NEDBANK GROUP LIMITED - Appointment of Independent Non-Executive Director

Appointment of Independent Non-Executive 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’ or ‘the group’)



NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN: ZAE000043667


APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR
The boards of directors of Nedbank Group and Nedbank Limited are pleased to announce the
appointment of Mr Stanley Subramoney (56), BCompt(Hons) CA(SA) [retired partner at
PricewaterhouseCoopers (‘PwC’)], as an independent non-executive director with immediate effect.


Stanley qualified as a Chartered Accountant (SA) in 1987 and was appointed audit partner at PwC,
serving a number of the firm’s large clients both in the public and private sectors. During his 27 years
in the audit profession as audit partner and later as member of the Exco of PwC he led large and
complex assignments, attended audit committee meetings of key clients, was the technical partner,
trained board and audit committee members on the roles and responsibilities of the board and on
governance, and gained valuable experience across the various sectors. He represented the southern
African firm in a number of PwC’s African and global structures. These roles provided Stanley with a
wide international view and exposure to global clients.


At the age of 42 he was appointed Deputy CEO for PwC Southern Africa and member of the southern
Africa executive committee. During his time as the strategy leader for PwC Southern Africa, Stanley
led the Government and Public Sector Industry Group for Southern Africa.


He was the Chairman of Business Skills for South Africa Foundation, a non-profit organisation that has
provided business skills training to over 18 000 entrepreneurs from disadvantaged communities. He is
Chairman of the Nepad Business Foundation – a Pan-African business foundation that seeks to put
Africa on a path of sound sustainable economic development. He is also on the board of Business
Unity South Africa (‘BUSA’) and Chairman of its audit committee.


Stanley opted to take early retirement from PwC to explore other business interests.




Sandton
23 September 2015


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


Sponsors to Nedbank Limited:
Investec Bank Limited
Nedbank Capital

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