NEDBANK CAPITAl - Nedbank Group Limited

isk and BALANCE SHEET management reportCredit concentration riskSingle-name credit concentrationOur top-20-exposure analysis, in particular the ‘percentage of total group credit economic capital’, confirms that Nedbank Groupdoes not have undue single-name credit concentration risk. Nedbank Group’s credit concentration risk measurement incorporatesthe asset size of obligors/borrowers into its calculation of credit economic capital. Single-name concentration is monitored at allcredit committees, which includes the applicable regulatory and economic capital per exposure.Nedbank Group also conducts stress testing of single-name large exposures, and their potential impact on capital ratios, in ourstress and scenario testing in assessing the capital adequacy buffers.Top 20 Nedbank Group exposures (excluding banks and government exposure)2009NoInternal NedbankGroup Rating (NGR)(probability ofdefault) ratingExposure at defaultRm% of total groupcredit economic capital1 NGR04 4 871 0,022 NGR04 4 396 0,173 NGR03 3 896 0,024 NGR08 3 383 0,235 NGR04 3 148 0,106 NGR09 3 245 0,247 NGR03 3 125 0,028 NGR04 2 701 0,019 NGR16 2 646 0,3510 NGR03 2 628 0,0011 NGR04 2 389 0,0212 NGR07 2 368 0,0813 NGR03 2 293 0,0114 NGR08 2 280 0,1415 NGR15 2 258 0,6416 NGR06 2 239 0,1017 NGR10 2 119 0,0518 NGR12 2 058 0,2819 NGR14 2 042 0,5920 NGR08 1 797 0,12Total of top 20 exposures 55 882 3,19Total group 597 411152NEDBANK GROUP ANNUAL REPORT 2009