Nedbank issue of Share Instalments Nedbank Limited SENS ANNOUNCEMENT ISSUE OF SHARE INSTALMENTS Underlying Instrument Issue Size Ratio Style VODACOM GROUP LIMITED 100000000 1:1 American Call STANDARD BANK GROUP LTD 100000000 1:1 American Call SANLAM LTD 100000000 1:1 American Call Maturity JSE Underlying Instrument Date Codes Strike Isin No 18-Apr-16 7113 ZAE000204046 VODACOM GROUP LIMITED VODNIG STANDARD BANK GROUP 8813 ZAE000204061 18-Apr-16 LTD SBKNIP SANLAM LTD 18-Apr-16 SLMNIL 3892 ZAE000204079 The Issuers Services Division of the JSE Limited (“JSE”) has approved the listing of the above-mentioned warrants and trading commenced on Friday, 17 April 2015. All members of the JSE may participate in trading which will occur according to normal JSE Rules. Settlement will be effected electronically through STRATE. Copies of the warrant program and pricing supplement are available at the address stated below. 20 April 2015 6th Floor Corporate place 135 Rivonia Rd, Sandown 2196 For further information contact: Nedbank Ltd 011 535 4030 Sponsor Nedbank Corporate Finance Division (A division of Nedbank Limited) Nedbank Group limited Incorpprate in the Republic of South Africa Registration number Reg No 1951/000009/06 Date of incorporation: 2 January 1951 http://www.nedbank.co.za/website/content/equitycapitalmarket/index.a sp Date: 20/04/2015 02:21:00 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.