NEDBANK GROUP LIMITED - Change to Board of Directors

Change to Board of Directors

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
(“Nedbank”)


NEDBANK GROUP AND NEDBANK LIMITED – CHANGE TO BOARD OF DIRECTORS

The boards of Nedbank Group and Nedbank (“the Companies”) are pleased to
announce the appointment of Mr Bruce Hemphill as a non-executive director
of the Companies with effect from 25 November 2015.

Mr Hemphill, aged 52, was appointed as the Group Chief Executive of Old
Mutual plc (Nedbank Group’s ultimate holding company) on 1 November 2015.
From February 2014 to October 2015 he was Chief Executive of Wealth,
Insurance and Non-Bank Financial Services at Standard Bank Group.     Prior to
that (June 2006 to February 2014) he was Chief Executive of Liberty Group,
an African financial services group listed on the JSE, where he led Liberty
on an extensive transformation and growth path while delivering significant
value to shareholders.

Mr Vassi Naidoo, Nedbank Group Chairman, extended a warm welcome to Mr
Hemphill and said: ‘The Nedbank Group Board will benefit greatly from
Bruce’s experience as a chief executive of a public company and from his
extensive experience and understanding of the South African and wider
African financial services industry.’

Sandton
23 November 2015

Sponsors to Nedbank Group in South Africa:
Merrill Lynch South Africa (Pty) Limited
Nedbank Corporate and Investment Banking

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

Sponsors to Nedbank Limited:
Investec Bank Limited
Nedbank Corporate and Investment Banking

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