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248 NEDBANK GROUP Limited INTEGRATED REPORT 2010Nedbank Groupemployee incentive schemesFor the year ended 31 DecemberMovements2010 2009Instruments outstanding at the beginning of the year 18 732 388 18 918 278Granted 4 581 240 5 274 418Exercised (5 200 338) (3 819 227)Expired (5 328 228) (333 979)Surrendered (1 114 433) (1 307 102)Instruments outstanding at the of year 11 670 629 18 732 388AnalysisNon-performance based options – 1994 scheme 43 500 628 280Performance-based options – 2005 scheme 7 547 282 11 180 686Non-performance-based options – 2005 scheme 3 430 400 6 340 374Performance-based options – matched shares 2005 scheme 324 724 291 524Non-performance-based options – matched shares 2005 scheme 324 723 291 524Summary by scheme11 670 629 18 732 388Nedcor Group Employee Incentive Scheme (1994) 43 500 628 280Nedbank Group Options Scheme (2005) 10 977 682 17 521 060Nedbank Group Matched Share Scheme (2005) 649 447 583 048Instruments outstanding at the end of the year 11 670 629 18 732 388Nedcor Group Employee Incentive Scheme (1994)The following options granted had not been exercised at 31 December 2010:Optionexpiry dateNumber ofsharesIssue priceR20-Apr-11 43 500 74,40Total 43 500