NED - Nedbank Group - Dealings in Securities by Executive Directors and Company

NED - Nedbank Group - 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             
In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE, the 
following information is disclosed in respect of the grant of Restricted Shares 
in an off-market transaction to the executive directors and the company         
secretary of Nedbank Group and Nedbank Limited on 7 and 8 March 2011 in terms of
The Nedbank Group (2005) Share Option, Matched Share and Restricted Share Scheme
approved by shareholders on 4 May 2005. These Restricted Shares are Nedbank     
group ordinary shares that are issued at no cost to eligible employees at the   
volume weighted average price (R128,44) for the three trading days ending 2     
March 2011. These Restricted Shares are held on an indirect beneficial basis.   
Number of Restricted                                          

Name                     Shares granted             Value                       
MWT Brown                      46 714       R5 999 946,16                       
(Chief Executive Officer)                                                       
GW Dempster                    31 142       R3 999 878,48                       
(Chief Operating Officer)                                                       
RK Morathi                     31 142       R3 999 878,48                       
(Chief Financial Officer)                                                       
GS Nienaber                     4 670         R599 814,80                       
(Company secretary)                                                             
The vesting of these shares on 7 and 8 March 2014 is subject to a mix of time-  
based and performance-based vesting criteria.                                   
The required prior written clearance for dealing in these securities has been   
obtained.                                                                       
Sandton                                                                         
8 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) Ltd                              
Date: 08/03/2011 09:27:01 Supplied by www.sharenet.co.za                     
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