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NED
NED
NED - Nedbank Group Limited - 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: MWT Brown
Capacity: Chief executive
Option exercise date: 28 February 2011
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: 70 000
Total value: R7 768 600,00
Nature of transaction: Exercise of share options
Nature of trade: Off market
Extent of interest: Direct beneficial
Name: MWT Brown
Capacity: Chief executive
Date of the transaction: 28 February 2011
Price per share: R126,56
Number of securities: 70 000
Total value: R8 859 410,00
Nature of transaction: Sale
Nature of trade: On market
Extent of interest: Direct beneficial
Taxable gain: R1 090 810,00
The required prior written clearance for the exercise of the options and the
dealing in shares has been obtained.
Sandton
2 March 2011
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: 02/03/2011 10:32:13 Produced by the JSE SENS Department.
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