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Dealings in securities by executive directors
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”)
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS: VESTING OF RESTRICTED SHARES
PREVIOUSLY ALLOCATED TO EXECUTIVE DIRECTORS IN 2011
In terms of paragraphs 3.63 - 3.66 of the Listings Requirements of the JSE Limited, the
following information is disclosed in respect of the vesting of Nedbank Group ordinary
shares that were allocated to the executive directors of Nedbank Group and Nedbank
Limited on 7 and 8 March 2011.
In terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share
Scheme, 85.93% of the restricted shares allocated with performance-based vesting criteria
on 7 March 2011, and all the restricted shares allocated on 8 March 2011 with time-based
vesting criteria, vested on 10 March 2014.
The restricted shares, issued at no cost to eligible employees, are fully taxable and subject to
the deduction of PAYE at the time of vesting. Participants are entitled to the dividends paid
on the restricted shares from the date the award is made.
Name: MWT Brown
Capacity: Chief Executive
Date of transaction (vesting date): 10 March 2014
Vesting price per share: R215.77
Number of securities: 20 071
Total value: R4 330 719.67
Nature of transaction: Vesting of performance-based restricted
shares in terms of participation in the
Nedbank Group (2005) Share Option,
Matched Share and Restricted Share Scheme
Inception date: 7 March 2011
Nature of trade: Off market
Extent of interest: Indirect beneficial
Name: MWT Brown
Capacity: Chief Executive
Date of transaction (vesting date): 10 March 2014
Vesting price per share: R215.77
Number of securities: 23 357
Total value: R5 039 739.89
Nature of transaction: Vesting of time-based restricted shares in
terms of participation in the Nedbank Group
(2005) Share Option, Matched Share and
Restricted Share Scheme
Inception date: 8 March 2011
Nature of trade: Off market
Extent of interest: Indirect beneficial
---
Name: GW Dempster
Capacity: Executive Director
Date of transaction (vesting date): 10 March 2014
Vesting price per share: R215.77
Number of securities: 13 381
Total value: R2 887 218.37
Nature of transaction: Vesting of performance-based restricted
shares in terms of participation in the
Nedbank Group (2005) Share Option,
Matched Share and Restricted Share Scheme
Inception date: 7 March 2011
Nature of trade: Off market
Extent of interest: Indirect beneficial
Name: GW Dempster
Capacity: Executive Director
Date of transaction (vesting date): 10 March 2014
Vesting price per share: R215.77
Number of securities: 15 571
Total value: R3 359 754.67
Nature of transaction: Vesting of time-based restricted shares in
terms of participation in the Nedbank Group
(2005) Share Option, Matched Share and
Restricted Share Scheme
Inception date: 8 March 2011
Nature of trade: Off market
Extent of interest: Indirect beneficial
---
Name: RK Morathi
Capacity: Executive Director
Date of transaction (vesting date): 10 March 2014
Vesting price per share: R215.77
Number of securities: 13 381
Total value: R2 887 218.37
Nature of transaction: Vesting of performance-based restricted
shares in terms of participation in the
Nedbank Group (2005) Share Option,
Matched Share and Restricted Share Scheme
Inception date: 7 March 2011
Nature of trade: Off market
Extent of interest: Indirect beneficial
Name: RK Morathi
Capacity: Executive Director
Date of transaction (vesting date): 10 March 2014
Vesting price per share: R215.77
Number of securities: 15 571
Total value: R3 359 754.67
Nature of transaction: Vesting of time-based restricted shares in
terms of participation in the Nedbank Group
(2005) Share Option, Matched Share and
Restricted Share Scheme
Inception date: 8 March 2011
Nature of trade: Off market
Extent of interest: Indirect beneficial
---
As a result of not all the pre-determined performance conditions being fully met in respect
of the performance-based restricted shares allocated on 7 March 2011, the following
restricted Nedbank Group ordinary shares held by the executive directors of Nedbank Group
and Nedbank Limited were forfeited on 10 March 2014:
Name Number of Notional value Total notional Determination
restricted of loss per value lost date
shares forfeited share on
forfeiture
MWT Brown 3 286 R215.77 R709 020.22 10 March 2014
GW Dempster 2 190 R215.77 R472 536.30 10 March 2014
RK Morathi 2 190 R215.77 R472 536.30 10 March 2014
---
Sandton
12 March 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) Limited
Date: 12/03/2014 02:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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