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Tue 13 Apr 2010, 12:52 NED - Nedbank Group - Issue of Capitalisation award shares to non-executive
NED
NED                                                                             
NED - Nedbank Group - Issue of Capitalisation award shares to non-executive     
directors                                                                       
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")                                                               
ISSUE OF CAPITALISATION AWARD SHARES TO NON-EXECUTIVE DIRECTORS                 
The following information is disclosed in respect of the capitalisation award of
ordinary Nedbank Group shares issued at R127,66 per share on 12 April 2010 to   
non-executive directors of Nedbank Group and Nedbank Limited who elected this   
option:                                                                         
             Number of   Value of                                               
Name of       shares      shares     Type of                                    
director      awarded     awarded    holding                                    
TCP Chikane     1 661   R212 043,26  Indirect Beneficial                        
B de L Figaji   2 168   R276 766,88  Indirect Beneficial                        
MA Enus-Brey       37     R4 723,42  Indirect Beneficial                        
NP Mnxasana       893   R114 000,38  Indirect Beneficial                        
Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
has been obtained.                                                              
Sandton                                                                         
13 April 2010                                                                   
Sponsors to Nedbank Group in South Africa:                                      
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Sponsor to Nedbank Group in Namibia:                                            
Old Mutual Investment Services (Namibia) (Pty) Ltd                              
Date: 13/04/2010 12:52:01 Produced by the JSE SENS Department.                  
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