NED - Nedbank Group - Dealing in securities by dir
NED
NED
NED - Nedbank Group - Dealing in securities by 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 company")
DEALING IN SECURITIES BY DIRECTOR
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE, the
following information is disclosed in respect of the exercise of share options
and the intended participation in an incentive scheme by an executive director
of Nedbank Group and Nedbank Limited:
Name: MWT Brown
Capacity: Chief Financial Officer
Date of transaction: 28 March 2007
Strike price: R45,00
Number of securities: 9 000
Total value: R405 000,00
Nature of transaction: Exercise of share options
Extent of interest: Direct beneficial
These shares will be allocated to the Matched Share Scheme, the terms of which
are set out in the Nedbank Group (2005) Share Option, Matched Share and
Restricted Share Scheme.
If these shares are still held on 28 March 2010, they will be matched on a one
for every two held basis if the participant is in the employ of the company, and
will also be matched on a further one for every two held basis if the
predetermined financial performance target for the 2009 financial year, set by
the Group Remuneration Committee, is achieved.
The required prior written clearance for the exercise of the options and the
participation in the share scheme has been obtained.
Sandton
30 March 2007
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 30/03/2007 06:59:51 Produced by the JSE SENS Department.
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