NED/NBKP - Nedbank Group /Nedbank Limited - Resignation of independent

NED/NBKP - Nedbank Group /Nedbank Limited - Resignation of independent          
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                                                              
RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR                               
Alan Knott-Craig has resigned as an independent non-executive director of       
Nedbank Group and Nedbank Limited with effect from 24 February 2012.            
Nedbank Group Chairman, Dr Reuel Khoza, thanked Alan for the significant        
contribution he has made to the board since his appointment in 2009.            
"During this time with the group, Alan played a valuable role on board          
committees, in particular as Chairman of the Group Information Technology       
Committee. Alan`s in-depth knowledge of the information technology and          
telecommunications industry has been invaluable to the group. Owing to his      
recent appointment as Chief Executive of Cell C with effect from 1 April 2012,  
Alan is stepping down as a director. We thank him and wish him well for the     
future".                                                                        
Sandton                                                                         
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) Ltd                              
Sponsors to Nedbank Limited:                                                    
Investec Bank Limited                                                           
Nedbank Capital                                                                 
Date: 24/02/2012 16:50:02 Supplied by www.sharenet.co.za                     
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