Dealings in securities by an executive director and the 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 AN EXECUTIVE DIRECTOR AND THE COMPANY SECRETARY In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE Limited, the following information is disclosed in respect of the dealings in shares by the Chief Executive and the Company Secretary of Nedbank Group: Name: MWT Brown Designation: Chief Executive Date of transaction: 3 May 2017 Number of shares: 27 129 Average price per share: R220.34 Lowest price per share: R221.77 Highest price per share: R228.66 Total value: R5 977 603.86 Nature of transaction: Sale of ordinary shares to cover tax expenses relating to the vesting of the 2014 restricted shares (vesting announced on 9 March 2017) and the 2014 matched share schemes (comprising the 2014 compulsory bonus share scheme and the 2014 voluntary bonus share scheme) (vesting announced on 3 April 2017) Nature of trade: Open market Extent of interest: Direct beneficial Name: TSB Jali Designation: Company Secretary Date of transaction: 3 May 2017 Number of shares: 13 904 Average price per share: R220.34 Lowest price per share: R221.77 Highest price per share: R228.66 Total value: R3 063 607.36 Nature of transaction: Sale of ordinary shares to cover tax expenses relating to the vesting of the 2014 restricted shares (vesting announced on 9 March 2017), the 2014 matched share schemes (comprising the 2014 compulsory bonus share scheme and the 2014 voluntary bonus share scheme) (vesting announced on 3 April 2017), and the shares that vested in terms of the Black Executive Trust (vesting announced on 9 March 2017) Nature of trade: Open market Extent of interest: Direct beneficial The required written clearance for dealing in these shares has been obtained. Sandton 9 May 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) Ltd Date: 09/05/2017 04:00:00 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.