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Tue 19 Sep 2006, 11:52 Nedbank Group - Issue of Capitalisation Award Shar
NED
 NED                                                                             
Nedbank Group - Issue of Capitalisation Award Shares to Directors               
NEDBANK GROUP 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 R104,66 per share on 18 September 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                                 
RG Cottrell        11       R1 151,26   Direct Beneficial                       
B de L Figaji   2 001     R209 424,66   Indirect Beneficial                     
MA Enus-Brey       10       R1 046,60   Indirect Beneficial                     
MM Katz            88       R9 210,08   Indirect Beneficial                     
JB Magwaza          3         R313,98   Direct Beneficial                       
JB Magwaza      2 001     R209 424,66   Indirect Beneficial                     
ME Mkwanazi        34       R3 558,44   Direct Beneficial                       
ME Mkwanazi     2 001     R209 424,66   Indirect Beneficial                     
ML Ndlovu       4 002     R418 849,32   Indirect Beneficial                     
GS Nienaber        41       R4 291,06   Indirect Beneficial                     
(company secretary)                                                             
R Nienaber         37       R3 872,42   Indirect Beneficial                     
(associate of the company secretary)                                            
Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
has been obtained.                                                              
Sandton                                                                         
19 September 2006                                                               
Sponsors:                                                                       
Merrill Lynch South Africa (Pty) Limited                                        
Nedbank Capital                                                                 
Date: 19/09/2006 11:52:05 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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