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NED - Nedbank Group Limited - Amendment to dealings in securities by non- executive directors Nedbank Group Limited (Incorporated in the Republic of South Africa) (Registration number 1966/010630/06) Share code JSE: NED Share code NSX: NBK ISIN code: ZAE000004875 (`Nedbank Group` or `the company`) AMENDMENT TO DEALINGS IN SECURITIES BY NON-EXECUTIVE DIRECTORS 1. Introduction and background Shareholders are referred to the announcement, setting out the share repurchase programme, released on SENS on 6 January 2011 advising that Nedbank Group had exercised call options granted to it by the Nedbank Eyethu Non-executive Directors Trust (`Non-executive Directors Trust`) to repurchase Nedbank Group ordinary shares (`the specific repurchase`). 2. Re-statement of allocation of shares repurchased Pursuant to a change in the basis of the calculation of the allocation of the specific repurchase to account for the notional funding cost and the allocation of operating expenses of the Non-executive Directors Trust, a net adjustment of 4 604 shares which were held for the benefit of the current non-executive directors and repurchased from the Non-executive Directors Trust on 6 January 2011 is disclosed. In terms of the specific repurchase, the adjusted number of acquired Nedbank Group ordinary shares from the Non-executive Directors Trust, on the same basis as previously disclosed, is as follows: Name: TCP Chikane Capacity: Non-executive director of Nedbank Group Date of transaction: 6 January 2011 Average price per security: R0,75 Highest price per security: R1,00 Lowest price per security: R0,00 Class of securities: Nedbank Group ordinary shares Number of securities: 57 711 (relative to 60 203 previously disclosed) Total value: R43 283 Nature of transaction: Indirect sale of shares in terms of the specific repurchase
Nature of trade: Off-market Extent of interest: Indirect beneficial Name: B de L Figaji Capacity: Non-executive director of Nedbank Group Date of transaction: 6 January 2011 Average price per security: R0,75 Highest price per security: R1,00 Lowest price per security: R0,00 Class of securities: Nedbank Group ordinary shares Number of securities: 79 060 (relative to 78 573 previously disclosed) Total value: R59 295 Nature of transaction: Indirect sale of shares in terms of the specific repurchase Nature of trade: Off-market Extent of interest: Indirect beneficial Name: NP Mnxasana Capacity: Non-executive director of Nedbank Group Date of transaction: 6 January 2011 Average price per security: R0,75 Highest price per security: R1,00 Lowest price per security: R0,00 Class of securities: Nedbank Group ordinary shares Number of securities: 29 765 (relative to 32 364 previously disclosed) Total value: R22 324 Nature of transaction: Indirect sale of shares in terms of the specific repurchase Nature of trade: Off-market Extent of interest: Indirect beneficial As previously disclosed, the Non-executive directors had no discretion in the matter and were not required to obtain prior written clearance for the sale of shares in terms of the specific repurchase. Johannesburg 24 February 2012 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: 24/02/2012 15:38:03 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.
