NEDBANK GROUP LIMITED - Dealings in Securities: Grant and Acceptance of Restricted Shares
Dealings in Securities: Grant and Acceptance of Restricted Shares
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
JSE alpha code: NEDI
(Nedbank Group)
DEALINGS IN SECURITIES: GRANT AND ACCEPTANCE OF RESTRICTED SHARES
In terms of paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of the off-market grant and acceptance of restricted share awards by
a prescribed officer of Nedbank Group.
This grant is in terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share
Scheme (Scheme).
The restricted share awards are Nedbank Group ordinary shares that are issued at no cost to eligible
employees (Restricted Shares). The Restricted Shares are held on an indirect beneficial basis and
participants are entitled to receive dividends from the date of grant and acceptance thereof.
The restricted shares have been issued to Ms Bata at the volume-weighted average price (R232.69),
being the average price paid by the Trust in purchasing the Nedbank Group shares to satisfy the awards
on 11 August 2025. In terms of the Scheme, Ms Bata has no discretion in relation to the number of
Restricted Shares awarded to her nor the price at which such Restricted Shares are awarded.
The vesting of the Restricted Share awards set out below, for which the pre-requisite clearance to deal
has been obtained, are entirely subject to the achievement of corporate performance-based conditions.
Name: Andiswa Bata
Capacity: Managing Executive, Business and Commercial Banking
Number of restricted shares: 42 975 all with performance-based vesting criteria
Price per restricted share: R232.69
Total value: R9 999 852.75
Date of grant and acceptance: 21 August 2025
Date of vesting: 22 August 2028
Sandton
25 August 2025
Sponsor to Nedbank Group in South Africa
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Sponsor to Nedbank Group in Namibia
Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 25-08-2025 02:00:00
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