NEDBANK GROUP LIMITED - Update on Succession Process for Group Managing Executive: Retail and Business Banking

Update on Succession Process for Group Managing Executive: Retail and Business Banking

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”)

UPDATE ON SUCCESSION PROCESS FOR GROUP MANAGING EXECUTIVE: RETAIL AND
BUSINESS BANKING

On 14 May 2014, at the time of announcing Ingrid Johnson’s appointment as
Finance Director of Old Mutual Plc, we indicated our intention to announce
the successor for the role of Nedbank Group Managing Executive: Retail and
Business Banking by 30 June 2014.

Good progress has been made and we have completed the interview process
from the internal list of candidates which highlighted the talent within
Nedbank. We are in the process of finalising the appointment as well as
reviewing possible consequential moves that may arise.

We now expect to announce the successful candidate on or before the group’s
interim results presentations scheduled for 5 August 2014.

Sandton
30 June 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

Date: 30/06/2014 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.