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NED - Nedbank Group- Results of general meeting
Nedbank Group Limited
(Incorporated in the Republic of South Africa)
(Reg No 1966/010630/06)
Share code JSE: NED NSX: NBK
ISIN: ZAE000004875
(`Nedbank Group` or the `Company`)
Results of general meeting
Members are advised that at the general meeting of members of Nedbank Group
held on Friday, 5 June 2009, the resolution relating to the placing of 12 855
359 ordinary shares in the authorised but unissued ordinary share capital of
the Company under the authority and control of the board of directors for
issue to Old Mutual plc and its wholly owned subsidiaries ("Old Mutual
Group") in respect of the acquisition by Nedbank Group of Old Mutual Group
interests in BoE (Proprietary) Limited, Nedgroup Life Assurance Company
Limited and Fairbairn Private Bank Limited, was passed by a 90.25% majority
of shareholders present and voting. Shareholders representing 29.68% of the
issued ordinary share capital in Nedbank Group were present in person or by
proxy at the meeting.
The acquisition will become unconditional when the last condition precedent,
as set out in the announcement on 15 May 2009, has been fulfilled.
As indicated in the circular posted to members on Tuesday, 19 May 2009, Old
Mutual plc abstained from voting at the general meeting.
Sandton
5 June 2009
Investment bank, corporate adviser and sponsor
Nedbank Capital
Attorneys
Edward Nathan Sonnenbergs
Independent reporting accountants
KPMG
Independent lead sponsor
Merrill Lynch South Africa (Pty) Ltd
Sponsoring broker in Namibia
Old Mutual Investment Services
Independent professional expert
J.P. Morgan
Date: 05/06/2009 10:45:01 Produced by the JSE SENS Department.
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