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Nedbank Group - Reuel Khoza Appointed As Chairman Designate
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")
REUEL KHOZA APPOINTED AS CHAIRMAN DESIGNATE OF NEDBANK GROUP LIMITED AND NEDBANK
LIMITED
As indicated in the Nedbank Group 2004 annual report, Warren Clewlow will be
retiring as chairman of Nedbank Group and Nedbank with effect from the
conclusion of the Nedbank Group 2006 annual general meeting to be held on 4 May
2006, as he will have reached the mandatory retirement age.
The board of directors is pleased to announce that Reuel Khoza has been elected
as Warren Clewlow"s successor.
Reuel Khoza (55) was appointed a non-executive director of Nedbank Group and
Nedbank in August 2005 and serves on the group"s board remuneration and credit
committees.
His banking experience dates back to 1983 when he was appointed to the advisory
board of Standard Bank. This was followed by his appointment as a non-executive
director of Stannic in 1984 and later Standard Bank of SA (appointed 1991) and
Standard Bank Group (appointed 1997), where he served until November 2002.
During his chairmanship of Eskom, he worked closely with the treasury team in
its liaison and negotiation with global bankers.
He is chairman of Aka Capital, which is a strategic business development partner
in the Nedbank Group black economic empowerment transaction.
Reuel Khoza is also currently chairman of the NEPAD Business Group and a non-
executive director of Gold Reef Casino Resorts and the JSE Limited. He is a
president of the Institute of Directors and in this capacity served on the King
II committee on corporate governance. He was a founding director of the Black
Management Forum.
The board would like to thank Warren Clewlow for his service to the group since
his appointment as a non-executive director in September 2000 and in particular
for the role he has played as chairman since May 2004.
Sandton
25 November 2005
For further information kindly contact:
Tier 1 Investor Relations
Tel: +27 (0)21 702 3102
Sponsors:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 25/11/2005 11:41:03 AM Produced by the JSE SENS Department
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