Dealings in securities by a 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 A DIRECTOR In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE, the following information is disclosed in respect of the dealings in shares of Nedbank Group by a director: Name: RK Morathi Designation: Chief Financial Officer Date of transaction: 20 May 2014 Number of shares: 7 220 Average price per share: R229.08 Lowest price per share: R226.50 Highest price per share: R229.60 Total value: R1 653 957.60 Date of transaction: 21 May 2014 Number of shares: 5 580 Average price per share: R226.76 Lowest price per share: R226.60 Highest price per share: R226.90 Total value: R1 265 320.80 Nature of transactions: Sale of shares Nature of trade: Open market Extent of interest: Indirect beneficial The required written clearance for dealing in these shares has been obtained. Sandton 21 May 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: 21/05/2014 04:30:00 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.