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NEDBANK GROUP LIMITED - Dealings in securities by executive directors and company secretary

Release Date: 03/04/2014 14:52
Code(s): NED     PDF:  
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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”)

DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY: 2014
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.

Shares have been committed to the 2014 Matched Share Scheme, whereby:

(a)    in terms of the compulsory bonus share scheme, deferred bonus amounts can be invested
       in the Matched Share Scheme. 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 Nedbank Group board, material irregularities or misrepresentation of financial results
       come to light during the deferral period. In these instances, the employee forgoes the
       right to matching on the deferred bonus amount subject to forfeiture;

(b)    in terms of the voluntary bonus share scheme, up to 50% of an employee’s total after-tax
       bonus (less any amount already deferred under the compulsory bonus deferral scheme)
       can be used to acquire shares in Nedbank Group which are then committed into the
       Matched Share Scheme. Alternatively, the employee can commit shares already owned by
       them up to an equivalent amount of 50% of the employee’s total after-tax bonus less any
       amount already deferred under the compulsory bonus deferral scheme. The employee can
       dispose of these shares at any time prior to the vesting date, which will cancel their
       participation in the scheme in respect of those shares, and will render them ineligible to
       qualify for any matching of shares.

The date of the transactions was 1 April 2014 and the value of the shares was determined using a
weighted average price of Nedbank Group shares acquired between 20 March 2014 and 28 March
2014.

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 will be matched on a one-for-one basis if the
person has remained in the employ of the company throughout the vesting period. A further 50%
of the shares held on vesting date may be matched on a one-for-one basis if the predetermined
company performance target for the period 2014 to 2016 is met.

Name and            No. of Shares   Value @         Extent of        Scheme        New shares
Capacity            Committed       R223.03 per     interest                       acquired or
                                    share                                          existing shares
                                                                                   utilised

MWT Brown            16 141        R3 599 927.23     Indirect      Compulsory      Shares acquired
Chief Executive                                      beneficial    bonus scheme    on open market
                     1 345         R299 975.35       Indirect      Voluntary       Existing shares
                                                     beneficial    bonus scheme    allocated
GW Dempster          10 626        R2 369 916.78     Indirect      Compulsory      Shares acquired
Executive Director                                   beneficial    bonus scheme    on open market
                     1 345         R299 975.35       Indirect      Voluntary       Existing shares
                                                     beneficial    bonus scheme    allocated
RK Morathi           7 936         R1 769 966.08     Indirect      Compulsory      Shares acquired
Executive Director                                   beneficial    bonus scheme    on open market
                     1 345         R299 975.35       Indirect      Voluntary       Existing shares
                                                     beneficial    bonus scheme    allocated
TSB Jali             4 035         R899 926.05       Indirect      Compulsory      Shares acquired
Company                                              beneficial    bonus scheme    on open market
Secretary
                     1 345         R299 975.35       Indirect      Voluntary       Shares acquired
                                                     beneficial    bonus scheme    on open market

In terms of the share scheme rules, employees are entitled to the dividends that are paid on the
shares whilst held in trust.

The required prior written clearance for the share dealings has been obtained.

Sandton
3 April 2014

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: 03/04/2014 02:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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