BOARD OF DIRECTORS

August 2005 as a director and May 2006 as non-executive Chairman.

BA(Hons) Psychology (UNIN), MA Marketing Management (Lancaster, UK), EngD (Warwick, UK), IPBM-IMD (Lausanne, Switzerland), PMD (Harvard Business School, USA), LLD(hc) (Rhodes).

South African.

Reuel was appointed the non-executive Chairman of the group in May 2006. He is also Chairman of Aka Capital, a non-executive director of Nampak Limited, Protea Group Limited and Old Mutual plc.
He is president of the Institute of Directors and in this capacity served on the King II and King III Committees on corporate governance. He is a founding director of the Black Management Forum and
the former Chairman of Eskom Holdings. Reuel is also the Chancellor of the University of Limpopo.

November 2002 as a director/February 2007 as a senior independent director.

Dip Iuris, MA.

South African.

Chris was appointed independent non-executive director of Nedbank Limited and Nedbank Group Limited during November 2002 and senior independent director in February 2007. He was previously a non-executive director of BoE Limited and five of its subsidiary companies.

November 2002 as a director and March 2010 as a non-executive director.

BCom, CA (SA).

South African.

Tom was Chief Executive of Nedbank Group Limited from December 2003 to February 2010. He was previously Chief Executive and an executive director of BoE Limited. He was the founding shareholder and Managing Director of retail housewares chain Boardmans, which was sold to Pick n Pay in 2006. Prior to this he was Managing Director of Sam Newman Limited and worked for the Anglo American Corporation for three years. He is a non-executive director of Nedbank Group, Vodacom Limited, Woolworths Holdings and Mutual and Federal Insurance Company Limited. He is a director of the World Wide Fund for Nature South Africa and The Peace Parks Foundation and Chairman of the David Rattray Foundation, and serves as a trustee on a number of other charitable foundations.

June 2004 as director and March 2010 as Chief Executive.

BCom, Dip Acc, CA (SA), AMP (Harvard Business School, USA).

South African.

Mike was previously the Chief Financial Officer of the group. Prior to this he was an executive director of BoE Limited and, after the merger between Nedbank Limited, BoE Limited, Nedbank Investment Bank Limited and Cape of Good Hope Bank Limited, was appointed Head of Property Finance at Nedbank Limited.

South African.

Thenjiwe was previously the Chief Executive of MGO Consulting and the Head of the Gauteng Department of Finance and Economic Affairs. She is a boardmember of Datacentrix Limited and of the Institute of Directors and a member of the Rice Africa Board. She was previously a non-executive director of the Development Bank of Southern Africa, Telkom, PetroSA and Chairperson of the State Information Technology Agency.

August 2009.

BCom, CTA, CA (SA), AMP (Harvard Business School, USA).

South African.

Graham joined the group in 1980 in the Corporate Finance Division of UAL Merchant Bank Limited. He was appointed General Manager in 1987 and Joint Head of the International Division. He assumed responsibility for the Corporate Banking Division in 1999 and was appointed Managing Director of Nedbank Corporate in 2003. Graham was appointed as the Chief Operating Officer of Nedbank Group Limited in August 2009.

August 2005.

BCompt(Hons), CA (SA).

South African.

Mustaq was appointed as director in August 2005. He is also a director of Brimstone Investment Corporation Limited and Oceana Group Limited.

November 2002.

BSc(Eng), Dip Tertiary Edu Med, DEd (Coventry, UK), DLitt(hc) (California, USA).

South African.

Brian is Chairman of I&J Limited and MARIB Holdings. He is the former principal and vice-chancellor of the Peninsula Technikon. He is also a director of Cape Lime (Pty) Limited and the Development Fund of the Development Bank of Southern Africa. He became a Nedbank Group director in November 2002.

December 2009

Member of the Association of Corporate Treasurers 1989.

New Zealand.

Don was appointed Head of Strategy Development at Old Mutual plc in March 2009. He joined the Old Mutual Group as Group Treasurer in May 1999 with responsibility for developing the
group’s international treasury function. Don is Chairman of Old Mutual (Bermuda) Limited.

January 2009.

BSc(Eng) (Elec), MBL, DBL(hc), DBA(hc).

South African.

Alan served as Managing Director of Vodacom Limited from 1993 and was Chief Executive of Vodacom Group from 1996 until his retirement at the end of September 2008. He is currently an independent non-executive director of Murray and Roberts Holdings Limited, a member of the Board of the Council for Scientific and Industrial Research, an independent non-executive director of Right to Care and a Governor of the Lebone II School.

August 2009.

BSc.

South African.

Wendy is a member of empowerment investment company, Peotona Group Holdings. She was previously Chief Executive of FirstRand’s retail business and prior to that an executive director of Rand Merchant Bank. She is currently an independent non-executive director of Eskom, the Development Bank of Southern Africa, BSA, Anglo Platinum and Dimension Data plc. Wendy is also a member of the President’s Advisory Council on Black Economic Empowerment.

October 2006.

BCompt(Hons), CA (SA).

South African.

Nomavuso is a director at Winhold Group, Optimum Coal Limited and Land Bank Limited. She was a senior partner and member of the executive committee of SizweNtsaluba before serving as Group Audit and Risk Executive at Imperial Holdings Limited.

September 2009.

BCompt(Hons), CA (SA), H Dip Tax, AMP (Insead).

South African.

Raisibe has held senior positions in banking and insurance. Prior to joining Nedbank Limited she was an executive director of Sanlam Limited and a non-executive director of Santam Limited.
She previously held several executive positions at the Industrial Development Corporation of South Africa Limited, the last position being Chief Operating Officer.

August 2010

MSc (University of London, UK).

South African

Joel is an executive director of the Mapungubwe Institute (MISTRA) and a member of the National Planning Commission. He has been a member of the National Executive Committee of the African National Congress (ANC) since 1991, and is a member of the ANC’s Economic Transformation and Political Education Subcommittees. He served as Head of Policy Coordination and Advisory
Services in the Presidency from 2001 to December 2009. He was previously Chief Executive of the Government Communication and Information System and also served as Head of Communication in the President’s Office. He was appointed to the board of Life Healthcare Group Holdings Limited
as non-executive director with effect from 30 November 2010.

December 2009.

Fellow of Institute of Chartered Accountants, member of Association of Corporate Treasurers, Accountancy and Business Law (University of Stirling, Scotland).

British.

Julian was appointed Group Chief Executive of Old Mutual plc in September 2008. Prior to this he was Chief Executive of the group’s Skandia business. Julian originally joined Old Mutual plc as Group Finance Director in August 2000. Before joining Old Mutual, Julian was Group Finance Director of Sun Life & Provincial Holdings plc (now part of AXA) and previously Chief Financial Officer of Aon UK Holdings Limited.

August 2005.

BCom (Unitra), MBA (Rutgers, USA).

South African.

Gloria is the Chief Executive of Wipcapital Limited and also the founder and an executive director of Wiphold Limited. She was previously the Executive Director, Finance, at Transnet. Gloria serves on several boards, including that of JSE Limited. She is also a non-executive director of Old Mutual Life Assurance Company (SA) Limited.

August 2009.

CA (SA) AMP (Harvard Business School, USA).

British.

Malcolm is an executive director and the Chief Financial Officer of SABMiller plc, a position he has held since 2001. He was previously executive director responsible for corporate finance, planning and development.