NEDBANK GROUP LIMITED - Dealings in securities by executive directors and company secretary: 2017 voluntary bonus deferral scheme

Dealings in securities by executive directors and company secretary: 2017 voluntary bonus deferral scheme

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 AND COMPANY SECRETARY:
2017 VOLUNTARY BONUS DEFERRAL SCHEME

In terms of paragraphs 3.63 - 3.66 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of dealings by the executive directors and the company
secretary of Nedbank Group and Nedbank Limited.

The following shares have been committed by the executive directors and the company secretary
to the 2017 Voluntary Bonus Deferral Scheme, whereby up to 50% of an employee’s total after-tax
bonus (less any amount already deferred under the compulsory bonus deferral scheme set out
above) can be used to acquire shares in Nedbank Group which are then committed into the
scheme. Alternatively, the employee can commit shares already owned by them up to an
equivalent amount of 50% of the employee’s total after-tax bonus less any amount already
deferred under the Compulsory Bonus Deferral Scheme. The employee can dispose of these
shares at any time prior to the vesting date, which will cancel their participation in the scheme in
respect of those shares, and will render them ineligible to qualify for any matching of shares.

The date of the transaction was 8 May 2017 and the value of the shares was determined using a
weighted average price of Nedbank Group shares acquired between 4 May 2017 and 8 May 2017.

On the vesting date (the day following three years after the inception date), 50% of the shares still
held in trust in respect of the participant’s portfolio will be matched on a one-for-one basis if the
person has remained in the employ of the company throughout the vesting period. A further 50%
of the shares held on vesting date may be matched on a one-for-one basis if the predetermined
company performance target for the period 2017 to 2019 is met.

Name and Capacity    No. of        Value @            Extent of     Scheme              New shares
                     Shares        R220.17            per interest                      acquired or
                     Committed     share                                                existing shares
                                                                                        utilised
MWT Brown                1249      R274 992.33        Indirect      Voluntary bonus     Existing shares
Chief Executive                                       beneficial    scheme              allocated
RK Morathi               1249      R274 992.33        Indirect      Voluntary bonus     Existing shares
Executive Director                                    beneficial    scheme              allocated
Mfundo Nkuhlu            1249      R274 992.33        Indirect      Voluntary bonus     Shares acquired
Executive Director                                    beneficial    scheme              on open market
TSB Jali                 1249      R274 992.33        Indirect      Voluntary bonus     Existing shares
Company Secretary                                     beneficial    scheme              allocated

In terms of the share scheme rules, employees are entitled to the dividends that are paid on the
shares whilst held in trust.

The required prior written clearance for the share dealings has been obtained.

Sandton
10 May 2017

Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Corporate and Investment Banking

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

Date: 10/05/2017 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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