NED - Nedbank Group Limited - Dealings in securities by executive director

NED - Nedbank Group Limited - Dealings in securities by 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")                                                               
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTOR                                    
In terms of paragraphs 3.63 - 3.66 of the Listings Requirements of the JSE      
Limited, the following information is disclosed in respect of the dealing in    
Nedbank Group ordinary shares by an executive director of Nedbank Group and     
Nedbank Limited:                                                                
Name:                     GW Dempster                                           
Capacity:                 Executive director                                    
Date of the transaction:  5 March 2012                                          
Price per share:          R161,26                                               
Number of securities:     52 812                                                
Total value:              R8 516 537.06                                         
Nature of transaction:    Sale of shares                                        
Nature of trade:          Open market                                           
Extent of interest:       Direct beneficial                                     
105 624 restricted shares were granted to GW Dempster (then head of Nedbank     
Corporate) on 3 March 2009.  The vesting of 50% of the grant was linked to      
the group`s achievement of predetermined performance-based vesting criteria,    
which have not been met, and those restricted shares were forfeited on 4        
March 2012.  The remaining 50% were subject to time-based vesting criteria      
and these restricted shares, which vested on 4 March 2012, have been sold as    
set out above.                                                                  
The required prior written clearance for the dealing in shares has been         
obtained.                                                                       
Sandton                                                                         
6 March 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: 06/03/2012 11:48:01 Supplied by www.sharenet.co.za                     
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