Dealings in securities NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NED NSX share code: NBK ISIN: ZAE000004875 (‘Nedbank Group’) DEALINGS IN SECURITIES In terms of paragraphs 3.63 - 3.65 of the Listings Requirements of the JSE, the below information is disclosed in respect of the dealings in shares by directors and associates of directors of Nedbank Group. The dealings relate to the receipt of Nedbank Group shares as a result of the 15 October 2018 unbundling by Old Mutual Limited of 158 726 732 Nedbank Group Ordinary Shares, comprising 31.73% of Nedbank Group’s share register as at 12 October 2018 (the ‘Unbundling’). Shareholders are referred to the announcements released on SENS by Old Mutual Limited and Nedbank Group Limited on 26 September 2018 for further information about the Unbundling. Name of director: V Naidoo Designation: Non-executive Chairman Date of transaction: 15 October 2018 Class of shares: Ordinary shares Number of shares: 2 119 Price per share: R244.87 (based on the closing price of Nedbank Group shares at 12 October 2018) Total value: R518 879.53 Nature of transaction: Receipt of Nedbank Group shares as a result of the Unbundling Nature of trade: Off market Extent of interest: Indirect beneficial Name of director: BA Dames Designation: Independent non-executive director Date of transaction: 15 October 2018 Class of shares: Ordinary shares Number of shares: 64 Price per share: R244.87 (based on the closing price of Nedbank Group shares at 12 October 2018) Total value: R15 671.68 Nature of transaction: Receipt of Nedbank Group shares as a result of the Unbundling Nature of trade: Off market Extent of interest: Direct beneficial Name of director: HR Brody Designation: Independent non-executive director Date of transaction: 15 October 2018 Class of shares: Ordinary shares Number of shares: 256 Price per share: R244.87 (based on the closing price of Nedbank Group shares at 12 October 2018) Total value: R62 686.72 Nature of transaction: Receipt of Nedbank Group shares as a result of the Unbundling Nature of trade: Off market Extent of interest: Direct beneficial Name of associate: MI Wyman Family Trust Name of director: MI Wyman Date of transaction: 15 October 2018 Class of shares: Ordinary shares Number of shares: 321 Price per share: R244.87 (based on the closing price of Nedbank Group shares at 12 October 2018) Total value: R78 603.27 Nature of transaction: Receipt of Nedbank Group shares as a result of the Unbundling Nature of trade: Off market Extent of interest for associate: Direct beneficial Extent of interest for director: Indirect beneficial Name of director: MP Moyo Designation: Non-executive director Date of transaction: 15 October 2018 Class of shares: Ordinary shares Number of shares: 48 842 Price per share: R244.87 (based on the closing price of Nedbank Group shares at 12 October 2018) Total value: R11 959 940.54 Nature of transaction: Receipt of Nedbank Group shares as a result of the Unbundling Nature of trade: Off market Extent of interest: Direct beneficial Name of director: MP Moyo Designation: Non-executive director Date of transaction: 19 October 2018 Class of shares: Ordinary shares Number of shares: 21 559 Price per share: R235.06 Total value: R5 067 658.54 Nature of transaction: Sale of shares to cover tax expenses Nature of trade: On market Extent of interest: Direct beneficial Name of associate: STS Trust (of which MP Moyo is a beneficiary) Name of director: MP Moyo Date of transaction: 15 October 2018 Class of shares: Ordinary shares Number of shares: 827 Price per share: R244.87 (based on the closing price of Nedbank Group shares at 12 October 2018) Total value: R202 507.49 Nature of transaction: Receipt of Nedbank Group shares as a result of the Unbundling Nature of trade: Off market Extent of interest for associate: Direct beneficial Extent of interest for director: Indirect beneficial Name of associate: CS Moyo (spouse of MP Moyo) Name of director: MP Moyo Date of transaction: 15 October 2018 Class of shares: Ordinary shares Number of shares: 36 Price per share: R244.87 (based on the closing price of Nedbank Group shares at 12 October 2018) Total value: R8 815.32 Nature of transaction: Receipt of Nedbank Group shares as a result of the Unbundling Nature of trade: Off market Extent of interest for associate: Direct beneficial Extent of interest for director: Indirect non-beneficial The required written clearance for dealing in these shares has been obtained. Sandton 19 October 2018 Sponsors to Nedbank Group in South Africa: Merrill Lynch South Africa (Pty) Limited Nedbank Corporate and Investment Banking Sponsor to Nedbank Group in Namibia: Old Mutual Investment Services (Namibia) (Pty) Ltd Date: 19/10/2018 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.