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NED
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 dealings by the executive
directors and the company secretary of Nedbank Group and Nedbank Limited.
The following Nedbank Group ordinary shares (previously acquired by the
individuals listed below) have been committed by the undermentioned individuals
to the 2009 Matched Share Scheme on 20 April 2009:
Name Number of shares committed Value @ R85,28
TA Boardman 21 100 R1 799 408,00
(Executive director)
MWT Brown 11 051 R942 429,28
(Executive director)
GS Nienaber 3 375 R287 820,00
(Company secretary)
The shares committed are in terms of the rules as set out in the Nedbank Group
(2005) Share Option, Matched Share and Restricted Share Scheme.
The Matched Share Scheme allows for voluntary participation in that up to 50% of
an employee`s after-tax bonus may be used to acquire shares in the company. The
employee can also commit shares already owned by them up to an equivalent value
of 50% of the employee`s after tax bonus. The employee may dispose of these
shares at any time prior to the vesting date, which will cancel their
participation in the Scheme in respect of these shares. On the vesting 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 as per the Scheme rules will
be matched on a one for one basis if the person is in the employ of the company
and a further 50% of the shares held on vesting date will be matched on a one
for one basis if a predetermined company performance target for the period 2009
to 2011 is met.
The required prior written clearance for the commitment of these shares and
participation in the Matched Share Scheme has been obtained.
Sandton
20 April 2009
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Sponsor in Namibia
Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 20/04/2009 15:55:01 Produced by the JSE SENS Department.
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