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Tue 4 Apr 2006, 14:50 Nedbank Group Limited - Issue of capitalisation sh
NED
 NED                                                                             
Nedbank Group Limited - Issue of capitalisation shares to directors             
Nedbank Group Limited                                                           
(formerly Nedcor Limited)                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number: 1966/010630/06                                             
JSE share code: NED                                                             
ISIN code: ZAE000004875                                                         
("Nedbank Group")                                                               
ISSUE OF CAPITALISATION AWARD SHARES TO DIRECTORS                               
The following information is disclosed in respect of the capitalisation award of
ordinary Nedbank Group shares issued at R115,97 per share on 3 April 2006 to    
directors, the company secretary and an associate, of Nedbank Group             
and Nedbank Limited who elected this option:                                    
               Number of    Value of                                            
Name of        shares       shares      Type of                                 
director       awarded      awarded     holding                                 
WAM Clewlow        45       R5 218,65   Indirect Beneficial                     
RG Cottrell         8         R927,76   Direct Beneficial                       
B de L Figaji   1 574     R182 536,78   Indirect Beneficial                     
MA Enus-Brey        8         R927,76   Indirect Beneficial                     
MM Katz            69       R8 001,93   Indirect Beneficial                     
JB Magwaza      1 574     R182 536,78   Indirect Beneficial                     
ME Mkwanazi        27       R3 131,19   Direct Beneficial                       
ME Mkwanazi     1 574     R182 536,78   Indirect Beneficial                     
ML Ndlovu       3 147     R364 957,59   Indirect Beneficial                     
GS Nienaber        32       R3 711,04   Indirect Beneficial                     
(company secretary)                                                             
R Nienaber         30       R3 479,10   Indirect Beneficial                     
(associate of the company secretary)                                            
Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
has been obtained.                                                              
Sandton                                                                         
4 April 2006                                                                    
Sponsors:                                                                       
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Date: 04/04/2006 02:50:06 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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