Major shareholders/managersNumberof shares2009% holding2008% holdingOld Mutual Life Assurance Company (South Africa) <strong>Limited</strong> and associates 260 336 704 52,21 54,30<strong>Nedbank</strong> <strong>Group</strong> treasury shares (SA) 62 937 839 12,63 12,63Black economic empowerment trusts:– Eyethu Scheme – <strong>Nedbank</strong> South Africa 39 578 938 7,94 8,78– Omufima Scheme – <strong>Nedbank</strong> Namibia 757 346 0,15 0,14<strong>Nedbank</strong> <strong>Group</strong> (2005) Share Option, Matched and Restricted Share Scheme 7 606 814 1,53 0,52<strong>Nedbank</strong> <strong>Group</strong> <strong>Limited</strong> and associates (Capital Management) 14 715 049 2,95 3,14<strong>Nedbank</strong> Namibia <strong>Limited</strong> 47 512 0,01NES Investments (Pty) <strong>Limited</strong> 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) <strong>Limited</strong> 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 671 016 100,00 100,00GOVERNANCEOVERVIEW99<strong>NEDBANK</strong> GROUP ANNUAL REPORT 2009
OPERATIONAL REVIEWgroup technologyFred Swanepoel (46)Chief Information OfficerFred has more than 20 years’ experience in finance, banking andinformation technology (IT). He joined <strong>Nedbank</strong> in 1996 as AssistantGeneral Manager of Western Cape Operations. Since 2004 Fred hasgained experience at the highest levels of <strong>Nedbank</strong>’s Operations andTechnology cluster, holding the position of Divisional Director forFinance, Risk and Compliance; Projects and Programme Management;and <strong>Group</strong> Software Services. Fred was appointed to his current rolein November 2008.100<strong>NEDBANK</strong> GROUP ANNUAL REPORT 2009