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Wed 11 Apr 2007, 15:48 NED - Nedbank Group - Issue of Capitalisation Awar
NED
 NED                                                                             
    NED - Nedbank Group - Issue of Capitalisation Award Shares to 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 code: ZAE000004875                                                     
("Nedbank Group")                                                           
    ISSUE OF CAPITALISATION AWARD SHARES TO DIRECTORS                           
    The following information is disclosed in respect of the capitalisation     
    award of ordinary Nedbank Group shares issued at R135,10 per share on 10    
April 2007 to directors, the company secretary and an associate of the      
    company secretary of Nedbank Group and Nedbank Limited who elected this     
    option:                                                                     
                                                                                
Number of   Value of                                          
    Name of       shares      shares     Type of                                
    director      awarded     awarded    holding                                
                                                                                
B de L Figaji  2 149   R290 329,90  Indirect Beneficial                     
    MA Enus-Brey      11     R1 486,10  Indirect Non-beneficial                 
    MM Katz           94    R12 699,40  Indirect Beneficial                     
    JB Magwaza         3       R405,30  Direct Beneficial                       
JB Magwaza     2 149   R290 329,90  Indirect Beneficial                     
    ME Mkwanazi    2 149   R290 329,90  Indirect Beneficial                     
    ML Ndlovu      4 686   R633 078,60  Indirect Beneficial                     
    GS Nienaber       43     R5 809,30  Indirect Beneficial                     
(company secretary)                                                         
    R Nienaber        39     R5 268,90  Indirect Beneficial                     
    (associate of the company secretary)                                        
    Prior written approval in terms of paragraph 3.66 of the Listings           
Requirements has been obtained.                                             
                                                                                
    Sandton                                                                     
    11 April 2007                                                               

    Sponsors:                                                                   
    Merrill Lynch South Africa (Pty) Limited                                    
    Nedbank Capital                                                             
Date: 11/04/2007 15:48:01 Produced by the JSE SENS Department.
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