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NED
NED
Nedbank Group - Dealings in Securities by Executive Directors and company
secretary
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" or "the company")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND 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 matching of Nedbank Group
ordinary shares in terms of the 2005 Matched Share Scheme in respect of the
executive directors and the company secretary of Nedbank Group.
Name: TA Boardman
Capacity: Executive director
Date of the transaction: 1 April 2009
Number of securities: 5 000
Extent of interest: Indirect beneficial
Name: MWT Brown
Capacity: Executive director
Date of the transaction: 1 April 2009
Number of securities: 3 700
Extent of interest: Indirect beneficial
Name: GS Nienaber
Capacity: Company secretary
Date of the transaction: 1 April 2009
Number of securities: 733
Extent of interest: Indirect beneficial
The Matched Share Scheme allows for voluntary participation in an amount up to
50% of an employee`s annual after-tax bonus. This participation may be in the
form of the employee acquiring shares in the company or committing shares
already owned by them up to an equivalent value. The employee may dispose of
these shares at any time prior to the matching date, which would cancel their
participation in the Scheme in respect of these shares.
On the anniversary date (the day following three years after the inception date)
50% of the shares still held in trust in respect of the participant`s portfolio
are matched on a one for one basis if the person is in the employ of the company
and a further 50% of the shares still held in trust on the anniversary date are
matched on a one for one basis if a predetermined company performance target was
met.
The persons listed above were still in the employ of the company on 1 April
2009, but the predetermined company performance target for the 2008 financial
year was not met, resulting in only 50% of the shares being matched.
The required prior written clearance for the matching of these shares has been
obtained.
Sandton
1 April 2009
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Sponsor in Namibia
Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 01/04/2009 11:04:01 Produced by the JSE SENS Department.
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