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Fri 31 Mar 2006, 15:34 Nedbank Group - Dealings in Securities by Director
NED
 NED                                                                             
Nedbank Group - Dealings in Securities by Director                              
NEDBANK GROUP LIMITED                                                           
(Incorporated in the Republic of South Africa)                                  
Registration number: 1966/010630/06                                             
JSE share code: NED                                                             
ISIN: ZAE000004875                                                              
("Nedbank Group")                                                               
DEALINGS IN SECURITIES BY DIRECTOR                                              
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 by a non-executive director of 
Nedbank Group and Nedbank Limited:                                              
Name:                     ML Ndlovu                                             
Capacity:                 Non-executive director                                
Date of transaction:      29 March 2006                                         
Strike price:             R88,00                                                
Number of securities:     10 000                                                
Total value:              R880 000,00                                           
Nature of transaction:    Exercise of share options                             
Extent of interest:       Direct beneficial                                     
Name:                     ML Ndlovu                                             
Capacity:                 Non-executive director                                
Date of transaction:      29 March 2006                                         
Strike price:             R125,00                                               
Number of securities:     12 500                                                
Total value:              R1 562 500,00                                         
Nature of transaction:    Exercise of share options                             
Extent of interest:       Direct beneficial                                     
Name:                     ML Ndlovu                                             
Capacity:                 Non-executive director                                
Date of transaction:      29 March 2006                                         
Strike price:             R45,00                                                
Number of securities:     9 375                                                 
Total value:              R421 875,00                                           
Nature of transaction:    Exercise of share options                             
Extent of interest:       Direct beneficial                                     
Name:                     ML Ndlovu                                             
Capacity:                 Non-executive director                                
Date of transaction:      29 March 2006                                         
Price per share:          R126,56                                               
Number of securities:     19 375                                                
Total value:              R2 452 115,50                                         
Nature of transaction:    Sale on the open market                               
Extent of interest:       Direct beneficial                                     
The required prior written clearance for the exercise of the options and the    
sale of shares had been obtained.                                               
Sandton                                                                         
31 March 2006                                                                   
Sponsors                                                                        
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Date: 31/03/2006 03:34:54 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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