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Mon 13 Aug 2007, 14:42 NED - Nedbank Group Limited - Grant and acceptance
NED
 NED                                                                             
NED - Nedbank Group Limited - Grant and acceptance of Share Options             
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")                                                               
GRANT AND ACCEPTANCE OF SHARE OPTIONS BY ASSOCIATE OF THE COMPANY SECRETARY     
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE, the  
following information is disclosed in respect of the grant and acceptance of    
share options for Nedbank Group ordinary shares by an associate of the company  
secretary of Nedbank Group Limited and Nedbank Limited on 10 August 2007:       
Name                          :    R Nienaber (Associate of company secretary)  
Number of options Awarded     :    4 000                                        
Strike price                  :    R134, 30                                     
These share options have been granted in terms of the Nedbank Group (2005) Share
Option, Matched Share and Restricted Share Scheme. The vesting of the options on
10 August 2010 is subject to time-based and performance-based vesting criteria. 
The options expire on 9 August 2012.                                            
The required prior written clearance for the grant and acceptance of these share
options has been obtained.                                                      
Sponsors                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Date: 13/08/2007 14:42:05 Produced by the JSE SENS Department.                  
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