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Fri 11 Nov 2005, 16:38 Nedbank Group Limited - Dealings In Securities By
Nedbank Group Limited - Dealings In Securities By Non-Executive Directors And   
Associates                                                                      
NEDBANK GROUP LIMITED                                                           
(Formerly Nedcor Limited)                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number: 1966/010630/06                                             
JSE share code: NED                                                             
ISIN: ZAE000004875                                                              
("the company" or "the group")                                                  
DEALINGS IN SECURITIES BY NON-EXECUTIVE DIRECTORS AND ASSOCIATES                
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of JSE Limited,  
the following information is disclosed in respect of the acquisition of Nedbank 
Group Limited ordinary shares by independent non-executive directors and        
associates of independent non-executive directors of Nedbank Group Limited and  
Nedbank Limited on 9 November 2005:                                             
Number of                                                    
                   shares      Price per   Total                                
Name               acquired    share       value                                
Mr ME Mkwanazi*     1 148       R87,05      R99 933,40                          
Mrs KF Mkwanazi     1 148       R87,05      R99 933,40                          
Prof B de L Figaji* 1 148       R87,05      R99 933,40                          
Mrs DV Figaji       1 148       R87,05      R99 933,40                          
Miss TA Figaji      1 148       R87,05      R99 933,40                          
*Nedbank Group Limited and Nedbank Limited Directors                            
These shares are held on an indirect beneficial basis.                          
The shares have been acquired through the Nedbank Eyethu Ownership Plan, part of
the group"s black economic empowerment (BEE) transaction, in terms of which     
qualifying retail clients of Nedbank Group can subscribe for shares at current  
market value, and have the opportunity of receiving one bonus share at the end  
of the lock-in period (36 months) for every three allocated offer shares held,  
subject to the participant complying with the rules of the Nedbank Eyethu       
Ownership Plan.                                                                 
The BEE transaction was announced on 19 April 2005 and details were contained in
a circular to shareholders dated 15 June 2005.  Further details are contained in
the Nedbank Eyethu Ownership Plan prospectus issued on 15 August 2005.          
Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
has been obtained.                                                              
Sandton                                                                         
11 November 2005                                                                
Sponsors                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Date: 11/11/2005 04:38:53 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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