NEDBANK GROUP LIMITED - Correction of director's dealing announcement

Correction of director's dealing announcement

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”)

CORRECTION TO DIRECTOR’S DEALING ANNOUNCEMENT

Further to the announcement released on SENS on 12 March 2015 relating to the disclosure
of information in respect of the vesting and sale of Nedbank Group ordinary shares that
were allocated to the executive directors and company secretary of Nedbank Group and
Nedbank Limited on 7 and 8 March 2012, the following correction has been made:

        Name:                                    MC Nkuhlu
        Capacity:                                Executive Director
        Date of transaction (vesting date):      9 March 2015
        Vesting price per share:                 R253.00
        Number of securities:                    15 443 (previously shown as 15 433)
        Total value:                             R3 907 079 (previously shown as R3 904 549)
        Nature of transaction:                   100% vesting of time-based restricted shares
                                                 in terms of participation in the Nedbank
                                                 Group (2005) Share Option, Matched Share
                                                 and Restricted Share Scheme
        Inception date:                          8 March 2012
        Nature of trade:                         Off market
        Extent of interest:                      Direct beneficial

The required prior written clearance for dealing in these shares was obtained.

Sandton
15 May 2015

Sponsors to Nedbank Group in South Africa:

Merrill Lynch South Africa (Pty) Limited
Nedbank

Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia)(Pty)Limited

Date: 15/05/2015 02:00:00 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.