NED
NED
Nedbank Group Limited - Lapsing of Share Options
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
ISIN: ZAE000004875
("Nedbank Group" or "the group")
LAPSING OF SHARE OPTIONS HELD BY DIRECTORS, COMPANY SECRETARY AND ASSOCIATE
The following share options for Nedbank Group ordinary shares held by directors,
the company secretary and an associate of the company secretary of Nedbank Group
Limited and Nedbank Limited will be lapsing in April 2006:
Number of
options Strike Vesting
Name awarded price date
TA Boardman 10 000 R88,00 1 April 2006
(Chief executive) 4 167 R60,00 1 April 2006
MWT Brown 9 000 R88,00 1 April 2006
(Chief financial 3 750 R45,00 1 April 2006
officer)
ML Ndlovu 10 000 R88,00 1 April 2006
(Non-executive 4 167 R45,00 1 April 2006
director) 12 500 R125,00 15 April 2006
5 208 R45,00 15 April 2006
GS Nienaber 5 000 R88,00 1 April 2006
(Company secretary) 2 083 R45,00 1 April 2006
7 500 R125,00 15 April 2006
3 125 R45,00 15 April 2006
R Nienaber 833 R88,00 1 April 2006
(Associate of 347 R45,00 1 April 2006
company secretary) 1 312 R125,00 15 April 2006
547 R45,00 15 April 2006
These share options were granted in terms of the Nedbank Group (1994) Share
Option Scheme in 2002, 2003 and in 2004 as a result of the rights offer. The
abovementioned share options were linked to the group"s achievement of
predetermined financial targets, which have not been met.
Sandton
13 March 2006
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 13/03/2006 05:04:12 PM Produced by the JSE SENS Department
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