NED - Nedbank Group - Dealings in Securities by Executive Directors and

NED - Nedbank Group - Dealings in Securities by Executive 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 company")                                              
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY:            
COMPULSORY AND VOLUNTARY BONUS DEFERRAL SCHEMES                                 
In terms of paragraphs 3.63 - 3.66 of the Listings Requirements of the JSE      
Limited, the following information is disclosed in respect of dealings by the   
executive directors and the company secretary of Nedbank Group and Nedbank      
Limited.                                                                        
The following Nedbank Group ordinary shares have been acquired on the open      
market by the undermentioned individuals and committed to the 2012 Matched      
Share Scheme on 2 April 2012:                                                   
Name                     Number of shares committed    Value @ R171,79          
MWT Brown                15 192                        R2 609 833,68            
(Executive director)                                                            
GW Dempster              10 477                        R1 799 843,83            
(Executive director)                                                            
RK Morathi               6 636                         R1 139 998,44            
(Executive director)                                                            
GS Nienaber              1 309                         R224 873,11              
(Company secretary)                                                             
The shares committed are in terms of the rules as set out in the Nedbank        
Group (2005) Share Option, Matched Share and Restricted Share Scheme.           
The value of the shares was determined using an average price of Nedbank        
Group shares between 20 March 2012 and 29 March 2012.                           
These shares are committed in terms of the compulsory bonus deferral scheme     
introduced by the Nedbank Group Remuneration Committee in 2010, under which     
deferred amounts can be invested in the Matched Share Scheme described above.   
The deferred amount will be forfeited should the employee resign before the     
end of the deferral period as well as in cases where, in the sole opinion of    
the board, material irregularities or misrepresentation of financial results    
come to light during the deferral period.                                       
In addition, the following Nedbank Group ordinary shares have been acquired     
on the open market by the undermentioned individuals and committed to the       
2012 Matched Share Scheme on 2 April 2012:                                      
Name                     Number of shares committed    Value @ R171,79          
GW Dempster              1 746                         R299 945,34              
(Executive director)                                                            
RK Morathi               1 746                         R299 945,34              
(Executive director)                                                            
GS Nienaber              1 746                         R299 945,34              
(Company secretary)                                                             
and the following Nedbank Group ordinary shares, previously acquired by the     
individual below, have been committed by the undermentioned individual to the   
2012 Matched Share Scheme on 2 April 2012:                                      
Name                     Number of shares committed    Value @ R171,79          
MWT Brown                1 746                         R299 945,34              
(Executive director)                                                            
The Matched Share Scheme allows for voluntary participation in that up to 50%   
of an employee`s after-tax bonus (less the amount already deferred under the    
compulsory deferral scheme, if applicable) may be used to acquire shares in     
the company.  The employee can also commit shares already owned by them up to   
an equivalent value of 50% of the employee`s after tax bonus (again, less the   
amount already deferred under the compulsory deferral scheme if applicable).    
The employee may dispose of these shares at any time prior to the vesting       
date, being 1 April 2015 which will cancel their participation in the Scheme    
in respect of these shares.  On the vesting 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 is in the employ of the    
company and a further 50% of the shares held on vesting date will be matched    
on a one for one basis if a predetermined company performance target for the    
period 2012 to 2014 is met.                                                     
The required prior written clearance for the commitment of these shares and     
participation in the Matched Share Scheme has been obtained.                    
Sandton                                                                         
2 April 2012                                                                    
Sponsors                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Sponsor in Namibia                                                              
Old Mutual Investment Services (Namibia) (Pty) Ltd                              
Date: 02/04/2012 14:15:01 Supplied by www.sharenet.co.za                     
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