NED - Nedbank Group Limited - Voluntary announcement regarding the proposed
NED
NED
NED - Nedbank Group Limited - Voluntary announcement regarding the proposed
acquisition of the Old Mutual Plc group`s ("THE OLD MUTUAL GROUP") interest in
various joint ventures
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")
VOLUNTARY ANNOUNCEMENT REGARDING THE PROPOSED ACQUISITION OF THE OLD MUTUAL PLC
GROUP`S ("THE OLD MUTUAL GROUP") INTEREST IN VARIOUS JOINT VENTURES
The Nedbank Group shares interests in certain joint ventures ("the joint
ventures") with the Old Mutual Group. The joint ventures are presently managed
within the Retail Division of the Nedbank Group.
Discussions are in progress in terms of which Nedbank Group may acquire the Old
Mutual Group`s interests in the joint ventures in exchange for shares in the
Nedbank Group.
At this stage no definitive terms have been agreed upon.
Sandton
4 March 2009
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 04/03/2009 09:28:34 Produced by the JSE SENS Department.
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