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NED/NBKP - Nedbank Group/Nedbank Limited - Retirement of Non-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" or "the group") NEDBANK LIMITED (Incorporated in the Republic of South Africa) Registration number: 1951/000009/06 JSE share code: NBKP ISIN: ZAE000043667 RETIREMENT OF NON-EXECUTIVE DIRECTOR AND APPOINTMENT OF SENIOR INDEPENDENT DIRECTOR As previously advised to shareholders, senior independent non-executive director Chris Ball has retired as a director of Nedbank Group and Nedbank Limited with effect from 6 May 2011, after reaching the mandatory retirement age for directors. The board is pleased to advise that Malcolm Wyman has been appointed as the senior independent non-executive director and will also succeed Chris as Chairman of the Group Audit Committee. Nedbank Group Chairman, Reuel Khoza, thanked Chris for the significant contribution he has made to the board since his appointment in 2002. "Chris has served the group with distinction over the past eight years as a director and as the senior independent director in the past four years. During this time he has demonstrated decisive and independent thinking, an in-depth knowledge of the banking industry and an unwavering commitment to his obligations as a director. As one of our longest serving directors, his presence has ensured continuity and stability at board level and he leaves at a time when the group is strong and competitively positioned. Chris has also played a valuable role on board committees, in particular as Chairman of the Group Audit Committee. We wish Chris a healthy and fulfilled retirement." Sandton 6 May 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 Sponsors to Nedbank Limited: Investec Bank Limited Nedbank Capital Date: 06/05/2011 12:07:10 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.
