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Nedbank Group Limited - Dealings In Securities By Executive Directors And
Company Secretary
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
ISIN: ZAE000004875
(`the company`)
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE
Securities Exchange South Africa, the following information is disclosed in
respect of the dealings in Nedbank Group Limited ordinary shares by the
executive directors, company secretary and an associate of the company secretary
of Nedbank Group Limited and Nedbank Limited. The shares were purchased by a
subsidiary of the company between 30 May 2005 and 9 June 2005 and then acquired
by the following individuals on 10 June 2005:
Number of
shares Price per Total
Name acquired share value
TA Boardman 15 098 R76,50 R1 154 997
(Chief executive)
MWT Brown 9 803 R76,50 R749 930
(Chief financial officer)
GS Nienaber 588 R76,50 R44 982
(Company secretary)
R Nienaber 849 R76,50 R64 949
(Associate of company secretary)
The above shares have been acquired under the Matched Share Scheme, the terms of
which are set out in the Nedbank Group (2005) Share Option, Matched Share and
Restricted Share Scheme. The Matched Share Scheme allows for a portion of an
employee`s after-tax bonus to be used to acquire shares in the company. The
employee may dispose of these shares at any time prior to the vesting date. On
the vesting date (occurring three years after the acquisition of shares in terms
of the Matched Share Scheme) 50% of the shares then still held by the employee
will be matched on a one for one basis if the person is in the employ of the
group and a further 50% of the shares held on vesting date will be matched on a
one for one basis if a pre-determined group performance target is met.
With regard to the shares acquired by the above participants in the Matched
Share Scheme, 50% of shares which are still held on 10 June 2008 will be matched
on a one for one basis if the participants are in the employ of the company, and
the remaining 50% held on 10 June 2008 will be matched on a one for one basis if
the return on equity target of 20% in the 2007 financial year is achieved.
The required prior written clearance for the purchase of these shares and
participation in the share scheme has been obtained.
Sandton
10 June 2005
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 10/06/2005 03:11:19 PM
Produced by the JSE SENS Department
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