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Dealings in securities by executive directors and company secretary
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: VESTING
OF RESTRICTED SHARES PREVIOUSLY ALLOCATED IN 2013
The following information is voluntarily disclosed in respect of the vesting of Nedbank Group
ordinary shares that were allocated to the executive directors and company secretary of
Nedbank Group and Nedbank Limited on 7 and 8 March 2013.
In terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share
Scheme, 39.5% of the restricted shares allocated with performance-based vesting criteria on
7 March 2013, and 100% of the restricted shares allocated with time-based vesting criteria
on 8 March 2013, vested on 11 March 2016 respectively.
The restricted shares are issued at no cost to eligible employees and are fully taxable and
subject to the deduction of PAYE at the time of vesting. Participants are entitled to the
dividends paid on all restricted shares from the date the award is allocated.
Name: MWT Brown
Capacity: Chief Executive
Date of transaction (vesting date): 11 March 2016
Vesting price per share: R181.00
Number of securities: 11 440
Total value: R2 070 640.00
Nature of transaction: 39.5% 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 2013
Nature of trade: Off market
Extent of interest: Direct beneficial
Page | 1
Name: MWT Brown
Capacity: Chief Executive
Date of transaction (vesting date): 11 March 2016
Vesting price per share: R181.00
Number of securities: 28 962
Total value: R5 242 122.00
Nature of transaction: 100% 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 2013
Nature of trade: Off market
Extent of interest: Direct beneficial
---
Name: RK Morathi
Capacity: Executive Director
Date of transaction (vesting date): 11 March 2016
Vesting price per share: R181.00
Number of securities: 6 240
Total value: R1 129 440.00
Nature of transaction: 39.5% 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 2013
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: RK Morathi
Capacity: Executive Director
Date of transaction (vesting date): 11 March 2016
Vesting price per share: R181.00
Number of securities: 15 797
Total value: R2 859 257.00
Nature of transaction: 100% 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 2016
Nature of trade: Off market
Extent of interest: Direct beneficial
---
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Name: MC Nkuhlu
Capacity: Executive Director
Date of transaction (vesting date): 11 March 2016
Vesting price per share: R181.00
Number of securities: 7 801
Total value: R1 411 981.00
Nature of transaction: 39.5% 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 2013
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: MC Nkuhlu
Capacity: Executive Director
Date of transaction (vesting date): 11 March 2016
Vesting price per share: R181.00
Number of securities: 19 747
Total value: R3 574 207.00
Nature of transaction: 100% 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 2013
Nature of trade: Off market
Extent of interest: Direct beneficial
---
Name: TSB Jali
Capacity: Company Secretary
Date of transaction (vesting date): 11 March 2016
Vesting price per share: R181.00
Number of securities: 4 160
Total value: R752 960.00
Nature of transaction: 39.5% 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 2013
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: TSB Jali
Capacity: Company Secretary
Date of transaction (vesting date): 11 March 2016
Vesting price per share: R181.00
Number of securities: 10 531
Total value: R1 906 111.00
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Nature of transaction: 100% 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 2013
Nature of trade: Off market
Extent of interest: Direct beneficial
---
As a result of the pre-determined corporate performance conditions not all being fully met
in respect of the performance-based restricted shares allocated on 7 March 2013, the
following restricted Nedbank Group ordinary shares held by the executive directors and
Company Secretary of Nedbank Group and Nedbank Limited were forfeited on 11 March
2016:
Name Number of Notional value Total notional Determination
restricted of loss per value lost date
shares forfeited share on
forfeiture
MWT Brown 17 522 R181.00 R3 171 482.00 11 March 2016
RK Morathi 9 557 R181.00 R1 729 817.00 11 March 2016
MC Nkuhlu 11 946 R181.00 R2 162 226.00 11 March 2016
TSB Jali 6 371 R181.00 R1 153 151.00 11 March 2016
---
The required prior written clearance for dealing in these shares has been obtained.
Sandton
14 March 2016
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) Limited
Page | 4
Date: 14/03/2016 04:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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