NEDBANK GROUP LIMITED - Appointment of Ingrid Johnson as Old Mutual Plc Group Finance Director

Appointment of Ingrid Johnson as Old Mutual Plc Group Finance Director

NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
('Nedbank Group' or 'the group')

APPOINTMENT OF INGRID JOHNSON AS OLD MUTUAL PLC GROUP FINANCE
DIRECTOR

Nedbank Group, 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.

Mike Brown, Nedbank Group Chief Executive commented: “Under Ingrid’s leadership
Nedbank Retail has been repositioned into a client-centred and aspirational bank for
all with excellent risk management practices and Nedbank Business Banking's
strategic positioning has been substantively enhanced. The strength of Nedbank’s
franchise has grown significantly as a result. We are sad to see Ingrid leave Nedbank
but she has been offered a new and exciting challenge within the greater Old Mutual
Group. The Group Exco expresses its deep appreciation to Ingrid for her substantial
contribution to the Nedbank Group and we wish her every success in her new role."

Ingrid Johnson commented on her appointment: "I wish to thank the Nedbank Group
for the diverse career experiences over 20 years that have culminated in having the
privilege of fulfilling this new role in Old Mutual plc. Nedbank Retail and Business
Banking Clusters are strongly positioned to continue delivering sustainable profitable
growth, with downside risk protection for a deteriorating consumer credit cycle. I am
confident in the high calibre of the retail and business banking leadership teams to
continue on our chosen growth path, leveraging the collaborative and innovative
people centred culture to contribute meaningfully to the group and its stakeholders. I
wish the team and our people great success in the future."

Nedbank has an excellent leadership team and a strong succession pipeline. We
have initiated the process to announce Ingrid’s successor well before 1 July 2014.

Mike Brown
Chief Executive

Sandton
14 May 2014

Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital

Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd




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