NED NBKP
NED NBKP
Nedbank Group - Results of Annual General Meeting and Change in 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" or "the company")
NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE share code: NBKP
ISIN code: ZAE000043667
("Nedbank")
RESULTS OF ANNUAL GENERAL MEETING AND CHANGE IN DIRECTORS
At the annual general meeting of Nedbank Group held on Thursday, 4 May 2006, all
the ordinary and special resolutions outlined in the notice of annual general
meeting dated 22 March 2006 were passed by the requisite majority, with the
exception of Resolution 5 which was withdrawn as no nominations were received
for any person to be proposed as a director in terms of the company"s articles
of association.
The special resolution related to a general authority being granted for Nedbank
Group to repurchase its shares, and will be submitted for registration at the
Registrar of Companies in due course.
Shareholders representing 84,25% of the issued share capital in Nedbank Group
were present in person or by proxy at the meeting.
As has been previously announced, Warren Clewlow retired as a non-executive
director and chairman of Nedbank Group and Nedbank at the meeting, having
reached the mandatory retirement age. Dr Reuel Khoza, who was appointed
chairman designate on 25 November 2005, has succeeded Mr Clewlow as chairman
with immediate effect.
In addition, as announced in the 2005 annual results, Julian Roberts has
resigned as a non-executive director of Nedbank Group and Nedbank with effect
from 5 May 2006, following his appointment as chief executive officer and
director of Old Mutual plc"s subsidiary, Skandia.
Sandton
4 May 2006
For further information contact:
Tier 1 Investor Relations
Tel: +27 (0)21 702-3102
Sponsors:
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 05/05/2006 08:59:09 AM Produced by the JSE SENS Department
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