NEDBANK GROUP
EMPLOYEE INCENTIVE SCHEMES

	2010	2009
Movements
Instruments outstanding at the beginning of the year	18 732 388	18 918 278
Granted	4 581 240	5 274 418
Exercised	(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	18 732 388
Analysis
Non-performance-based options – 1994 scheme	43 500	628 280
Performance-based options – 2005 scheme	7 547 282	11 180 686
Non-performance-based options – 2005 scheme	3 430 400	6 340 374
Performance-based options – matched shares 2005 scheme	324 724	291 524
Non-performance-based options – matched shares 2005 scheme	324 723	291 524
	11 670 629	18 732 388
Summary by scheme
Nedcor Group Employee Incentive Scheme (1994)	43 500	628 280
Nedbank Group Options Scheme (2005)	10 977 682	17 521 060
Nedbank Group Matched Share Scheme (2005)	649 447	583 048
Instruments outstanding at the end of the year	11 670 629	18 732 388

 

NEDCOR GROUP EMPLOYEE INCENTIVE SCHEME (1994)

The following options granted had not been exercised at 31 December 2010:

	Option expiry date	Number of shares	Issue price R
	20-Apr-11	43 500	74,40
Total		43 500

 

NEDBANK GROUP (2005) SHARE OPTION, MATCHED AND RESTRICTED SHARE SCHEME

Share options and restricted shares:
The following instruments granted had not been exercised at 31 December 2010

Instruments expiry date	Number of shares	Issue price R
31-Dec-10	159 507p	*
31-Dec-10	92 208	*
28-Feb-11	556 279	110,98
04-Mar-11	1 735 427p	*
10-Aug-11	137 800	107,03
12-Aug-11	156 125p	*
01-Jan-11	6 000	144,30
01-Jan-11	8 900	134,30
04-Mar-12	3 449 325p	*
12-Aug-12	582 315	*
03-Mar-13	1 946 531p	*
04-Mar-13	1 946 531	*
06-Aug-13	100 367p	*
07-Aug-13	100 367	*
Total	10 977 682

 

p	Performance-based instruments.
*	Restricted shares issued at a market price for no consideration to participants and held by the scheme until expiry date (subject to achievement of performance- and time-based conditions). Participants have full rights and receive dividends.

 

MATCHED SHARES

The obligation to deliver the following matched shares (50% is subject to time and the other 50% to performance conditions) exists at 31 December 2010:

	Instrument expiry date	Number of shares
	01-Apr-11	252 140
	01-Apr-12	178 906
	01-Apr-13	218 401
Total		649 447