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NED - Nedbank Group Limited - Dealings in Securities by Executive Director

Release Date: 02/03/2011 10:32
Code(s): NED
Wrap Text

NED - Nedbank Group Limited - Dealings in Securities by Executive Director 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 DIRECTOR 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 exercise of share options and dealing in Nedbank Group ordinary shares by an executive director of Nedbank Group and Nedbank Limited: Name: MWT Brown Capacity: Chief executive Option exercise date: 28 February 2011 Strike price: R110,98 Option issue date: 28 February 2006 Option vesting date: 28 February 2009 Option expiry date: 28 February 2011 Number of securities: 70 000 Total value: R7 768 600,00 Nature of transaction: Exercise of share options Nature of trade: Off market Extent of interest: Direct beneficial Name: MWT Brown Capacity: Chief executive Date of the transaction: 28 February 2011 Price per share: R126,56 Number of securities: 70 000 Total value: R8 859 410,00 Nature of transaction: Sale Nature of trade: On market Extent of interest: Direct beneficial Taxable gain: R1 090 810,00 The required prior written clearance for the exercise of the options and the dealing in shares has been obtained. Sandton 2 March 2011 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: 02/03/2011 10:32:13 Supplied by www.sharenet.co.za 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.

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