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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
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 to the executive directors of Nedbank Group and Nedbank Limited.
In terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share
Scheme, 70,7% of the restricted shares allocated with performance-based vesting criteria on
2 March 2010, and all the restricted shares allocated on 3 March 2010 with time-based
vesting criteria, vested on 3 and 4 March 2013 respectively.
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.
Name: MWT Brown
Capacity: Chief Executive
Date of transaction (vesting date): 3 March 2013
Vesting price per share: R194,55
Number of securities: 30 655
Total value: R5 963 930,25
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: 2 March 2010
Nature of trade: Off market
Extent of interest: Indirect beneficial
Name: MWT Brown
Capacity: Chief Executive
Date of transaction (vesting date): 4 March 2013
Vesting price per share: R194,55
Number of securities: 43 360
Total value: R8 435 688,00
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: 3 March 2010
Nature of trade: Off market
Extent of interest: Indirect beneficial
Name: GW Dempster
Capacity: Executive Director
Date of transaction (vesting date): 3 March 2013
Vesting price per share: R194,55
Number of securities: 14 597
Total value: R2 839 846,35
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: 2 March 2010
Nature of trade: Off market
Extent of interest: Indirect beneficial
Name: GW Dempster
Capacity: Executive Director
Date of transaction (vesting date): 4 March 2013
Vesting price per share: R194,55
Number of securities: 20 647
Total value: R4 016 873 ,85
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: 3 March 2010
Nature of trade: Off market
Extent of interest: Indirect beneficial
Name: RK Morathi
Capacity: Executive Director
Date of transaction (vesting date): 3 March 2013
Vesting price per share: R194,55
Number of securities: 25 265
Total value: R4 915 305,75
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: 2 March 2010
Nature of trade: Off market
Extent of interest: Indirect beneficial
Name: RK Morathi
Capacity: Executive Director
Date of transaction (vesting date): 4 March 2013
Vesting price per share: R194,55
Number of securities: 35 736
Total value: R6 952 438,80
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: 3 March 2010
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 3 March 2010, the following
restricted Nedbank Group ordinary shares held by the executive directors of Nedbank Group
and Nedbank Limited were forfeited on 3 March 2013:
Name Number of Notional Total notional value Determination date
restricted value of loss lost
shares per share on
forfeited forfeiture
MWT 12 705 R194,55 R2 471 757,75 4 March 2013
Brown
GW 6 050 R194,55 R1 177 027,50 4 March 2013
Dempster
RK Morathi 10 471 R194,55 R2 037 133,05 4 March 2013
Sandton
4 March 2013
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: 04/03/2013 03:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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