NED - Nedbank Group Limited - Forfeiture of Restricted Share Plan shares held

NED - Nedbank Group Limited - Forfeiture of Restricted Share Plan shares held   
by 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" or "the group")                                                
FORFEITURE OF RESTRICTED SHARE PLAN SHARES HELD BY DIRECTORS AND COMPANY        
SECRETARY                                                                       
The following restricted Nedbank Group ordinary shares held by executive        
directors, a non-executive director (previously Chief Executive) and the        
company secretary of Nedbank Group and Nedbank Limited as part of the           
Restricted Share Plan were forfeited on 4 March 2012:                           
Number of                                               

                        restricted                                              
                        shares          Issue          Determination            
Name                     awarded        price                   date            
MWT Brown                 52 812         R75,74           4 March 2012          
(Chief executive)                                                               
GW Dempster               52 812         R75,74           4 March 2012          
(Chief operating officer)                                                       
GS Nienaber               9 902          R75,74           4 March 2012          
(Company secretary)                                                             
TA Boardman               99 340         R75,74           4 March 2012          
(Chief Executive at time of award on 3 March 2009, now a non-executive          
director)                                                                       
These restricted shares were granted in terms of the Nedbank Group (2005)       
Share Option, Matched Share and Restricted Share Scheme on 3 March 2009. The    
vesting of these shares was linked to the group`s achievement of predetermined  
performance-based vesting criteria, which have not been met.                    
Sandton                                                                         
5 March 2012                                                                    
Sponsors                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Date: 05/03/2012 11:38:01 Supplied by www.sharenet.co.za                     
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