NEDBANK CAPITAl - Nedbank Group Limited

Major shareholders/managersNumberof shares2009% holding2008% holdingOld Mutual Life Assurance Company (South Africa) Limited and associates 260 336 704 52,21 54,30Nedbank Group treasury shares (SA) 62 937 839 12,63 12,63Black economic empowerment trusts:– Eyethu Scheme – Nedbank South Africa 39 578 938 7,94 8,78– Omufima Scheme – Nedbank Namibia 757 346 0,15 0,14Nedbank Group (2005) Share Option, Matched and Restricted Share Scheme 7 606 814 1,53 0,52Nedbank Group Limited and associates (Capital Management) 14 715 049 2,95 3,14Nedbank Namibia Limited 47 512 0,01NES Investments (Pty) Limited 232 180 0,05 0,05Lazard Asset Management (US) 29 913 320 6,00 5,02Public Investment Corporation (SA) 28 817 152 5,78 3,14Coronation Fund Managers (SA) 14 007 444 2,81 2,94Sanlam Investment Management (SA) 10 955 128 2,20 2,01BlackRock Inc (US and UK) 5 960 039 1,20 1,16Prudential Portfolio Managers (SA) 5 102 506 1,02 1,12GROUP REPORTSBeneficial shareholders holding of 5% or moreOld Mutual Life Assurance Company (South Africa) Limited and associates 260 336 704 52,21 53,89Public Investment Corporation (SA) 37 005 824 7,42 6,49Geographical distribution of shareholdersDomestic 430 936 928 86,42 87,80– South Africa 424 740 361 85,17 86,41– Namibia 3 320 058 0,67 0,66– Unclassified 2 876 509 0,58 0,73Foreign 67 734 088 13,58 12,20– United States of America 48 552 928 9,74 8,92– United Kingdom and Ireland 5 505 506 1,10 0,88– Europe 5 489 128 1,10 0,42– Other countries 8 186 526 1,64 1,98OPERATIONAL REVIEWS498 671 016 100,00 100,00GOVERNANCEOVERVIEW99NEDBANK GROUP ANNUAL REPORT 2009