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NED - Nedbank Group - Dealings in Securities 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") DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY: VESTING OF 2009 MATCHED SHARE SCHEME 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 vesting of Nedbank Group ordinary shares to the executive directors, a non-executive director and the company secretary of Nedbank Group and Nedbank Limited. These shares have vested in terms of the 2009 Matched Share Scheme, which allows for up to 50% of an employee`s after-tax bonus to be used to acquire shares in the company. On the vesting date (the day following three years after the inception date) 50% of the shares still held in trust in respect of the participant`s portfolio as per the Scheme rules will be matched on a one for one basis if the person continued in the employ of the company throughout the vesting period. A further 50% of the shares held on vesting date could have been matched on a one for one basis if a predetermined company performance target for the period 2009 to 2011 was met, but this target was not achieved. Name: MWT Brown Capacity: Chief Executive Date of transaction: 2 April 2012 Price per share: R167,80 (volume weighted average price for the three days preceding 31 March 2012) Number of securities: 5 526 (50% of 11 051 shares held in trust) Total value: R927 262,80 Nature of transaction: Vesting of shares in terms of participation in 2009 Matched Share Scheme Inception date: 31 March 2009 Vesting date: 2 April 2012 Nature of trade: Off market Extent of interest: Direct beneficial Taxable gain: R927 262,80 Name: GS Nienaber Capacity: Company Secretary Date of transaction: 2 April 2012 Price per share: R167,80 (volume weighted average price for the three days preceding 31 March 2012)
Number of securities: 1 688 (50% of 3 375 shares held in trust) Total value: R283 246,40 Nature of transaction: Vesting of shares in terms of participation in 2009 Matched Share Scheme
Inception date: 31 March 2009 Vesting date: 2 April 2012 Nature of trade: Off market Extent of interest: Direct beneficial Taxable gain: R283 246,40 Name: TA Boardman Capacity: Non-executive Director (Chief Executive at time of original participation)
Date of transaction: 2 April 2012 Price per share: R167,80 (volume weighted average price for the three days preceding 31 March 2012) Number of securities: 10 550 (50% of 21 100 shares held in trust) Total value: R1 770 290.00 Nature of transaction: Vesting of shares in terms of participation in 2009 Matched Share Scheme Inception date: 31 March 2009 Vesting date: 2 April 2012 Nature of trade: Off market Extent of interest: Direct beneficial Taxable gain: R1 770 290.00 The required prior written clearance for the vesting of the shares has been obtained. Sandton 2 April 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 Date: 02/04/2012 14:14:20 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.
