NED - Nedbank Group - Appointment of Chief Governance and Compliance Officer

NED - Nedbank Group - Appointment of Chief Governance and Compliance Officer    
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")                                                
APPOINTMENT OF CHIEF GOVERNANCE AND COMPLIANCE OFFICER                          
Nedbank Group is pleased to announce the appointment of Thabani Jali as Chief   
Governance and Compliance Officer and as a member of the Nedbank Group Executive
Committee (Group Exco) with effect from 17 October 2011.                        
Thabani (52) is currently executive chairman of PricewaterhouseCoopers (Southern
Africa). He was formerly a Deputy Judge President of the High Court of South    
Africa (Natal Provincial Division) and a Judge of the Competition Appeal Court. 
Prior to his appointment on the bench, he was a partner in a commercial law     
firm.  He also served as Chairman of the Competition Commission Inquiry into    
Bank Charges and the National Payment System from 2006 to 2008.                 
He replaces Selby Baqwa SC who has retired after almost nine years` service with
the group. During this time Selby enhanced the enterprise governance and        
compliance function for the group and was instrumental in Nedbank Group winning 
numerous governance and sustainability awards including the award for "Best     
Corporate Governance" at the Commonwealth Business Council-African Business     
Awards 2010.                                                                    
Nedbank Group Chief Executive, Mike Brown, said: "Governance and compliance play
a vital role in the banking sector and are at the centre of the sustainability  
our business. We are pleased to have appointed such an experienced successor to 
Selby, and look forward to the insights and guidance that Thabani will bring to 
the group."                                                                     
Sandton                                                                         
15 August 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: 15/08/2011 15:00:01 Supplied by www.sharenet.co.za                     
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