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Thu 19 Jan 2006, 15:03 Nedbank Group Limited - Results Of The Nedbank Eye
NED
 NED                                                                             
Nedbank Group Limited - Results Of The Nedbank Eyethu Ownership Plan            
Nedbank Group Limited                                                           
(formerly Nedcor Limited)                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1966/010630/06)                                            
(Share code JSE: Ned           ISIN: ZAE000004875)                              
("Nedbank" or "the Company")                                                    
RESULTS OF THE NEDBANK EYETHU OWNERSHIP PLAN                                    
1. INTRODUCTION                                                                 
Nedbank shareholders and applicants to the Nedbank Eyethu Ownership Plan are    
referred to the announcements published on the Securities Exchange News Service 
("SENS") of the JSE Limited ("JSE") and in the press on Monday, 15 August 2005, 
and to the prospectus published on the same date, and to the further            
announcements published on SENS and in the press on Tuesday, 15 November 2005 in
terms of which Nedbank offered ordinary shares to the public in terms of the    
Nedbank Eyethu Ownership Plan.                                                  
2. RESULTS OF THE OFFER                                                         
Nedbank received applications for shares from 47 523 individuals in terms of the
Nedbank Eyethu Ownership Plan.  The value of applications received totaled      
approximately R740 454 492.                                                     
Applicants who applied before 15 November 2005 have already been informed of the
result of their application and the number of shares allocated to them.         
Applicants who applied after 15 November 2005 and before 30 November 2005 will  
be informed before 31 January 2006 of the result of their application and the   
number of shares to be allocated to them, which is expected to be the full      
number of shares for which they have applied.                                   
For further information, please call the central support helpline on 0860 555   
130 or e-mail EyethuOwnershipPlan@Nedbank.co.za.                                
Sandton                                                                         
19 January 2006                                                                 
Investment bank, BEE Transaction adviser and sponsor to the Company             
Nedbank Capital, a division of Nedbank Limited                                  
Corporate law advisers to the Company                                           
Edward Nathan (Proprietary) Limited                                             
Joint independent reporting accountants and auditors to the Company             
KPMG Inc                                                                        
Deloitte & Touche                                                               
Lead sponsor to the Company                                                     
Merrill Lynch South Africa (Proprietary) Limited                                
Date: 19/01/2006 03:03:42 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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