NED - Nedbank Group Limited - Renewal of cautionary announcement
NED
NED
NED - Nedbank Group Limited - Renewal of cautionary announcement
NEDBANK GROUP LIMITED
Reg No: 1966/010630/06
ISIN: ZAE000004875
JSE share code: NED
NSX share code: NBK
("Nedbank Group")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement released by Nedbank
Group on 23 August 2010, in which shareholders were informed that Old Mutual
plc had advised the Board of Directors of Nedbank Group that it had received a
proposal from HSBC Holdings plc ("HSBC") to acquire a controlling interest in
Nedbank Group.
In the aforementioned announcement, Nedbank Group indicated that the making of
a binding offer by HSBC is subject to a number of pre-conditions. The process
leading up to a potential offer is ongoing and accordingly, shareholders are
advised to continue to exercise caution when dealing in Nedbank Group`s
securities until a further announcement is made.
30 September 2010
Sponsors to Nedbank Group in South Africa:
Vunani Corporate Finance
Nedbank Capital
Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 30/09/2010 10:00:01 Produced by the JSE SENS Department.
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