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Mon 17 Sep 2007, 14:23 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: 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 R133,94 per share on 17 September    
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  2 415   R323 465,10  Indirect Beneficial                         
MA Enus-Brey      12     R1 607,28  Indirect Beneficial                         
MM Katz          106    R14 197,64  Indirect Beneficial                         
JB Magwaza         4       R535,76  Direct Beneficial                           
JB Magwaza     2 415   R323 465,10  Indirect Beneficial                         
ME Mkwanazi       40     R5 357,60  Direct Beneficial                           
ME Mkwanazi    2 415   R323 465,10  Indirect Beneficial                         
ML Ndlovu      5 268   R705 595,92  Indirect Beneficial                         
GS Nienaber       71     R9 509,74  Indirect Beneficial                         
(company secretary)                                                             
R Nienaber        66     R8 840,04  Indirect Beneficial                         
(associate of the company secretary)                                            
Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
has been obtained.                                                              
Sandton                                                                         
17 September 2007                                                               
Sponsors:                                                                       
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Date: 17/09/2007 14:23:01 Produced by the JSE SENS Department.                  
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