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NED
NED
Nedbank Group - Dealings in Securities by Directors
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 company")
DEALINGS IN SECURITIES BY DIRECTORS
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE, the
following information is disclosed in respect of the exercise of share options
and the dealing in Nedbank Group ordinary shares, and participation in an
incentive scheme, by the executive directors of Nedbank Group and Nedbank
Limited:
Name: TA Boardman
Capacity: Chief Executive
Date of transaction: 27 March 2006
Strike price: R60,00
Number of securities: 26 292
Total value: R1 577 520,00
Nature of transaction: Exercise of share options
Extent of interest: Direct beneficial
Name: MWT Brown
Capacity: Chief Financial Officer
Date of transaction: 27 March 2006
Strike price: R45,00
Number of securities: 7 400
Total value: R333 000,00
Nature of transaction: Exercise of share options
Extent of interest: Direct beneficial
Name: TA Boardman
Capacity: Chief Executive
Date of transaction: 27 March 2006
Price per share: R136,27
Number of securities: 16 292
Total value: R2 220 123,87
Nature of transaction: Sale on the open market
Extent of interest: Direct beneficial
The shares that have been retained post these transactions (TA Boardman 10 000
and MWT Brown 7 400) have been allocated to the Matched Share Scheme, the terms
of which are set out in the Nedbank Group (2005) Share Option, Matched Share and
Restricted Share Scheme.
If these shares are still held on 29 March 2009, they will be matched on a one
for every two held basis if the participant is in the employ of the company, and
will also be matched on a further one for every two held basis if the
predetermined financial performance target for the 2008 financial year, set by
the Remuneration Committee, is achieved.
The required prior written clearance for the exercise of the options and the
participation in the share scheme has been obtained.
Sandton
28 March 2006
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 28/03/2006 04:57:24 PM Produced by the JSE SENS Department
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