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Tue 19 Feb 2008, 15:10 NED - Nedbank - Retirement of Independent Non-executive Director
NED   NBKP
 NED   NBKP                                                                      
NED - Nedbank - Retirement of Independent Non-executive 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")                                                               
NEDBANK LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
Registration number: 1951/000009/06                                             
JSE share code: NBKP                                                            
ISIN: ZAE000043667                                                              
NEDBANK GROUP LIMITED AND NEDBANK LIMITED - RETIREMENT OF INDEPENDENT NON-      
EXECUTIVE DIRECTOR                                                              
Nedbank Group and Nedbank Limited advise that Cedric Savage has informed the    
boards of his decision to take early retirement as an independent non-executive 
director with effect from 14 May 2008.                                          
Nedbank Group chairman Reuel Khoza thanked Mr Savage (69) for his contribution  
to the boards since his appointment in 2002. "The group has truly benefited from
Cedric`s extensive corporate and board level experience. He has been a committed
director and has always participated actively in board and committee debates. We
wish Cedric well in his retirement."                                            
Sandton                                                                         
19 February 2008                                                                
For further information contact                                                 
Tier 1 Investor Relations                                                       
Tel: +27 (0)21 702-3102                                                         
Sponsors:                                                                       
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Date: 19/02/2008 15:10:12 Produced by the JSE SENS Department.                  
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