Nedbank Group And Nedbank Limited - Appointment Of Non-Executive Directors
Nedbank Group Limited
(formerly Nedcor Limited)
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
ISIN: ZAE000004875
(`Nedbank Group` or `the group`)
NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/00009/06
JSE share Code: NBKP
ISIN: ZAE000043667
NEDBANK GROUP AND NEDBANK LIMITED - APPOINTMENT OF NON-EXECUTIVE DIRECTORS
The boards of directors of Nedbank Group and Nedbank Limited have pleasure in
announcing the appointments of the following non-executive directors with effect
from 16 August 2005:
- Gloria Serobe, founding member of Wiphold and chief executive officer of
Wipcapital;
- Mustaq Enus-Brey, chief executive officer of Brimstone Investment Corporation;
and
- Reuel Khoza, chairman of Aka Capital.
These board appointments follow the finalisation of the black economic
empowerment (`BEE`) transaction by Nedbank Group and acknowledge the strategic
role to be played by the black business partners in the group`s affairs.
Mrs Serobe will represent the Wiphold consortium and Mr Enus-Brey the Brimstone
consortium, while Mr Khoza represents Aka Capital which will participate in the
Nedbank Group corporate client scheme as a business development partner.
Mrs Serobe and Mr Enus-Brey will serve on the Group Audit Committee and Mr Khoza
will join the Group Remuneration Committee and Group Credit Committee.
Sandton
16 August 2005
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 16/08/2005 02:26:13 PM
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