on Friday, 6 May 2011, relating to amendments to the scheme rules for the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme, all the ordinary resolutions were passed by the requisite majority of shareholders. Shareholders representing 76,70% of the issued share capital in Nedbank were present in person or by proxy at the meeting.
06-May-2011
(Official Notice)
11-Apr-2011
(Official Notice)
Shareholders are advised that a circular has been posted setting out the relevant information relating to amendments to the Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme ("2005 Share Incentive Scheme"), together with a notice of general meeting.



The general meeting of shareholders will be held on Friday, 6 May 2011, immediately after the AGM scheduled to begin at 9:00 South African time at the company's registered office at 135 Rivonia Road, Sandown, Sandton for the purpose of considering and, if deemed fit, passing the necessary resolutions for the amendments to the 2005 Share Incentive Scheme.

04-Apr-2011
(Media Comment)
The Sunday Times Business Times reported that rumours appeared again about a deal between Old Mutual plc ("Old Mutual") and Standard Bank doing a deal over Nedbank. However, spokesmen for both Standard Chartered and Old Mutual declined to comment and Standard Chartered's John Tracey said his bank focused on organic growth.
30-Mar-2011
(Official Notice)
Further to the published Nedbank and Nedbank Ltd ("Nedbank-p") audited financial results for the year ended 31 December 2010, shareholders are advised that the annual reports of both companies, which contain the annual financial statements, have been dispatched to shareholders on 30 March 2011. The annual financial statements are also available online on the group's website (www.nedbankgroup.co.za).



No change statement

The Nedbank and Nedbank-p annual financial statements contain no changes to the audited financial results which were published on 28 February 2011.



Confirmation of annual general meeting

Shareholders are advised that Nedbank's annual general meeting will be held on Friday, 6 May 2011, in the auditorium, Retail Place West, Nedbank Sandton, 135 Rivonia Road, Sandown at 09:00 and that Nedbank-p's annual general meeting will be held on Thursday, 5 May 2011, in the Executive Boardroom, Ground Floor, Block A, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 15:00. The notices of the annual general meetings for the respective companies are contained in the aforementioned annual reports.
30-Mar-2011
(Media Comment)
Business Report noted that Nedbank officially introduced Africa's first wind powered banking branch operating from a 1 kilowatt wind turbine that runs for between two to four hours. The branch in Du Noon, Cape Town is expected to use 35 percent less electricity as this pilot site will produce an average of 7.8 kilowatt-hours of wind powered electricity a day from a Kestrel e300i turbine. The branch is partially wind powered and in the case of a power failure, a battery tank will be used for at least two hours before switching to grid power.



Nedbank said the initiative would save 2.7 tons of green house emissions a year. The director of environmental sustainability, climate change and biodiversity in the Western Cape, Helen Davies, said that Nedbank was brave and creative to initiate a project of this nature. Nedbank Western Cape regional manager Pedro Rhode said it had cost Nedbank less than R200 000 to implement the Du Noon project. Rhode added further that a similar project would be carried out in the Eastern Cape next and the bank's emphasis for the project was set on rural areas.
28-Feb-2011
(C)
Net interest income increased slightly to R16.6 billion (2009: R16.3 billion). Profit from operations was slightly lower at R6.5 billion (2009: R6.7 billion), while total comprehensive income attributable to equity holders of the parent rose to R4.7 billion (2009: R4.6 billion). Furthermore, headline earnings per share strengthened to 1 104cps (2009: 1 010cps).



Final dividend

A final dividend of 268cps was declared.



Prospects

Nedbank is well placed for earnings growth in 2011 and remains on track to meet its medium- to long-term financial targets in 2013. The group will continue to invest to generate sustainable revenue growth, underpinned by ongoing cost optimisation and efficiency improvements. Growing the bank's overall franchise and maintaining momentum on the turnaround in the Retail Cluster, supported by a liquid and well-capitalised balance sheet, are key to delivering sustainable growth. Margins should widen slightly, given that interest rates are expected to remain unchanged, and hence the negative effect of assets repricing quicker than liabilities out to three months will decrease. In addition, the cost of term liquidity is expected to decline as more expensive deposits mature and as below- trend economic growth continues, albeit at higher levels than last year. Overall advances growth is expected to be in the mid to upper single digits. Impairments are expected to continue reducing in line with the improved quality of assets supported by asset pricing on new advances that appropriately reflects risk and the related cost of funds. The credit loss ratio is currently expected to decrease but to remain above the group's target range in 2011. Transactional volumes are expected to increase as the economy improves and the group's focus on growing primary clients is maintained.
04-Feb-2011
(Official Notice)
17 Jan 2011 08:52:09
(Media Comment)
According to Business Day, Nedbank could be sold this year and the most likely buyer among others could be Standard Chartered Bank despite the emerging markets operator saying it is not in the market to make any big name acquisitions, according to some analysts. Last year Nedbank was almost sold to HSBC which had wanted to buy up to 70% of the bank for about USD10 billion. but HSBC, the largest by assets in Europe, walked away from the deal, saying Nedbank had failed to meet its acquisition criteria. The collapse of the deal scuttled attempts by Old Mutual - Nedbank's owner with a stake of 54% - to complete a restructure aimed at simplifying its businesses to focus only on long-term savings and insurance units. "I would not be surprised if Nedbank was sold this year and the most likely acquirer could be Standard Chartered, although it would be interesting to see the extent of the premium that could be paid as Nedbank's valuation has fallen (since the failed deal)," Chris Steward, equities research head at Investec Asset Management, said last week.
06 Jan 2011 17:04:39
(Official Notice)
Introduction and background

Shareholders are referred to the announcement, setting out the closed- period share repurchase programme, released on SENS on 28 December 2010 and are advised that Nedbank Group has exercised call options that were granted to it by the Aka-Nedbank Eyethu Trust (`Aka Trust`), the Nedbank Eyethu Corporate Scheme Trust (`the Corporate Scheme Trust`) and the Nedbank Eyethu Non-executive Directors Trust (`Non-executive Directors Trust`) to repurchase Nedbank Group ordinary shares (`the specific repurchase`).



Details of the specific repurchase

On 6 January 2011 the company repurchased 1 321 260 Nedbank Group ordinary shares from the Aka Trust, 8 006 209 Nedbank Group ordinary shares from the Corporate Scheme Trust and 621 898 Nedbank Group ordinary shares from the Non-executive Directors Trust in terms of the specific repurchase, equivalent to 1.9% of the total issued ordinary share capital of Nedbank Group. Following the specific repurchase, Nedbank Group held 56 337 059 treasury shares.



The consideration paid in respect of the specific repurchase is as follows:

*1 321 260 Nedbank Group ordinary shares repurchased from the Aka Trust at an average price of R0.72 per share, for a total consideration of R954 209

*8 006 209 Nedbank Group ordinary shares repurchased from the Corporate Scheme Trust at an average price of R0.74 per share, for a total consideration of R5 901 184

*621 898 Nedbank Group ordinary shares repurchased from the Non- executive Directors Trust at an average price of R0.75 per share, for a total consideration of R465 616.



The Nedbank Group ordinary shares repurchased will be cancelled and their listing terminated on or about 12 January 2011.



Source of funds

The specific repurchase has been funded out of available cash resources.



28 Dec 2010 13:58:13
(Official Notice)
During 2005, Nedbank implemented a black economic empowerment transaction, which comprised of a number of schemes empowering a broad base of previously disadvantaged beneficiaries. The end of the lock-in period for certain of these schemes is 1 January 2011, namely the Aka-Nedbank Eyethu Trust, the Nedbank Eyethu Corporate Scheme Trust and the Nedbank Eyethu Non-Executive Directors Trust (collectively, 'the maturing schemes'). Accordingly, shareholders are advised that Nedbank intends to exercise the call options that were granted to it by the maturing schemes to repurchase Nedbank ordinary shares ('the specific repurchase').



The specific repurchase was approved by shareholders in general meeting on 22 July 2005. The purpose of the resolutions approved by shareholders at that meeting was, inter alia, to authorise the company to exercise call options granted to it by the maturing schemes to repurchase a calculated number of Nedbank ordinary shares held by these schemes when the call options became exercisable. It is intended that the specific repurchase will take place during a closed period, as defined in the JSE Ltd Listings Requirements, which commences on 1 January 2011 and is anticipated to end on or about 28 February 2011 when the company's annual financial results are scheduled to be released on SENS. The number of Nedbank ordinary shares to be repurchased by the company in terms of the specific repurchase will be a maximum of 15 914 914 shares at a maximum price of R1.00 per share.
29 Nov 2010 08:36:29
(Media Comment)
According to Business Report, Nedbank Group would reorganise its retail operations into four business lines to help boost profit, the Old Mutual owned bank said on Friday. "This is a restructure of the retail executive team and there are no related retrenchments," chief executive Mike Brown said on Friday. The four retail divisions would be consumer banking, retail relationship banking, cards and secured lending, the bank said. Nedbank said on August 2 that bad debts had declined at its consumer operations, while the unit's loss worsened to R859 million in the six months to June. The changes at Nedbank, aimed at streamlining reporting lines and boosting profit, were unrelated to HSBC Holdings's decision to walk away from buying Old Mutual's stake in Nedbank last month, said spokeswoman Penny Himlok. "We don't know why HSBC backed out", Himlok said.
26 Nov 2010 14:13:10
(Official Notice)
Ingrid Johnson, the Nedbank Group Managing Executive of Retail and Business Banking responsible for 20 000 staff across South Africa and R235 billion of advances, has announced a new structure and key appointments to facilitate the turnaround of the Retail business. As a consequence of this new strategic direction, Retail has been organised into four complementary line businesses, namely Consumer Banking, Retail Relationship Banking (a combination of Small Business Services and Nedbank Private Bank), Card and Secured Lending, which together with Business Banking will report directly to Ingrid Johnson. Ciko Thomas, who is currently responsible for Group Marketing, Communications and Corporate Affairs and a member of the Nedbank Group Executive Committee, has now been appointed to head up Consumer Banking (which includes the branch network, personal loans and personal banking / client value management). Ciko has the relevant brand and market insights to successfully position Nedbank in the unique South African consumer market and significantly grow our client base. Sibongiseni Ngundze has been appointed to the enlarged role of Retail Relationship Banking. He has been in banking for 20 years and brings a wealth of insight into this important growth market.



Sydney Gericke and Keith Hutchinson who are both seasoned bankers continue as the Managing Executives of Card and Secured Lending respectively. Within Consumer Banking, our strong positioning in Personal Loans will be used to expand our banking offering and presence for entry-level banking and the youth. The innovative M-Pesa mobile solution brought to market by Nedbank Mobile Money in partnership with Vodacom is an important addition to our range of services and is steadily gaining momentum. Following the fundamental transformational change driven by Ingrid Johnson`s leadership in Business Banking over the past 5 years to a proven differentiated offering for Business Banking clients, Nedbank is well placed to accelerate its efforts in providing Retail clients a choice of innovative, client-centred banking experiences that build deep and enduring banking relationships with Nedbank.

04 Nov 2010 08:22:49
(Media Comment)
Business Day reported that Nedbank has re-entered the underwritten life market. Through Nedgroup Life the bank has launched a comprehensive suite of products that come under the banner of 360Life. Nedbank managing executive, David Macready said it is not unusual for the bank to compete with parent company, the life assurer, Old Mutual plc. The products of Nedgroup Life will encompass health, disability, critical illness and income protection cover.
02 Nov 2010 17:35:13
(Official Notice)
Nedbank Group announced the resignation of Saks Ntombela, managing executive: retail, and a member of its group executive committee, with immediate effect. Ingrid Johnson, group managing executive: retail and business banking, will assume direct leadership responsibility for the retail business.
21 Oct 2010 13:17:52
(Media Comment)
The Financial Mail reported that the attempted takeover of Nedbank by HSBC fell through because of a disagreement over price, management changes at HSBC, and outdated technology at Nedbank. Apparently HSBC thought Nedbank's controlling shareholder, Old Mutual's, asking price was too high and tried to force down the price, arguing that the bank's exposure to current and future black economic empowerment deals was expensive. The second reason was recent management changes at HSBC led to a more conservative team taking over, who might have raised concerns about sustainability of profits and dividends. In addition, HSBC was also not pleased to find outdated technology in Nedbank's data room, and to upgrade the IT system with HSBC's would have cost hundreds of millions of rand.
20 Oct 2010 10:52:45
(Official Notice)
Fitch Ratings has removed the Rating Watch Positive (RWP) from Nedbank Group Ltd's (Nedbank Group) and Nedbank Ltd's (Nedbank) Long-term Issuer Default Ratings (IDRs), Short-term IDRs and National long-term ratings. The outlook on the long-term ratings remains stable. Fitch placed Nedbank Group and Nedbank on RWP on 24 August 2010 following the announcement that HSBC Holdings Plc (HSBC) had made a proposal to Old Mutual Plc that could result in HSBC acquiring a controlling stake in Nedbank Group. Fitch has also simultaneously removed from RWP Nedbank's rated issues, and Nedbank and Nedbank Group's support ratings. The Individual and Short-term national ratings of both entities are unaffected.
18 Oct 2010 15:17:58
(Official Notice)
15 Oct 2010 13:00:06
(Official Notice)
Shareholders are referred to the announcements issued by Old Mutual Plc and HSBC Holdings plc (`HSBC`) on Friday, 15 October 2010 in relation to the termination of discussions with HSBC concerning a potential partial offer for Nedbank Group.
30 Sep 2010 10:02:36
(Official Notice)
Shareholders are referred to the cautionary announcement released by Nedbank Group on 23 August 2010, in which shareholders were informed that Old Mutual plc had advised the board of directors of Nedbank Group that it had received a proposal from HSBC Holdings plc ("HSBC") to acquire a controlling interest in Nedbank Group.



In the aforementioned announcement, Nedbank Group indicated that the making of a binding offer by HSBC is subject to a number of pre-conditions. The process leading up to a potential offer is ongoing and accordingly, shareholders are advised to continue to exercise caution when dealing in Nedbank Group's securities until a further announcement is made.

16 Sep 2010 12:08:04
(Official Notice)
Nedbank released their pillar three (of Basel II) public disclosure report, as required by regulation 43 of the South African banking regulations. This report is available on the group's website: www.nedbankgroup.co.za under the financial information - Basel II disclosure section.
24 Aug 2010 15:23:26
(Official Notice)
Fitch Ratings placed South Africa-based Nedbank Group Ltd's ("Nedbank Group") and Nedbank Ltd's ("Nedbank") long-term issuer default ratings ("IDRs"), short-term IDRs, support and national long-term ratings on rating watch positive ("RWP") respectively. Fitch has simultaneously placed Nedbank's rated issues on RWP and affirmed both entities' individual ratings. The agency has additionally placed the long-term national and support ratings of Nedbank's wholly owned subsidiary - Imperial Bank Ltd ("Imperial Bank") - on RWP. Imperial Bank's rated issue has also been placed on RWP. The rating actions follows the announcement that HSBC Holdings PLC ("HSBC") made a proposal to Old Mutual Plc that could result in HSBC acquiring a controlling stake in Nedbank Group. The rating watches will be resolved if a deal is concluded and clarification on the extent of HSBC's potential ownership and levels of support has been determined by Fitch.
24 Aug 2010 08:53:08
(Media Comment)
A Business Day editorial suggested that in the wake of the financial crisis, Nedbank would maybe be better off with a bid from a large emerging market bank. Business Day points out that South Africa was lucky not to have too much foreign ownership of the country's banking sector as this protected our banks and left them largely unexposed to the financial sector. The editorial also commented that while there will be benefits to Nedbank from any HSBC deal, a resultant grab by the bank for more local market share might not be a necessarily good thing as no one knows where growth will come from in future, and rather innovation and efficiency would be a better aim.
23 Aug 2010 07:38:37
(Official Notice)
Shareholders are referred to the announcement released by Old Mutual plc ("Old Mutual") on Monday, 23 August 2010. Shareholders are advised that Old Mutual has advised the board of directors of Nedbank Group Ltd ("Nedbank") that it has received a proposal from HSBC Holdings plc ("HSBC") to acquire a controlling interest in Nedbank ("the proposed transaction"). The proposed transaction, if and when it proceeds, would be implemented by way of a partial offer, made to all Nedbank shareholders, for up to 70% of their shareholdings in Nedbank.



Nedbank's initial assessment of the proposed transaction is that HSBC represents an attractive international banking partner and shareholder of reference and has the potential to provide Nedbank with benefits which should enhance Nedbank's ability to strengthen its position in the South African banking sector. Nedbank believes that there is a substantial opportunity for it to expand both within the South African and African markets in due course. The making of a binding offer by HSBC is subject to a number of pre-conditions, which include, inter alia, due diligence of Nedbank by HSBC and a number of regulatory and other approvals. In order to satisfy these pre-conditions, a period of exclusivity has been granted by Old Mutual to HSBC.



There can be no certainty that these discussions will lead to a transaction. Whether or not successfully concluded, the proposed transaction may have a material effect on the price of Nedbank securities. Accordingly, shareholders are advised to exercise caution when dealing in Nedbank's securities until a further announcement is made.
17 Aug 2010 13:09:22
(Official Notice)
05 Aug 2010 12:52:51
(Official Notice)
The boards of directors of Nedbank Group and Nedbank Ltd announce the appointment of Joel Netshitenzhe as an independent non- executive director with effect from 5 August 2010.
02 Aug 2010 09:22:18
(C)
28 Jul 2010 08:43:43
(Media Comment)
Business Day reported that Nedbank is facing huge losses that could amount to billions of rand if the Securities Regulation Panel ("SRP") rules against it in a case pertaining to Acc-Ross, now known as Pinnacle Point Group Ltd. Nedbank stands accused of having violated the SRP's code governing mergers and acquisitions by not making an offer to Acc-Ross shareholders after its ownership level in Acc-Ross shares rose above 35%. Any deal concerning Nedbank, which is also the subject of takeover rumours, could now be delayed until the matter is resolved.
27 Jul 2010 08:12:43
(Media Comment)
According to Business Day, a weekly column in the Financial Times written by Mark Kleinman said that both HSBC and Standard Chartered are in detailed talks to acquire a 52% stake in Nedbank. While Old Mutual usually does not comment on rumours, the speculation is unlikely to die any time soon. The report sent Nedbank shares 92c higher in morning trade, to R137.26 on Monday, 26 July 2010.
16 Jul 2010 12:32:52
(Official Notice)
Fitch Ratings affirmed the Long-term Issuer Default ratings ("IDR") of Nedbank Group Ltd (Nedbank Group) and its 100%-owned subsidiary, Nedbank Ltd (Nedbank), at "BBB". The ratings of Nedbank Group and Nedbank factor in the bank's asset quality and financial performance which deteriorated during 2009 in a challenging operating environment, leading to higher retail impairments and lower endowment earnings. They also reflect the bank's intrinsic strength through a well-established and growing domestic franchise and improved levels of tier 1 capital.



The resilience of Nedbank Group's franchise saw its 2009 pre-impairment operating profit 2.5% higher than in 2008. Nedbank Group expects 2010 earnings to be modestly higher than 2009 due to the improving economic environment. Nedbank Group's asset quality continued to deteriorate in 2009 with the bank reporting a non-performing loan (NPL) ratio of 6% at FYE09 up from 4% at end- 2008 - a 56.3% increase in the absolute amount of NPLs. Nedbank Group's coverage ratio was low at 36.2% at end-2009, compared with 45.4% at end-2008, which was attributable to an increased proportion of home loans in NPLs. Deterioration in the bank's asset quality indicators has started to slow in 2010 although, according to management, the risk of defaults in the wholesale environment remains.



Interest rate risk and foreign-exchange risk are low and appear well managed. Liquidity risk within Nedbank is mitigated by a stable deposit base, reflecting the strength of its franchise. Nedbank Group's tier 1 capital adequacy ratio improved to 11.4% at Q110 up from 9.6% at end-2008. Fitch considers Nedbank Group's tier 1 capital to be acceptable given current levels of core profitability and expected medium-term growth.
22 Jun 2010 07:16:48
(Media Comment)
Business Day reported that Nedbank plans to expand through acquisitions in southern Africa and Nigeria, as well as enhancing non-interest revenue in South Africa. CEO Mike Brown said Nedbank will consolidate its domestic share in various market segments, integrate the operations of Imperial Bank and aim to punch its weight in Africa. Brown also brushed aside takeover rumours as "old news".
20 May 2010 08:42:04
(Media Comment)
Nedbank, being sued by investors for trades in stock futures of Acc-Ross Holdings, left ABSA to " pick up the debris", a lawyer for the investors said. The group of investors said Nedbank colluded with other parties to push up the price of Acc-Ross until the bank controlled 89.3% of the company. They added that the bank dumped the stock when Acc-Ross became Pinnacle, causing the share price to collapse. Nedbank denied the claim, saying it held stock on behalf of clients, thereby not triggering a mandatory offer for Acc-Ross once it's share exceeded 35%.
13 May 2010 09:13:25
(Media Comment)
Standard Chartered, the British lender with an emerging market focus, could make an offer for Nedbank, South Africa's fourth-biggest bank, it was disclosed yesterday. Sky News reported the deal could be worth about USD10 billion (R75 billion). Analysts said the move made good business sense considering that South Africa was a strong emerging market with a stable banking system.

04 May 2010 14:56:17
(Official Notice)
Shareholders are advised that at the annual general meeting of Nedbank held on Tuesday, 4 May 2010, all the ordinary resolutions and the special resolution were passed by the requisite majority of shareholders. The special resolution will be submitted for registration with the Companies and Intellectual Property Registration Office in due course. Shareholders representing 81.64% of the issued share capital in Nedbank were present in person or by proxy at the meeting.
04 May 2010 08:05:48
(Official Notice)
15 Apr 2010 17:44:34
(Official Notice)
Shareholders are referred to the terms announcement released by Nedbank Group Ltd ("Nedbank Group"), Nedbank and Imperial Holdings Ltd ("Imperial Holdings") on SENS on Wednesday, 16 September 2009, in which the parties disclosed the terms and conditions precedent relating to the acquisition by Nedbank Group of Imperial Holdings' 49,9% indirect interest in Imperial Bank Ltd ("Imperial Bank") ("the acquisition").



Conclusion of the acquisition

All the conditions precedent to the acquisition have been fulfilled and the acquisition has been concluded. Nedbank now wishes to submit an application to the South African Reserve Bank ("SARB") in terms of section 54 of the Banks Act, 1990 ("banks act") in order to take transfer of the business of Imperial Bank and any other assets and liabilities which do not form part of the Imperial Bank business (other than certain select assets and liabilities) ("the transfer").



Notice to the Nedbank shareholders and combined general meeting

A notice in terms of section 54 of the banks act (`notice`) was posted to the holder of Nedbank ordinary shares and holders of Nedbank non-redeemable non- cumulative non-participating preference shares convening a combined general meeting of shareholders that will be held in the executive boardroom, ground floor, block A, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton, at 15:30 on Monday, 3 May 2010, immediately after the Nedbank annual general meeting ("AGM"), for the purpose of considering and, if deemed fit, passing, with or without modification, the ordinary resolution contained in the notice, to approve the transfer.



Voting at the combined general meeting

The combined general meeting of the company is a combined meeting at which the preference shareholders as well as the ordinary shareholder are entitled to vote in terms of section 54 of the banks act. Each shareholder shall be entitled to that proportion of the total votes in the company which the aggregate amount of the nominal value of the shares held by him bear to the aggregate amount of the nominal value of all shares issued by the company. Nedbank Group currently owns 100% of the ordinary shares in Nedbank, which represents approximately 98.4% of the voting rights of Nedbank at a combined general meeting. Nedbank Group intends to vote in favour of the proposed ordinary resolution at the combined general meeting
12 Apr 2010 11:15:25
(Official Notice)
The announcement of the company's annual results for the year ended 31 December 2009 was released on the Securities Exchange News Service on Wednesday, 24 February 2010, in which notice was given that an award of new fully paid Nedbank group ordinary shares would be made to shareholders recorded in the register of the company at the close of business on Friday, 9 April 2010. In terms of the announcement shareholders would be entitled, in respect of all or part of their shareholding, to elect to participate in the capitalisation award, failing which they would receive the cash dividend alternative (230 cps ordinary share) to be paid to those shareholders not electing to participate in the capitalisation award. The last day to trade to participate in the capitalisation award or the cash dividend alternative was Wednesday, 31 March 2010.



The number of the new shares to which shareholders wishing to participate in the capitalisation award would become entitled was determined in the ratio that 230 cents per Nedbank group ordinary share bears to R127.66, being the 30- day volume-weighted average traded price of Nedbank group ordinary shares on JSE Ltd at the close of business on Tuesday, 23 March 2010. This equated to 1.80166 new shares for every 100 Nedbank group ordinary shares held on the record date. Fractions of shares will not be issued. Nedbank group ordinary shareholders holding 410 601 827 Nedbank group ordinary shares elected to receive the capitalisation award, resulting in the issue of 7 397 653 new shares. A cash dividend of R214 354 661.70 was paid in respect of 93 197 679 Nedbank group ordinary shares. Dividend cheques and share certificates in respect of the new shares were posted to certificated shareholders at their risk and the participant or broker custody accounts of dematerialised shareholders were credited today.
30 Mar 2010 12:32:03
(Official Notice)
Further to the Nedbank Group and Nedbank Ltd audited financial results for the year ended 31 December 2009, shareholders were advised that the annual financial statements of both companies have been dispatched to shareholders on 30 March 2010. The annual financial statements are also available online on the group's website (www.nedbankgroup.co.za).



No change statement

The Nedbank Group and Nedbank Ltd annual financial statements contain no changes from the audited financial results which were published on 25 February 2010. The annual financial statements were audited by Nedbank Group and Nedbank Ltd's auditors, KPMG Inc and Deloitte - Touche. Their report is available for inspection at the group's registered office.



Confirmation of AGM

Shareholders were reminded that the Nedbank Ltd annual general meeting will be held on Monday, 3 May 2010, in the west boardroom, ground floor, block A, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton at 15:00, and the Nedbank Group annual general meeting will be held on Tuesday, 4 May 2010, in the auditorium, Retail Place West, Nedbank Sandton, 135 Rivonia Road, Sandown at 09:00.
24 Mar 2010 11:06:02
(Official Notice)
01 Mar 2010 16:00:49
(Official Notice)
Jabu Moleketi has resigned as a non-executive director of Nedbank and Nedbank Ltd with effect from 1 March 2010.
01 Mar 2010 15:59:17
(Official Notice)
Mike Brown has been appointed chief executive of Nedbank with effect from 1 March 2010 following the retirement of Tom Boardman. Tom Boardman, who retired from the group with effect from 28 February 2010, will continue to serve on the boards of Nedbank and Nedbank Ltd ("Nedbank-p") in a non- executive capacity with effect from 1 March 2010.
25 Feb 2010 09:30:29
(C)
08 Feb 2010 17:24:27
(Official Notice)
Nedbank will acquire Imperial Holdings indirect shareholding of 49.9% of the ordinary shares in Imperial Bank for a purchase consideration which will be settled in instalments over a six month period commencing on the fulfilment of the conditions precedent, the present value thereof being approximately R 1 775 million as at 30 June 2009, being the reference date for the determination of the purchase consideration and from which Nedbank has acquired the economic benefits of the acquisition.



With the receipt of the approval of the transaction by the office of the Minister of Finance in terms of Section 37(2)(a)(iv) of the Banks Act, 1990, all the conditions precedent to the acquisition have been fulfilled and the acquisition will now be implemented by the parties.



Nedbank group intends to submit an application to the South African Reserve Bank in terms of section 54 of the Banks Act whereby it will amalgamate all the assets of Imperial Bank with those of Nedbank. Nedbank has made significant progress in planning the amalgamation in anticipation of receiving approval for the amalgamation. Nedbank intends to retain the well established brand and operations of, "Motor Finance Corporation", with its focus on fast and efficient service to the motor dealer industry, while integrating other business with existing businesses within Nedbank. Hubert Brody, the current Chairman of Imperial Bank as well as a majority of the current board members of Imperial Bank have agreed to remain on the board of Imperial Bank in their current capacities.



The parties have agreed that the acquisition agreement will be varied such that Nedbank group will undertake to settle the entire purchase consideration due to Imperial Holdings in four cash instalments out of the existing cash resources of Nedbank Ltd over a period of six months, commencing from 8 February 2010.



Imperial Bank's unaudited profit after tax for the full financial year to 31 December 2009 is expected to increase to between R420 million and R440 million when compared to the comparative period audited net profit after tax to 31 December 2008 of R361,2 million (an increase of between 16% and 22% respectively).
05 Feb 2010 15:05:01
(Official Notice)
A summons was served on 5 corporate entities as well as Nedbank on 28 January 2010 by certain parties who became shareholders in Pinnacle Point Group Ltd in November 2008.



The plaintiffs allege that the group's (being Nedbank Group and its subsidiaries from time to time) Single Stock Futures activity in Acc-Ross resulted in them sustaining financial losses. The details of the claim are vague and opportunistic and in the view of the group's legal advisors do not support any sustainable claim against Nedbank. The group strongly denies that there is any merit in the claim.



The group will take all the necessary steps to defend the action instituted by the plaintiffs and it is expected that the matter will be subject to lengthy legal proceedings. The group is currently considering its rights against the plaintiffs.



The group is of the view that it cannot be held responsible for any alleged loss suffered by the plaintiffs that is based on a sharp decline in the Pinnacle Point group share price since they acquired their shareholding in Pinnacle Point group.
15 Jan 2010 14:50:17
(Official Notice)
Following the announcement of a new group executive committee structure in August 2009, two remaining appointments have been made to committee. Ciko Thomas joins the group with effect from 18 January 2010 as group executive: group marketing, communications and corporate affairs. John Bestbier has been appointed with effect from 1 January 2010 as group executive: strategic planning. Both of these positions report to the chief operating officer, Graham Dempster.
14 Jan 2010 08:55:22
(Media Comment)
Nedbank group had become a sustainable, profitable bank over the past six-and-a-half years, although this year was likely to be another tough one, outgoing CEO Tom Boardman said yesterday. Boardman believes the market has recognised the improvement in the bank's performance because if one had invested R100 in Nedbank in January last year, it would have returned the most out of SA's big banks, and slightly more than Investec by the end of last month.

07 Dec 2009 17:04:39
(Official Notice)
02 Dec 2009 12:53:57
(Official Notice)
The boards of directors of Nedbank and Nedbank Ltd ("Nedbank-p") announced the appointments of Julian Roberts and Don Hope as non-executive directors with effect from 1 December 2009.
13 Nov 2009 08:53:34
(Official Notice)
Imperial Bank Ltd ("Imperial Bank") preference shareholders are referred to the announcement released on SENS on 15 October 2009 ("terms announcement") in which Nedbank released the terms of a voluntary, unconditional offer to the holders of Imperial Bank preference shares to acquire all of the Imperial Bank preference shares not currently owned by Nedbank and to be settled by way of a fresh issue of Nedbank preference shares from Nedbank's existing authorised preference share capital in the ratio of 10 Nedbank preference shares ("offer consideration") to one Imperial Bank preference share tendered ("the offer").



Salient dates and times of the offer

The expected dates and times pertaining to the offer are set out below:

*Announcement of salient dates and times and opening of offer period published on SENS -- Friday, 13 November 2009

*Circular posted to Imperial Bank preference shareholders -- Friday, 13 November 2009

*Opening of offer at 09:00 -- Friday, 13 November 2009

*Last day to trade in Imperial Bank preference shares on the JSE in order to be eligible to participate in the offer -- Friday, 27 November 2009

*Imperial Bank preference shares expected to trade "ex" the offer -- Monday, 30 November 2009

*Record date in order to be eligible to participate in the offer -- Friday, 4 December 2009

*Offer period expected to close at 12:00 ("closing date") -- Friday, 4 December 2009

*Results of the offer expected to be released on SENS -- Monday, 7 December 2009



Circular regarding the offer

A circular providing information on the offer was posted to Imperial Bank preference shareholders today, Friday, 13 November 2009.
12 Nov 2009 15:00:41
(Official Notice)
Moody's Investors Service has taken a number of rating actions on five South African banks, including the ratings of Nedbank Ltd, the 100%-owned subsidiary of Nedbank group. Nedbank group and Nedbank Ltd's other credit ratings are not affected by this rating action.
05 Nov 2009 08:57:27
(Official Notice)
The group's tier 1 capital adequacy ratio improved from 10.0% at 30 June 2009 to 10.7% at 30 September 2009 while the total capital adequacy increased from 13.2% to 14.0% over the same period. The ratios have improved significantly as a result of prudent risk weighted asset optimisation initiatives as part of the group's "manage for value" emphasis during the quarter, as well as a preference share issue of R153 million in September.
05 Nov 2009 08:52:43
(Official Notice)
Global economic indicators show that conditions in the major economies may have started to stabilise. The outlook remains challenging as a sustained recovery is vulnerable to potential setbacks and large imbalances still exist in the global economy.



The economic environment is likely to remain weak for the balance of the year. In this tough climate consumers and corporates are likely to remain under pressure which is expected to impact on transaction volumes and asset growth. The credit loss ratio is expected to continue to improve slowly, as affordability improves and impairments slow. Nedbank group remains alert to benefit from opportunities that arise as the cycle improves and is well-positioned to capitalise on these through its strong balance sheet, solid banking franchise, focus on risk management and strong cost management.



Earnings forecasts remain within the ranges communicated at the interim stage, but being closer to the financial year end the group has narrowed these ranges. Diluted headline earnings per share and diluted earnings per share for 2009 are currently expected to be between 25% and 35% lower than the 1 401 cps and 1 558 cps respectively reported for the comparative period to December 2008. The group continues to be cautious about prospects and its forecasts for the rest of the year.
23 Oct 2009 12:13:06
(Official Notice)
Nedbank Group and Nedbank Ltd have adopted a policy that their non-executive directors should not serve on the board for more than nine years. Accordingly, Michael Katz, JB Magwaza and Mafika Mkwanazi will retire as non-executive directors of Nedbank Group and Nedbank Ltd with effect from close of business on 19 November 2009 as they have each served on these boards for periods in excess of nine years.
23 Oct 2009 09:29:58
(Official Notice)
Nedbank group announced the appointment of Sandile Shabalala as managing executive: Business Banking with effect from 15 October 2009, reporting to Ingrid Johnson, Managing Executive: Retail and Business Banking. He has also been appointed to the Nedbank Group Executive Committee (Group Exco).
19 Oct 2009 15:04:55
(Official Notice)
Nedbank group and Nedbank Ltd advised that Lot Ndlovu has resigned as an independent non-executive director with effect from 16 October 2009 due to a potential conflict of interest with other business activities.
01 Oct 2009 16:57:29
(Official Notice)
Further to the terms announcement published by Nedbank group and Nedbank Ltd on the securities exchange news service on 16 September 2009, JSE Ltd has approved the fairness opinion provided by PricewaterhouseCoopers Corporate Finance (Pty) Ltd to Nedbank group. PwC has found the terms of the acquisition of Imperial Financial Holdings' ordinary shares in Imperial Bank by Nedbank Ltd to be fair to the members of Nedbank group. The fairness opinion will lie for inspection for 28 days from the date of this announcement at Nedbank group's registered office, being A-block, Ground floor, Nedbank Sandton, 135 Rivonia Road, Sandown, Sandton, 2196.



The offer

Nedbank Ltd will, subject to obtaining certain regulatory approvals, make an offer to Imperial Bank preference shareholders to acquire their Imperial Bank preference shares. The terms of the offer will be announced on SENS and in the press in due course.
22 Sep 2009 15:48:24
(Official Notice)
Bob Head has advised of his intention to resign as a non-executive director of Nedbank Group and Nedbank Ltd with effect from 19 February 2010. He has served as a director since January 2005 and prior to that was seconded to the group from Old Mutual plc as interim Chief Financial Officer (CFO) for the first half of 2004.
16 Sep 2009 16:40:30
(Official Notice)
Further to the voluntary announcement ("the voluntary announcement") published by Nedbank and Nedbank Ltd ("Nedbank-p") on SENS on 14 August 2009, Nedbank-p has entered into a binding agreement to acquire IFH's shareholding of 49.9% of the ordinary shares ("ordinary shares") in Imperial Bank for a purchase consideration which will be settled in instalments over a six month period commencing on the fulfilment of the conditions precedent, the present value thereof being approximately R 1 775 million (`the purchase consideration`) as at 30 June 2009, being the date from which Nedbank-p will acquire the full economic benefits of the acquisition. IFH is a wholly owned subsidiary of Imperial Holdings Ltd ("Imperial"). It is the intention that, after the acquisition and subject to the requisite regulatory authorities` and other approvals, the businesses of Imperial Bank, comprising of substantially all of the assets and liabilities of Imperial Bank could, when appropriate, be amalgamated with businesses within Nedbank-p.



Conditions precedent to the acquisition

The conditions precedent pertaining to the acquisition include:

*the approval of the competition authorities, in so far as it is necessary;

*compliance with the Listings Requirements;

*Nedbank obtaining a fairness opinion that declares that the acquisition is fair in compliance with the Listings Requirements;

*the Securities Regulation Panel confirming in writing that it does not object to or has no jurisdiction in respect of IFH voting in respect of the resolutions contemplated below;

*the passing and to the extent necessary registration of whatever such resolutions of Imperial Bank as are required to give effect to various elements of the acquisition; and

*the approvals of the Minister of Finance in terms of section 37 of the Banks Act, 1990.
14 Sep 2009 11:31:57
(Official Notice)
The announcement of the company's interim results for the six months ended 30 June 2009 was released on the SENS on Wednesday, 5 August 2009, in which notice was given that an award of new fully paid Nedbank ordinary shares ("the new shares") would be made to shareholders recorded in the register of the company at the close of business on Friday, 11 September 2009 ("the record date"). In terms of the announcement shareholders would be entitled, in respect of all or part of their shareholding, to elect to participate in the capitalisation award, failing which they would receive the cash dividend alternative (210cps) to be paid to those shareholders not electing to participate in the capitalisation award. The last day to trade to participate in the capitalisation award or the cash dividend alternative was Friday, 4 September 2009. The number of the new shares to which shareholders wishing to participate in the capitalisation award would become entitled was determined in the ratio that 210 cents per Nedbank ordinary share bears to R108.69, being the 30-day volume-weighted average traded price of Nedbank Group ordinary shares on JSE Limited at the close of business on Wednesday, 26 August 2009. This equated to 1.93210 new shares for every 100 Nedbank Group ordinary shares held on the record date. Fractions of shares will not be issued.
27 Aug 2009 11:18:44
(Official Notice)
Further to the company's interim results for the six months ended 30 June 2009 released on SENS on Wednesday, 5 August 2009, an award of new fully paid ordinary shares will be distributed to shareholders recorded in the register of the company at the close of business on Friday, 11 September 2009 ("the record date"). Shareholders will be entitled in respect of all or part of their shareholding, to elect to participate in the capitalisation award, failing which they will receive the cash dividend alternative of 210cps. The last day to trade to participate in the capitalisation award or the cash dividend alternative will be Friday, 4 September 2009.



The number of shares to which shareholders wishing to participate in the capitalisation award will become entitled will be determined in the ratio that 210 cents per ordinary share bears to R108.69, being the 30-day volume-weighted average traded price of Nedbank Group ordinary shares on JSE Ltd ("JSE") at the close of business on Wednesday, 26 August 2009 ("VWAP"), the formula being: Capitalisation share entitlement = (number of shares held on the record date x 210 cents) / (VWAP of R108.69). This equates to 1.93210 new Nedbank Group ordinary shares for every 100 Nedbank Group ordinary shares held. Shareholders wishing to participate in the capitalisation award in respect of all or part of their shareholding must elect to do so. Subject to the approval of JSE, a listing of the maximum number of new shares to be issued pursuant to the capitalisation award will commence on Monday, 7 September 2009. Nedbank shares will trade "ex" the entitlement with effect from the commencement of business on Monday, 7 September 2009. Shares may not be dematerialised or rematerialised between Monday, 7 September 2009 and Friday, 11 September 2009, both days inclusive. A circular (including a form of election) dealing with the capitalisation award was posted to shareholders on Tuesday, 11 August 2009.



Certificated shares and cheques will be posted by registered post and ordinary post respectively to certificated shareholders at their risk on or about Monday, 14 September 2009. A further announcement will be published on SENS and in the press on or about Monday, 14 September 2009, detailing the results of the capitalisation award and the cash dividend alternative.
17 Aug 2009 11:51:12
(Media Comment)
Business Report noted that a family trust and a private company plan to go ahead with a damages claim of more than R500 million instituted in 2007 against Nedbank and other parties. The claimants seek damages concerning Waterkloofspruit Projects. In June 2009, a court upheld an earlier finding of fraud or collusion between Nedbank and Waterkloofspruit Projects' joint liquidators.
05 Aug 2009 09:56:59
(Official Notice)
05 Aug 2009 09:41:49
(C)
30 Jul 2009 16:07:08
(Official Notice)
The boards of directors of Nedbank Group and Nedbank Ltd announced the appointments of Jabu Moleketi, Wendy Lucas-Bull and Malcolm Wyman as independent non-executive directors with effect from 1 August 2009.
24 Jul 2009 13:55:09
(Official Notice)
20 Jul 2009 11:12:01
(Official Notice)
05 Jun 2009 11:08:33
(Official Notice)
Members are advised that at the general meeting of members of Nedbank group held on Friday, 5 June 2009, the resolution relating to the placing of 12 855 359 ordinary shares in the authorised but unissued ordinary share capital of the company under the authority and control of the board of directors for issue to Old Mutual plc and its wholly owned subsidiaries in respect of the acquisition by Nedbank group of Old Mutual group interests in BoE (Pty) Ltd, Nedgroup Life Assurance company Ltd and Fairbairn Private Bank Ltd, was passed by a 90.25% majority of shareholders present and voting. Shareholders representing 29.68% of the issued ordinary share capital in Nedbank Group were present in person or by proxy at the meeting.



The acquisition will become unconditional when the last condition precedent, as set out in the announcement on 15 May 2009, has been fulfilled. As indicated in the circular posted to members on Tuesday, 19 May 2009, Old Mutual plc abstained from voting at the general meeting.
29 May 2009 11:29:01
(Official Notice)
Members are advised that NGL has entered into discussions with Imperial Holdings Ltd regarding the acquisition of Imperial Holdings' interest in Imperial Bank Ltd.

A further announcement will be made in due course.
15 May 2009 16:46:41
(Official Notice)
14 May 2009 15:15:20
(Official Notice)
Shareholders are advised that at the annual general meeting of Nedbank Group held on Thursday, 14 May 2009, all the ordinary resolutions and the special resolution were passed by the requisite majority. Shareholders representing 78.82% of the issued share capital in Nedbank group were present in person or by proxy at the meeting.
07 May 2009 08:11:51
(Official Notice)
Most of the information required to be disclosed is included in Nedbank's trading update for the three month period to 31 March 2009 (released on 7 May 2009) and should be read to give a full picture. Nedbank remains strongly capitalised. The group's Tier 1 capital adequacy ratio improved from 9.6% at 31 December 2008 to 10.0% at 31 March 2009 while the total capital adequacy increased from 12.4% to 13.2% over the same period.
07 May 2009 08:05:06
(Official Notice)
14 Apr 2009 16:03:17
(Official Notice)
The announcement of the company's annual results for the year ended 31 December 2008 was released on SENS on Thursday, 26 February 2009, in which notice was given that an award of new fully paid Nedbank ordinary shares ("the new shares") would be made to shareholders recorded in the register of the company at the close of business on Thursday, 9 April 2009 ("the record date").



In terms of the announcement shareholders would be entitled, in respect of all or part of their shareholding, to elect to participate in the capitalisation award, failing which they would receive the cash dividend alternative (310 cents per ordinary share) to be paid to those shareholders not electing to participate in the capitalisation award. The last day to trade to participate in the capitalisation award or the cash dividend alternative was Thursday, 2 April 2009.



The number of the new shares to which shareholders wishing to participate in the capitalisation award would become entitled was determined in the ratio that 310 cents per Nedbank ordinary share bears to R75.84, being the 30-day volume-weighted average traded price of Nedbank ordinary shares on JSE Ltd at the close of business on Wednesday, 25 March 2009. This equated to 4.08755 new shares for every 100 Nedbank ordinary shares held on the record date. Fractions of shares will not be issued.



Nedbank ordinary shareholders holding 152 303 421 Nedbank ordinary shares elected to receive the capitalisation award, resulting in the issue of 6 225 477 new shares. Accordingly, a cash dividend of R995 679 746.50 was paid in respect of 321 187 015 Nedbank ordinary shares. Dividend cheques and share certificates in respect of the new shares were posted to certificated shareholders at their risk and the participant or broker custody accounts of dematerialised shareholders were credited on Tuesday, 14 April 2009.
26 Mar 2009 15:14:21
(Official Notice)
Mrs Rosie Harris has resigned as a non-executive director from the boards of Nedbank Group and Nedbank Ltd with effect from 31 March 2009, following her resignation as group risk director of Old Mutual plc.
26 Mar 2009 11:04:44
(Official Notice)
26 Mar 2009 08:06:31
(Official Notice)
Nedbank Group announces the resignation of two members of its Group Executive Committee, namely Nombulelo (Pinky) Moholi and Rob Shuter. Rob Shuter is Managing Executive of Nedbank Retail and has decided to leave the group to pursue other opportunities. Rob will be serving his notice period until the end of April.
17 Mar 2009 08:10:42
(Official Notice)
The boards of directors of Nedbank and Nedbank Ltd announced the appointment of Mike Brown as chief executive officer designate. He will succeed Tom Boardman who retires from the group in February 2010. Brown (42) is currently the group's chief financial officer and an executive director, positions he has held since June 2004.
11 Mar 2009 13:13:40
(Official Notice)
Moody's investor service has reviewed the global local currency deposit rating of Nedbank Ltd following the recent downgrade of Old Mutual plc's issuer rating and issued the media release below on Nedbank Ltd. Nedbank Ltd's other ratings are not affected by this rating action. Moody's downgrades GLC deposit rating of Nedbank (South Africa) to A1 Limassol, March 10, 2009 -- Moody's investors service has today downgraded the global local currency deposit rating of Nedbank Ltd by one notch to A1 from Aa3. The outlook on the rating is stable. This downgrade is a direct result of a recent downgrade of Old Mutual plc's Issuer Rating to Baa1, with a negative outlook, from A3. Nedbank Ltd is a wholly owned subsidiary of Nedbank group, in which Old Mutual plc Ltd is the major shareholder with a 54.3% stake.
04 Mar 2009 10:03:23
(Official Notice)
Nedbank shares interests in certain joint ventures ("the joint ventures") with Old Mutual plc ("Old Mutual"). The joint ventures are presently managed within the retail division of Nedbank. Discussions are in progress in terms of which Nedbank may acquire Old Mutual's interests in the joint ventures in exchange for shares in Nedbank. At this stage no definitive terms have been agreed upon.
02 Mar 2009 14:49:10
(Media Comment)
Business Times reported that locally focused Nedbank, while feeling some pain from the slowdown in the global economy, is holding up well. However, despite this strong performance, the bank's parent, Old Mutual, is rumoured to be interested is selling its stake in Nedbank. According to the Financial Times, Standard Chartered and HSBC, might be possible bidders.
26 Feb 2009 11:28:29
(C)
23 Feb 2009 14:55:44
(Official Notice)
The boards of Nedbank Group and Nedbank Ltd have approved the reclassification of Prof Michael Katz and Mr Lot Ndlovu from non-executive directors to independent non-executive directors with effect from 20 February 2009.
18 Dec 2008 10:41:28
(Official Notice)
Moody's investors service has released a report which affirmed the ratings of Nedbank Ltd the 100%-owned subsidiary of Nedbank at bank financial strength rating 'C' and long-term local currency deposit rating at 'Aa3'.
15 Dec 2008 08:06:20
(Media Comment)
According to Business Report, an analyst has called Nedbank's new alliance with Togo-based Ecobank a master stroke. Credit Suisse Standard Securities analyst, Ross Jenvey, commented that this was a very strategic low-cost model of expansion, which would see Nedbank access a huge client base. Jenvey said that Nedbank realised that it would be very expensive to start up an operation and went this route instead. Don Bowden, the head of investor relations at Nedbank said that the bank would now have access to the north African market where Ecobank was huge.
09 Dec 2008 11:16:10
(Official Notice)
Nedbank Group and Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, have entered into a strategic business co-operation relationship to provide customers access to a combined pan-African banking network covering 30 countries (including South Africa) with over 1 000 branches and banking outlets across the continent. Through this relationship customers will have the convenience and benefit of a 'one bank' experience across the combined footprint of both banking groups. Ecobank, the pan-African bank that is currently operating in 25 countries, has the largest geographic banking coverage in Africa in terms of number of countries and operates mainly in west, central and east Africa including Ghana, Nigeria and Kenya.



The alliance will enable the two banks to extend their coverage across Africa on a co-operative basis while managing costs and risk effectively. Ecobank will retain its focus on expansion into less mature, growing markets, and will also enhance its service offering in southern Africa. Nedbank will retain its focus on banking operations in the Southern Africa Development Community (SADC), and together with Ecobank provide its clients with comprehensive banking services in west, central and east Africa and grow its banking services in these markets.



This relationship will be governed by an alliance committee comprising senior executives of both banks, structured to include specialised sub-committees for execution of the alliance initiatives. A 'one bank' experience across the largest geographic banking footprint makes this unique alliance a natural choice for seamless banking across the African continent.
26 Nov 2008 11:44:00
(Official Notice)
Mr Alan Knott-Craig has been appointed as an independent non-executive director with effect from 1 January 2009. Mr Knott-Craig (56) served as managing director of mobile network operator Vodacom Ltd from 1993 and chief executive officer of Vodacom Group from 1996 until his retirement at the end of September 2008.



Nedbank Group chairman Reuel Khoza said Mr Knott-Craig is widely acknowledged as one of the country's most respected business personalities following his success in pioneering the mobile technology industry.
25 Nov 2008 15:16:20
(Official Notice)
Nedbank group announces that the Business Banking division within Nedbank Corporate will become a stand-alone business cluster with effect from 1 January 2009. The chief executive of Business Banking, Ingrid Johnson, will then report directly to the group's chief executive, Tom Boardman. The business has over 22 000 clients. Nedbank Group's client-facing structures will then comprise Nedbank Corporate, Nedbank Business Banking, Nedbank Capital, Nedbank Retail and Imperial Bank.
04 Nov 2008 11:34:51
(Official Notice)
30 Oct 2008 11:00:03
(Official Notice)
The boards of Nedbank Group and Nedbank Ltd have decided to do away with the position of vice-chairman of the board. The role of vice-chairman is no longer considered to be necessary following the creation of the position of senior independent non-executive director, the post which is held by Mr Chris Ball. As a result of this decision, the joint vice-chairmen of the boards, Prof Michael Katz and Mr Lot Ndlovu, will formally step down from their positions at the annual general meeting in May 2009 and continue to serve as non-executive directors of the group. Both directors will retain their current board committee responsibilities, with Prof Katz continuing to chair the group credit committee and Mr Ndlovu chairing the board transformation and sustainability committee. In this capacity Mr Ndlovu will continue to assist the group with its transformation programme. As previously advised to shareholders, the group's consultancy contract with Mr Ndlovu expires on 31 December 2008.
08 Oct 2008 16:29:16
(Official Notice)
Nedbank has released its Pillar 3 (of Basel II) Public Disclosure Report, as required by regulation 43 of the revised South African banking regulations. This report is available on the group's website: www.nedbankgroup.co.za under the Financial information - Basel II disclosure section.
15 Sep 2008 15:59:32
(Official Notice)
The boards of directors of Nedbank Group and Nedbank Ltd have pleasure in announcing the appointment of Nomavuso Patience Mnxasana as an independent non- executive director with effect from 1 October 2008. Ms Mnxasana is also a non-executive director at the Land Bank, Imperial Bank and Winhold Ltd. A chartered accountant by profession, Ms Mnxasana worked for Deloitte - Touche before spending 10 years with SizweNtsaluba VSP where she was a senior partner and a member of the executive committee. She then served as group audit and risk executive at Imperial Holdings between 2006 and March 2008. Ms Mnxasana has also been appointed to serve on the Nedbank Group audit committee.
10 Sep 2008 17:13:22
(Official Notice)
Jim Sutcliffe has resigned as a non-executive director from the boards of Nedbank and Nedbank Ltd with effect from 9 September 2008.
12 Aug 2008 07:36:26
(Media Comment)
According to Business Day, Nedbank CE Tom Boardman announced that the group would be integrating Go Banking into its core offering as the unit had been unable to grow its active client base of around 90 000 customers to a sustainable stand-alone level. Nedbank said that existing customers will have access to the same features and benefits.
06 Aug 2008 09:53:13
(C)
Diluted headline earnings per share increased by 6.8% from 673 cents to 719 cents. Diluted basic earnings per share grew by 29.6% from 678 cents to 879 cents. The group?s return on average ordinary shareholders` equity (ROE), excluding goodwill, decreased to below the group?s medium- to long-term target, declining from 24.7% to 21.3% for the period. This decline resulted from a reduction in gearing as the group increased its core Tier 1 capital adequacy to position the bank in the current environment, and from a lower return on assets caused mainly by higher retail impairment levels and lower private-equity- related earnings. ROE declined from 21.2% to 18.7%. Headline earnings increased by 6.1% from R2 775 million to R2 943 million for the period to June 2008. Basic earnings grew by 28.6% to R3 597 million (June 2007: R2 798 million).



Dividends

An interim dividend of 310 cents per ordinary share has been declared, payable to shareholders for the six months ended 30 June 2008.



Prospects

The group currently expects to show positive earnings growth for the full year. However, in 2008 it is unlikely that the group will meet all its medium-to long-term financial targets.
31 Jul 2008 09:18:24
(Official Notice)
Shareholders are accordingly advised that, taking the profit on the sale of Visa shares and other non-trading and capital items into account, diluted basic earnings per share for the period are estimated to be between 28% and 31% higher than the 678 cents per share reported for the period to June 2007. Diluted headline earnings per share for the period are expected to be between 5% and 8% higher than the 673 cents per share reported for the period to June 2007. Nedbank's results for the six months ended 30 June 2008 will be released on SENS on Wednesday, 6 August 2008.
14 Jul 2008 16:08:15
(Official Notice)
Fitch Ratings has affirmed the ratings of Nedbank and its 100%-owned subsidiary, Nedbank Ltd, at long-term issuer default rating (IDR) 'BBB' and 'BBB+', respectively.
08 Jul 2008 08:00:29
(Media Comment)
The Sunday Times Business Times reported that Nedbank's board wants to make CE Tom Boardman's handover to his successor as smooth as possible. The board will try to achieve this by choosing a replacement more than a year ahead of schedule. Boardman is set to retire in February 2010 as he reaches Nedbank's mandatory retirement age of 60 at the end of 2009. Three black contenders are believed to be on the short list.
04 Jun 2008 09:29:23
(Official Notice)
Nedbank`s director of group technology, Len de Villiers, has resigned from the group with effect from 31 July 2008.
29 May 2008 09:40:23
(Official Notice)
In terms of the amendments to the Banks Act which give effect to the changes in banking legislation under Basel II, registered banks are obliged to report additional information on a quarterly basis. The profit from non-trading and capital items, together with headline earnings, increased the group's Tier 1 capital ratios. The group's Tier 1 capital adequacy ratio improved from 8.0% in December 2007 to 8.2% in March 2008 and the total capital adequacy from 11.2% to 11.4%.



In addition, the regulations require details of any risk exposure or other item that is subject to rapid or material change. In this respect Nedbank referred back to its earlier released trading statement where it was stated:



"The further interest rate rise in April, together with the effects of electricity outages and the continued increases in the cost of basic commodities, including fuel and food, will increase pressure on clients' disposable income, which will further compound levels of credit stress, particularly in the retail advances portfolios. Further interest rate increases, should they occur, will add to consumer and business credit stress. These pressures on the economy, together with heightened market volatility, have increased forecast risk. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, global, national and regional economic conditions, levels of securities markets, interest rates, credit or other risks of lending and investment activities, together with competitive and regulatory factors."
13 May 2008 15:09:53
(Official Notice)
Members are advised that, at the general meeting of members of Nedbank Group held at the registered office of the company on Tuesday, 13 May 2008, immediately after the annual general meeting, the following resolutions were passed by the requisite majority of shareholders :

*the amendments to the SA Black Business Partners Schemes, the SA Corporate Scheme, the SA Non-executive Directors Scheme and the SA Retail Scheme relating to the SA BEE transaction;

*the amendments to the Namibian Discretionary Trust Scheme, the Namibian Education Trust Scheme, the Namibian Strategic Business Partners Schemes and the Namibian Strategic Community Partners Schemes relating to the Namibian BEE transaction;

*a specific issue of Nedbank Group ordinary shares for cash; and amendments to the 2005 Share Incentive Scheme.

The special resolutions will be submitted for registration with the Companies and Intellectual Property Registration Office in due course. Shareholders representing 79.54% of the issued share capital in Nedbank Group were present in person or by proxy at the meeting.
13 May 2008 15:08:18
(Official Notice)
Shareholders are advised that at the annual general meeting of Nedbank Group held on Tuesday, 13 May 2008, all the ordinary resolutions and the special resolution were passed by the requisite majority. The special resolution will be submitted for registration with the Companies and Intellectual Property Registration Office in due course. Shareholders representing 78.27% of the issued share capital in Nedbank Group were present in person or by proxy at the meeting.
07 May 2008 09:04:10
(Official Notice)
06 May 2008 13:01:01
(Official Notice)
Shareholders are advised that the group?s consultancy contract with non- executive director Lot Ndlovu, which was due to expire on 30 April 2008, has been extended to 31 December 2008, on the same terms and conditions.
16 Apr 2008 13:16:41
(Official Notice)
Shareholders are advised that the annual financial statements have been dispatched to shareholders on 16 April 2008. The annual financial statements will also be available online on the Nedbank Group website (www.nedbankgroup.co.za). The annual financial statements contain no changes from the reviewed preliminary financial results which were published on 27 February 2008.



Confirmation is hereby given that the 41st annual general meeting of shareholders of Nedbank Group will be held at the registered office of the group in the Auditorium, Retail Place West, Nedbank Sandton, 135 Rivonia Road, Sandown on Tuesday, 13 May 2008 at 09:00 to transact businesses as stated in the notice of the annual general meeting forming part of the annual financial statements.
14 Apr 2008 13:10:01
(Official Notice)
The announcement of the company's annual results for the year ended 31 December 2007 was released on SENS on 27 Wednesday 2008, in which notice was given that an award of new fully paid Nedbank ordinary shares ("the new shares") would be made to shareholders recorded in the register of the company at the close of business on Friday, 11 April 2008 ("the record date"). In terms of the announcement shareholders would be entitled, in respect of all or part of their shareholding, to elect to participate in the capitalisation award, failing which they would receive the cash dividend alternative (350 cents per ordinary share) to be paid to those shareholders not electing to participate in the capitalisation award. The last day to trade to participate in the capitalisation award or the cash dividend alternative was Friday, 4 April 2008.



The number of the new shares to which shareholders wishing to participate in the capitalisation award would become entitled was determined in the ratio that 350 cents per Nedbank ordinary share bears to R113.56, being the 30-day volume-weighted average traded price of Nedbank Group ordinary shares on JSE Ltd at the close of business on Thursday, 27 March 2008. This equated to 3.08207 new shares for every 100 Nedbank ordinary shares held on the record date. Fractions of shares will not be issued. Nedbank ordinary shareholders holding 131 061 175 Nedbank ordinary shares elected to receive the capitalisation award, resulting in the issue of 4 039 422 new shares. Accordingly, a cash dividend of R1 157 608 823 was paid in respect of 330 745 378 Nedbank ordinary shares. Dividend cheques and share certificates in respect of the new shares were posted to certificated shareholders at their risk and the participant or broker custody accounts of dematerialised shareholders were credited on Monday, 14 April, 2008.
28 Mar 2008 15:40:09
(Official Notice)
Nedbank seeks members' approval in order to effect the following changes:



Amendments to the SA BEE transaction and the Namibian BEE transaction

The amendments envisaged intend replacing Nedbank group's current obligation of issuing:

*capitalisation dividends with a cash dividend alternative; and

*Ordinary shares in terms of various BEE performance agreements ("reinvestment shares") to their BEE partners to one where the company may issue cash dividends, the proceeds of which must be used by the BEE partners to either: acquire ordinary shares on the open market; or if so instructed by the company, subscribe for ordinary shares.



Conditions precedent and circular

The implementation of the amendments to the SA BEE transaction and the Namibian BEE transaction, the reallocation of ordinary shares from the SA Retail Scheme to the SA Black Management Scheme and the amendments to the 2005 Share Incentive Scheme are subject to:

*the passing of the relevant special and ordinary resolutions by the requisite majority of members at the general meeting to be held on Tuesday, 13 May 2008, immediately after the AGM which is scheduled to begin at 9:00 at the company's registered office at 135 Rivonia Road, Sandown, Sandton. The resolutions are set out in the notice of general meeting contained in the circular to members posted on Friday, 28 March 2008; and

*the registration of those resolutions which are special resolutions by the Registrar of Companies.
28 Mar 2008 11:01:03
(Official Notice)
Notice is hereby given that an award of new fully paid ordinary shares will be distributed to shareholders recorded in the register of the company at the close of business on Friday, 11 April 2008. In terms of the announcement, shareholders will be entitled in respect of all or part of their shareholding, to elect to participate in the capitalisation award, failing which they will receive the cash dividend alternative (350 cents per ordinary share that will be paid to those shareholders not electing to participate in the capitalisation award). The last day to trade to participate in the capitalisation award or the cash dividend alternative will be Friday, 4 April 2008. A circular (including a form of election) dealing with the capitalisation award was posted to shareholders on Wednesday, 19 March 2008.
27 Feb 2008 09:37:46
(C)
Headline earnings increased by 33.5% to R5 921 million. Basic earnings grew by 32.9% to R6 025 million. Headline earnings per share (EPS) increased by 33.8% to 1 485c (1 110c). Diluted headline EPS increased by 32.8% from 1 076c to 1 429c. Basic EPS grew by 33.1% from 1 135c in 2006 to 1 511c in 2007. The group's return on average ordinary shareholders' equity (ROE) improved from 18.6% to 21.4% for the year, exceeding the target of 20% that was set in 2004 at the start of the group's recovery programme. ROE, excluding goodwill, improved from 22.1% to 24.8%.



Dividend

Shareholders will again be offered a capitalisation award with a cash dividend alternative of 350cps.



Prospects

The slowdown in consumer spending, the increase in consumer credit stress, continuing electricity shortages and ongoing volatility in credit and equity markets are likely to make the year ahead significantly more challenging for the South African economy and the banking sector. The key factors influencing performance in 2008 are likely to be the following:

*Slower growth in retail advances, together with continued good growth in wholesale advances, although the influence of electricity shortages on the economy may slow this growth. As a result, total advances are expected to grow in the mid-teens.

*Lower margins as margin compression in certain categories of advances and continued industry reliance on wholesale funding are expected to be only partially offset by an endowment benefit in the margin resulting from past interest rate increases.

*Higher impairment charges due to the impact of higher interest rates on the retail portfolios and lower wholesale recoveries.

*Fewer positive once-off items and revaluations in the private equity portfolios.

While the general banking environment will be much tougher than in previous years, the group is confident of continuing to improve its performance off the solid platform built over the past four years. The group's focus is now on working towards our vision of becoming southern Africa`s most highly rated and respected bank.
19 Feb 2008 15:23:03
(Official Notice)
Nedbank advise that Cedric Savage has informed the boards of his decision to take early retirement as an independent non-executive director with effect from 14 May 2008.
26 Jun 2006 17:10:03
(Official Notice)
Nedbank Group indicated in its first quarter 2006 trading update that the group's results for the six months ending 30 June 2006 would be released on SENS on 2 August 2006. This date has now been changed to Monday, 7 August 2006. The results will be released on SENS at approximately 08:00 South African time, and there will be a presentation to analysts at 16:00, which will also be accessible on Summit TV, by webcast and teleconference.
05 May 2006 09:07:33
(Official Notice)
At the annual general meeting of Nedbank Group all the ordinary and special resolutions outlined were passed by the requisite majority, with the exception of no nominations were received for any person to be proposed as a director in terms of the company's articles of association. The special resolution related to a general authority being granted for the company to repurchase its shares, and will be submitted for registration in due course.



Warren Clewlow retired as a non-executive director and chairman of Nedbank Group and Nedbank at the meeting, having reached the mandatory retirement age. Dr Reuel Khoza, who was appointed chairman designate on 25 November 2005, has succeeded Mr Clewlow as chairman with immediate effect. Julian Roberts has resigned as a non-executive director of Nedbank Group and Nedbank with effect, following his appointment as chief executive officer and director of Old Mutual plc subsidiary, Skandia.
04 May 2006 15:22:07
(Official Notice)
19 Apr 2006 15:30:01
(Official Notice)
Nedbank Ltd, a wholly-owned subsidiary of Nedbank Group, has issued a BESA listed subordinated unsecured bond of R1.5 billion, callable on 24 April 2011. The bond, which qualifies as regulatory Tier II capital, was issued to pre-finance a portion of the NED1 R2.0 billion BESA listed issue, which Nedbank intends calling on the scheduled call date of 20 September 2006, subject to prior written approval by the Registrar of Banks. This issue is part of the bank's long-term capital management programme, which seeks to achieve an optimal and prudent capital structure. The bond was placed by Nedbank Capital as sole bookrunner. Citigroup is appointed as a manager and dealer on the NED5 issue.
12 Apr 2006 17:17:35
(Official Notice)
03 Apr 2006 16:36:05
(Official Notice)
Nedbank Ltd, a wholly-owned subsidiary of Nedbank Group, has mandated Nedbank Capital to lead manage, together with Citigroup, a Tier II capital bond issue of up to R1.5 billion. This bond issue aims to balance the levels of debt and equity in regulatory capital, as part of the bank's long-term capital management programme. Application will be made to list the bond on the Bond Exchange of South Africa.
03 Apr 2006 15:31:19
(Official Notice)
The announcement of the companys results for the year ended 31 December 2005 was released on SENS on Monday, 20 February 2006 wherein notice was given that an award of new fully paid Nedbank ordinary shares would be distributed to shareholders recorded in the register of the company at the close of business on Friday, 31 March 2006. Shareholders would be entitled, in respect of all or part of their shareholding, to elect to participate in the capitalisation award failing which they would receive the cash dividend alternative (185c per ordinary share that would be paid to those shareholders not electing to participate in the capitalisation award). The last day to trade to participate in the capitalisation share award or the cash dividend alternative was Friday, 24 March 2006. The number of the new shares to which shareholders wishing to participate in the capitalisation award would become entitled was determined in the ratio that 185c per Nedbank ordinary share bears to 11 597c, being the 30 day volume weighted average traded price of Nedbank ordinary shares on the JSE as at the close of business on Wednesday, 15 March 2006. This equated to 1.5952 new shares for every 100 Nedbank ordinary shares held on the record date. Fractions of shares were not to be issued. Nedbank ordinary shareholders holding 163 837 867 ordinary shares elected to receive the capitalisation share award, resulting in the issue of 2 613 569 new shares. A cash dividend of R517 898 013.20 was paid in respect of 279 944 872 shares.
16 Mar 2006 11:21:33
(Official Notice)
Further to the announcement of the company's results for the year ended 31 December 2005 released on SENS on Monday, 20 February 2006, an award of new fully paid ordinary shares will be distributed to shareholders recorded in the register of the company at the close of business on Friday, 31 March 2006 ("the record date"). In terms of the announcement, shareholders will be entitled, in respect of all or part of their shareholding, to elect to participate in the capitalisation award failing which they will receive the cash dividend alternative (185c per ordinary share that will be paid to those shareholders not electing to participate in the capitalisation award). The last day to trade to participate in the capitalisation share award or the cash dividend alternative will be Friday, 24 March 2006. The number of shares to which shareholders wishing to participate in the capitalisation award will become entitled will be determined in the ratio that 185c per ordinary share bears to 11597c, being the 30 day volume weighted average traded price of Nedbank Group ordinary shares on the JSE as at the close of business on Wednesday, 15 March 2006 ("VWAP"), the formula being: Capitalisation share entitlement = (number of shares held on the record date x 185 cents)/(VWAP of Rx). This equates to 1.5952 new Nedbank ordinary shares for every 100 Nedbank ordinary shares held. Subject to the approval of the JSE, a listing of the maximum number of new shares to be issued pursuant to the capitalisation award will commence on Monday, 27 March 2006. The new shares will trade "ex" the entitlement with effect from the commencement of business on Monday, 27 March 2006.
08 Mar 2006 16:23:09
(Official Notice)
Nedbank has appointed Nombulelo ("Pinky") Moholi as director of group strategy, marketing and corporate affairs.
08 Mar 2006 08:43:46
(Official Notice)
Nedbank announced the sale of its 20.1% interest in the State Bank of Mauritius for an amount of around USD50 million. The sale, which was subject to conditions and in line with its strategy of focusing on core banking operations, would not have a material effect on the finances of the group. This programme, which was started in early 2004, has now been largely completed, realising proceeds of over R4 billion for the group at a profit in excess of R1 billion.
20 Feb 2006 10:41:25
(C)
19 Jan 2006 15:19:25
(Official Notice)
Nedbank received applications for shares from 47 523 individuals in terms of the Nedbank Eyethu Ownership Plan. The value of applications received totaled approximately R740 454 492. Applicants who applied before 15 November 2005 have already been informed of the result of their application and the number of shares allocated to them. Applicants who applied after 15 November 2005 and before 30 November 2005 will be informed before 31 January 2006 of the result of their application and the number of shares to be allocated to them, which is expected to be the full number of shares for which they have applied.
19 Dec 2005 11:46:51
(Official Notice)
CA-Ratings announced on 19 December 2005 that it affirmed Nedbank's national long-term rating at zaAA- and short-term rating at zaA1+ but has changed the rating outlook from stable to positive. The positive outlook reflects CA-Ratings' view that an upgrade of the long-term rating is possible within the next 12 months.
25 Nov 2005 11:45:12
(Official Notice)
As indicated in the Nedbank 2004 annual report, Warren Clewlow will be retiring as chairman of Nedbank with effect from the conclusion of the Nedbank 2006 annual general meeting to be held on 4 May 2006, as he will have reached the mandatory retirement age. Reuel Khoza has been elected as Warren Clewlow's successor.
15 Nov 2005 15:20:24
(Official Notice)
Applicants to the Nedbank Eyethu Ownership Plan are referred to the announcements released on SENS on 15 August 2005 and the prospectus dated 15 August 2005 wherein the closing date of the Nedbank Eyethu Ownership Plan was set out as 15:00 on Tuesday, 15 November 2005. Significant numbers of applications are currently being delivered and posted to Nedbank on a daily basis. Consequently, the closing date for the Nedbank Eyethu Ownership Plan has been extended for two weeks, to 30 November 2005, to allow for late applications to be submitted and processed. Applicants are informed that, should the Nedbank Eyethu Ownership Plan be oversubscribed, applications received after Tuesday, 15 November 2005 will be proportionately reduced, while applications received prior to Tuesday, 15 November 2005 will receive their full allocations.
15 Nov 2005 14:27:33
(Media Comment)
Commenting on the performance of Nedbank's share price over a five year period, Business Times' Top 100 supplement noted that out of the Top 40 companies on the JSE, Nedbank is the only company that showed a 7% annual compound decline. The survey ranked companies by growth in share price in addition to dividends being reinvested over a five year period.
14 Nov 2005 09:39:15
(Official Notice)
The unaudited trading results for the nine months to 30 September 2005 are slightly ahead of management expectations, driven primarily by the continued positive banking and credit environment, tight expense control and favourable property investment revaluations. increased by 17.1% to R6.2 billion over the corresponding period in 2004. increased by 2.0% to R5.8 billion and the efficiency ratio (excluding foreign currency translation gains) improved by 7.2% to 68.3%.



Net interest income ("NII") performed in line with management expectations, with advances levels benefiting from improved asset growth in Nedbank Retail. Margin (based on average interest-earning banking assets) has improved from 3.18% for the nine months ended September 2004 to 3.45% for the period. Non-interest revenue ("NIR"), after adjusting for the disposal of Nedbank Retail's international businesses in 2004 and the strong growth from BondChoice, increased by approximately 4%. Growth in transactional banking remains challenging, but the group has benefited from favourable property revaluations in Nedbank Corporate and continued strong deal flow in Nedbank Capital.





Earnings forecast to 31 December 2005

Assuming exchange rates remain at current levels the group expects headline earnings to be between 58% and 78% higher than the R1 742 million restated results under International Financial Reporting Standards for 2004. Headline earnings per share is still estimated to be between 44% and 62% greater than the IFRS restated 483 cps reported for December 2004. Based on the forecast range of headline earnings per share above and the net capital profits from non-core assets, basic earnings per share for the full year to December 2005 is still estimated to be between 106% and 126% higher than the IFRS restated 423 cps reported for December 2004. Shareholders are advised that these forecasts have not been reviewed or reported on by the group's auditors. Nedbank's results for the year ending 31 December 2005 will be released on SENS on Monday, 20 February 2006.
20 Oct 2005 13:34:23
(Official Notice)
Fitch Ratings has today upgraded the Long-term foreign currency rating of Nedbank Group and Nedbank to "BBB" from "BBB-" (BBB minus). At the same time, the agency upgraded the Individual rating of the group and the bank to "C" from "C/D". All other ratings of the group and bank have been affirmed. The outlook on all the Long-term ratings is Stable.
12 Sep 2005 16:24:33
(Official Notice)
The company`s interim results announcement for the six months ended 30 June 2005 was released on SENS on 4 August 2005 wherein notice was given that an award of new fully paid Nedbank ordinary shares would be distributed to shareholders recorded in the register of the company at the close of business on Friday, 9 September 2005. In terms of the announcement, shareholders would be entitled, in respect of all or part of their shareholding, to elect to participate in the capitalisation award failing which they would receive the cash dividend alternative (105c per ordinary share that would be paid to those shareholders not electing to participate in the capitalisation award). The last day to trade to participate in the capitalisation share award or the cash dividend alternative was Friday, 2 September 2005. The number of the new shares to which shareholders wishing to participate in the capitalisation award would become entitled was determined in the ratio that 105c per Nedbank ordinary share bears to 8 612c, being the 30 day volume weighted average traded price of Nedbank ordinary shares on the JSE as at the close of business on 25 August 2005. This equated to 1.21923 new shares for every 100 Nedbank ordinary shares held on the record date. Fractions of shares were not to be issued. Nedbank ordinary shareholders holding 347 966 517 Nedbank ordinary shares elected to receive the capitalisation share award, resulting in the issue of 4 242 512 new shares. Accordingly, R94 461 976.35 was paid in respect of cash dividends.
26 Aug 2005 14:10:40
(Official Notice)
Further to the company`s interim results announcement for the six months ended 30 June 2005 released on SENS on 4 August 2005, notice is hereby given that an award of new fully paid ordinary shares will be distributed to shareholders recorded in the register of the company at the close of business on Friday, 9 September 2005. In terms of the announcement, shareholders will be entitled, in respect of all or part of their shareholding, to elect to participate in the capitalisation award failing which they will receive the cash dividend alternative (105c per ordinary share that will be paid to those shareholders not electing to participate in the capitalisation award). The last day to trade to participate in the capitalisation share award or the cash dividend alternative will be Friday, 2 September 2005.



The number of shares to which shareholders wishing to participate in the capitalisation award will become entitled will be determined in the ratio that 105c per ordinary share bears to 8612c, being the 30 day volume weighted average traded price of Nedbank Group ordinary shares on the JSE as at the close of business on 25 August 2005 (`VWAP`), the formula being: Capitalisation share entitlement = (number of shares held on the record date x 105 cents)/(VWAP of Rx) This equates to 1.21923 new Nedbank Group ordinary shares for every 100 Nedbank Group ordinary shares held. Shareholders wishing to participate in the capitalisation award in respect of all or part of their shareholding must elect to do so. Subject to the approval of the JSE, a listing of the maximum number of new shares to be issued pursuant to the capitalisation award will commence on Monday, 5 September 2005.
16 Aug 2005 14:31:41
(Official Notice)
The boards of directors of Nedbank Group and Nedbank Ltd have announced the appointments of the following non-executive directors with effect from 16 August 2005:

*Gloria Serobe, founding member of Wiphold and chief executive officer of Wipcapital;

*Mustaq Enus-Brey, chief executive officer of Brimstone Investment Corporation; and

*Reuel Khoza, chairman of Aka Capital.

These board appointments follow the finalisation of the black economic empowerment (`BEE`) transaction by Nedbank Group and acknowledge the strategic role to be played by the black business partners in the group`s affairs. Mrs Serobe will represent the Wiphold consortium and Mr Enus-Brey the Brimstone consortium, while Mr Khoza represents Aka Capital which will participate in the Nedbank Group corporate client scheme as a business development partner. Mrs Serobe and Mr Enus-Brey will serve on the Group Audit Committee and Mr Khoza will join the Group Remuneration Committee and Group Credit Committee.

11 Aug 2005 15:37:10
(Official Notice)
As part of Nedbank Group`s strategy of focusing on its core business of banking and disposing of non-core assets, the group elected to sell 6 652 819 shares in Net1 U.E.P.S. Technologies, Inc. (`Net1`) as part of that company`s public offering and subsequent listing on NASDAQ. Net1 confirmed on Wednesday, 3 August 2005 that it had priced the public offering of 10 258 625 Net1 shares at USD22 per share on 2 August 2005. The offer closed on Monday, 8 August 2005. Nedbank Group has received confirmation that, in terms of the public offering, all the shares tendered have been sold. Nedbank Group has received approximately USD136.1m in net proceeds from the offering (after deduction of costs). This sale has resulted in a capital profit of approximately R793m before any tax. As the Net1 shares were accounted for as an `available for sale asset` and valued at USD16.40 per share at 30 June 2005, the net asset value of Nedbank Group has increased by R177m (before any tax) since the end of the half year based on the net sale price achieved. Post the sale, Nedbank Group still holds 1.5 million Net1 shares.



Following the confirmation of the sale of the Net1 shares, the group has revised its forecast for basic earnings per share announced on Thursday, 4 August 2005. The group now forecasts, assuming that exchange rates remain constant, that basic earnings per share for the full year to December 2005 will be between 106% and 126% higher than the International Financial Reporting Standards (`IFRS`) restated 423c per share reported for December 2004. The profit from the sale of these Net1 shares does not have an effect on headline earnings as it is treated as a capital profit and accordingly the group forecast for headline earnings remains unchanged, with headline earnings expected to be between 58% and 78% higher than the R1 742m restated results under IFRS for 2004. Headline earnings per share are still estimated to be between 44% and 62% greater than the IFRS restated 483c per share reported for December 2004.
08 Aug 2005 17:50:49
(Official Notice)
Shareholders are referred to the announcement on 19 April 2005 of the company`s intention to introduce direct, broad-based black ownership into the Nedbank Group by way of the issue of 41 268 130 new ordinary shares in the Nedbank Group, the circular to Shareholders posted on 15 June 2005 describing the Transaction and the announcement of the results of the general meeting held on 22 July 2005 stating that all required ordinary and special resolutions were duly passed by the requisite majority of Shareholders. The implementation of the Transaction was subject to the fulfilment of certain conditions precedent. The board of Nedbank Group announced that the outstanding conditions precedent have been fulfilled and the Transaction is now wholly unconditional. Accordingly the New Nedbank Shares were issued and listed on the JSE with effect from 8 Aug 05.
04 Aug 2005 10:10:25
(C)
26 Jul 2005 13:36:41
(Official Notice)
Nolitha Fakude, the head of group strategy and corporate affairs of Nedbank Group, has resigned from the group with effect from 30 September 2005. Fakude has accepted a position as executive director of human resources and strategy at Sasol Ltd.
22 Jul 2005 17:32:10
(Official Notice)
Nedbank Group notified its ordinary shareholders on 19 April 2005 of its intention to introduce direct, broad-based black ownership into the Nedbank Group by way of the issue of 41 268 130 new ordinary shares in the Nedbank Group (`New Nedbank Shares`) (`the transaction`). A circular to Shareholders was posted on 15 June 2005 describing the transaction. The implementation of the transaction was subject to the fulfilment of certain conditions precedent and the passing at the general meeting of Nedbank Group at 15:00 on 22 July 2005 of all required ordinary and special resolutions.



The board of Nedbank Group has announced that the resolutions have been duly passed by the requisite majority of shareholders.



It is expected that the transaction will be wholly unconditional by 8 August 2005, the expected date of the issue of the New Nedbank Shares and listing on the JSE. A further announcement will be made to shareholders informing them that the transaction is wholly unconditional and that the New Nedbank Shares have been issued and listed.
21 Jul 2005 17:41:44
(Official Notice)
Nedbank Group advised shareholders in a trading statement released on 5 May 2005 that, assuming exchange rates remained at the levels prevailing at the time, forecasts for the six months to 30 June 2005 would be as follows:

* Headline earnings per share was forecast to be between 15% and 30% higher than the IFRS restated 245 cents per share reported for the first half of 2004;

* Headline earnings were forecast to be between 38% and 56% higher than the R802 million restated results under IFRS for the first half of 2004; and

*Attributable earnings per share was forecast to be between 16% and 31% higher than the IFRS restated 247 cents per share reported for the first half of 2004.

Nedbank Group has revised these forecasts mainly as a result of the following factors:

* The 11% decline in the value of the rand, which weakened from its level of R5.97:USD1.00 on 5 May 2005 to R6.67:USD1.00 on 30 June 2005, resulting in foreign exchange translation gains of approximately R165 million, which is R70 million higher than expected;

* A lower than expected impairment expense; and

* The deferral of approximately R40 million (after tax) of recovery programme expenses to the second half of the year.



The revised forecasts for the six months to 30 June 2005 are as follows:

* Headline earnings per share will be between 40% and 50% higher than the IFRS restated 245 cents per share reported for the first half of 2004;

* Headline earnings are expected to be between 68% and 80% higher than the R802 million restated results under IFRS for the first half of 2004; and

*Attributable earnings per share is estimated to be between 39% and 49% higher than the IFRS restated 247 cents per share reported for the first half of 2004.

These revised forecasts have not been audited or reviewed by the group`s auditors.

02 Jun 2005 14:09:08
(Permanent)
Nedcor Ltd was renamed Nedbank Group Ltd with effect from 16 May 2005.
17 May 2005 10:35:02
(Permanent)
Results from December 2004 are presented in terms of IFRS. Results prior to December 2004 are not comparable.
12-Jun-2018
(X)
Nedbank Group is one of SA?s four largest banking groups by assets and deposits, with Nedbank Ltd. being its principal banking subsidiary. Nedbank Group is a JSE Top 40 company with its ordinary shares listed on the JSE since 1969 and on the Namibian Stock Exchange since 2007. The group's market capitalisation was R128 billion at 31 December 2017. Old Mutual plc is Nedbank Group's majority shareholder, with a 54.05% ownership of the group. The group provides a wide range of wholesale and retail banking services and a growing insurance, asset management and wealth management offering through four main business operations, namely Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth and Rest of Africa.



Nedbank Group?s primary market remains SA, however, the group is continuing to expand into the rest of Africa. Outside SA Nedbank Group has a presence in six countries in the Southern African Development Community (SADC) and East Africa region where the group owns subsidiaries and banks in Namibia, Swaziland, Malawi, Mozambique, Lesotho, Zimbabwe, as well as representative offices in Angola and Kenya. In West and Central Africa, Nedbank Group has a partnership strategy and concluded the acquisition of an approximate 20% shareholding in Ecobank Transnational Incorporated (ETI) in 2014, enabling a unique one-bank experience to the group's clients across the largest banking network in Africa, comprising more than 2 000 branches in 39 countries. Outside Africa the group has presence in key global financial centres to provide international banking services for SA-based multinational and high-net-worth clients in the Isle of Man, Guernsey, Jersey and London, Toronto and Dubai (UAE).


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