Nedbank Group Limited - Call of Tier II Subordinat
NED
NED
Nedbank Group Limited - Call of Tier II Subordinated Unsecured Callable Notes
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
ISIN: ZAE000004875
("Nedbank Group")
CALL OF TIER II SUBORDINATED UNSECURED CALLABLE NOTES
On 20 September 2001 Nedbank Group"s wholly owned banking subsidiary, Nedbank
Limited ("Nedbank"), issued R2 billion subordinated unsecured callable notes
ranking as secondary capital ("NED1").
These notes are subject to the terms and conditions as set out in the placing
document dated 20 September 2001 (the "Placing Document").
In terms of the Placing Document the notes mature on 20 September 2011, but
are callable by Nedbank on 20 September 2006, subject to the prior written
approval of the Registrar of Banks.
Pursuant to conditions 4 and 12 of the terms and conditions of the NED1 notes
set out in the Placing Document and having obtained written approval from the
Registrar of Banks, Nedbank hereby gives notice that it will redeem the R2
billion NED1 notes on 20 September 2006 at face value together with any
interest accrued up to that date.
Sandton
11 August 2006
For further information, please contact:
Markus Borner (Nedbank Group Capital Management), tel: 011 295 8616,
email: markusb@nedbank.co.za.
Mike Brown (Chief Financial Officer), tel: 011 294 9999,
email: mikeb@nedbank.co.za.
Sponsors
Merrill Lynch South Africa (Pty) Limited
Nedbank Capital
Date: 11/08/2006 09:07:30 AM Produced by the JSE SENS Department
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