Download the PDF (5.4 MB) - Nedbank Group Limited

382 NEDBANK GROUP Limited INTEGRATED REPORT 201051 SHARE-BASED PAYMENTS ... continued51.5 Instruments granted during the yearThe weighted average fair value of instruments granted during the year has been calculated using the Black-Scholes option pricing model,using the following inputs and assumptions.2010Nedbank Group(2005) ShareOption andRestricted ShareSchemeNedbank Group(2005) MatchedShare SchemeOld Mutual UKSharesaveScheme(GBP)Number of instruments granted 4 358 878 222 362 235 920Weighted average fair value per instrument granted (R) 125,10 121,46 0,39Weighted average share price (R) 125,10 140,00 1,18Weighted average exercise price (R) 0,99Weighted average expected volatility (%)* 24,6 24,5 55,8Weighted average life (years) 3,0 3,0 3,4Weighted average expected dividends (%)** 4,8 2,1Weighted average risk-free interest rate (%) 7,7 7,7 2,0Number of participants 1 109 263Weighted average vesting period (years) 3,0 3,0 3,4Possibility of not vesting (%) 34 7 0Expectation of meeting performance criteria (%) 66 93 1002009Number of instruments granted 5 080 170 194 248 586 774Weighted average fair value per instrument granted (R) 75,36 67,77 0,17Weighted average share price (R) 75,36 84,50 0,44Weighted average exercise price (R) 0,35Weighted average expected volatility (%)* 49,6 52,0 51,1Weighted average life (years) 3,0 3,0 4,2Weighted average expected dividends (%)** 7,6Weighted average risk-free interest rate (%) 8,0 8,1 2,2Number of participants 1 236 247Weighted average vesting period (years) 3,0 3,0 3,4Possibility of not vesting (%) 78 7 0Expectation of meeting performance criteria (%) 22 93 100* Expected volatility is determined based on the historical average volatility for shares over their vesting periods. Volatility is determined using expectedvolatility for all shares listed on the JSE.** The dividend yield used for grants made has been based on forecast dividends.