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NED
NED
NED - Nedbank Group - Dealings in Securities by Executive Director
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")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTOR
In terms of paragraphs 3.63 - 3.66 of the Listings Requirements of the JSE
Limited, the following information is disclosed in respect of the exercise of
share options and dealing in Nedbank Group ordinary shares by an executive
director of Nedbank Group and Nedbank Limited:
Name: GW Dempster
Capacity: Chief Operating Officer
Option exercise date: 20 December 2010
Strike price: R110,98
Option issue date: 28 February 2006
Option vesting date: 28 February 2009
Option expiry date: 28 February 2011
Number of securities: 45 000
Total value: R4 994 100,00
Nature of transaction: Exercise of share options
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: GW Dempster
Capacity: Chief Operating Officer
Date of the transaction: 20 December 2010
Price per share: R128,13
Number of securities: 45 000
Total value: R5 765 818,50
Nature of transaction: Sale
Nature of trade: On market
Extent of interest: Direct beneficial
Taxable gain: R771 718,50
The required prior written clearance for the exercise of the options and the
dealing in shares has been obtained.
Sandton
21 December 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) Limited
Date: 21/12/2010 14:19:01 Produced by the JSE SENS Department.
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