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Dealings in securities by executive directors and company secretary
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 EXECUTIVE DIRECTORS AND COMPANY SECRETARY: VESTING
OF RESTRICTED SHARES PREVIOUSLY ALLOCATED IN 2014
The following information is disclosed in respect of the vesting of Nedbank Group ordinary
shares and options previously granted to the executive directors and the company secretary
of Nedbank Group and Nedbank Limited (‘Nedbank’) in terms of the Nedbank Group (2005)
Share Option, Matched Share and Restricted Share Scheme.
This voluntary announcement confirms only that the executive directors and the company
secretary are now entitled to 65.6% of the restricted shares allocated with performance-
based vesting criteria on 6 March 2014, and 100% of the restricted shares allocated with
time-based vesting criteria on 7 March 2014, which vested on 7 and 8 March 2017
respectively, and this is not classified as a ‘dealing’ in terms of JSE Listings Requirements.
The restricted shares are issued at no cost to eligible employees and are fully taxable and
subject to the deduction of PAYE at the time of vesting. Participants are entitled to the
dividends paid on all restricted shares from the date the award is allocated.
Name: MWT Brown
Capacity: Chief Executive
Date of transaction (vesting date): 7 March 2017
Vesting price per share: R258.00
Number of securities: 40 804
Total value: R10 527 432.00
Nature of transaction: 65.6% vesting of performance-based
restricted shares in terms of participation in
the Nedbank Group (2005) Share Option,
Matched Share and Restricted Share Scheme
Inception date: 6 March 2014
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: RK Morathi
Capacity: Executive Director
Date of transaction (vesting date): 7 March 2017
Vesting price per share: R258.00
Number of securities: 21 971
Total value: R5 668 518.00
Nature of transaction: 65.6% vesting of performance-based
restricted shares in terms of participation in
the Nedbank Group (2005) Share Option,
Matched Share and Restricted Share Scheme
Inception date: 6 March 2014
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: MC Nkuhlu
Capacity: Executive Director
Date of transaction (vesting date): 7 March 2017
Vesting price per share: R258.00
Number of securities: 13 340
Total value: R3 441 720.00
Nature of transaction: 65.6% vesting of performance-based
restricted shares in terms of participation in
the Nedbank Group (2005) Share Option,
Matched Share and Restricted Share Scheme
Inception date: 6 March 2014
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: MC Nkuhlu
Capacity: Executive Director
Date of transaction (vesting date): 8 March 2017
Vesting price per share: R252.24
Number of securities: 20 334
Total value: R5 129 048.16
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: 7 March 2014
Nature of trade: Off market
Extent of interest: Direct beneficial
Note: At the time of the inception date, MC Nkuhlu was not an executive director of
Nedbank Group and was accordingly awarded both time-based and performance-
based restricted shares.
Name: TSB Jali
Capacity: Company Secretary
Date of transaction (vesting date): 7 March 2017
Vesting price per share: R258.00
Number of securities: 7 062
Total value: R1 821 996.00
Nature of transaction: 65.6% vesting of performance-based
restricted shares in terms of participation in
the Nedbank Group (2005) Share Option,
Matched Share and Restricted Share Scheme
Inception date: 6 March 2014
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: TSB Jali
Capacity: Company Secretary
Date of transaction (vesting date): 8 March 2017
Vesting price per share: R252.24
Number of securities: 10 765
Total value: R2 715 363.60
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: 7 March 2014
Nature of trade: Off market
Extent of interest: Direct beneficial
As a result of the pre-determined corporate performance conditions not all being fully met
in respect of the performance-based restricted shares allocated on 6 March 2014, the
following restricted Nedbank Group ordinary shares held by the executive directors and
Company Secretary of Nedbank Group and Nedbank Limited were forfeited on 7 March
2017:
Name Number of Notional value Total notional Determination
restricted of loss per value lost date
shares forfeited share on
forfeiture
MWT Brown 21 396 R258.00 R 5 520 168.00 7 March 2017
RK Morathi 11 521 R258.00 R 2 972 418.00 7 March 2017
MC Nkuhlu 6 994 R258.00 R 1 804 452.00 7 March 2017
TSB Jali 3 703 R258.00 R 955 374.00 7 March 2017
The required prior written clearance for dealing in these shares has been obtained.
Sandton
9 March 2017
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) Limited
Date: 09/03/2017 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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