• Introduction
• Value-added statement
• Key sustainability indicators
• Nedbank Group's long-term strategy
• Nedbank Group 2007 strategic framework
• Nedbank Group structure
• Nedbank Group South African operations
• Progress made on group objectives in 2006
• Strategic focus areas for 2007 to 2009
• Key challenges and opportunities for the finance sector
• Chief Executive's statement
• 2006 sustainability highlights
• Report details
• Nedbank Group and human rights - the UN Global Compact
• Stakeholder engagement

• Introduction
• King II implementation plan
• Risk management
• Political contributions and lobbying
• Code of Banking Practice
• Enterprise governance framework
• Money-laundering control
• Values
• Fraud and zero tolerance
• Code of ethics and conflict of interest
• Financial Advisory and Intermediary Services Act
• Relationship with regulators

• Shareholders and the investment community
• Credit ratings
• Shareholder analysis
• Share statistics
• Capital adequacy
• Nedbank Group share performance

• Strategic focus and products
• Nedbank Retail
• Pricing
• Nedbank Corporate
• Nedbank Capital
• Nedbank Group market share
• Client care
• Government market strategy
• Female market strategy
• Dedicated services for non-profit organisations
• Brand management
• Unleashing synergies - alignment with Old Mutual plc and bancassurance

• Human Resources vision and strategy
• Employer branding
• Transforming the business
• Staff statistics
• High-performance culture
• Management Development Programme
• Performance management
• Remuneration, recognition and rewards
• Attraction, retention and development of talent
• Black economic empowerment
• Industrial relations
• Internal communication
• Employee wellbeing

• Nedbank Group and the FSC
• FSC highlights 2006
• FSC scorecard
• Human resources development
• BEE procurement and enterprise development
• Enterprise development
• Providing access to financial services
• Consumer education
• Origination
• Empowerment financing
• Ownership and control
• Corporate social investment

• The Nedbank Foundation
• CSI focus areas: Education
• CSI focus areas: Community development
• CSI focus areas: Economic development
• Staff volunteerism programmes
• Cause-related marketing
• Sponsorships

• Introduction
• Environmental policy
• Environmental and social risk in lending/financing
• Equator Principles
• Socially responsible investment
• Environmentally beneficial products and services
• WWF-SA conservation partnership
• Progress made in 2006
• United Nations Environment Programme
• Training
• Environmental management
• Environmental expenditure
• Summary of headoffice premises

• Introduction
• The Green Trust
• The Nelson Mandela Children's Fund
• The Sports Trust
• The Arts & Culture Trust

• African highlights 2006
• Nedbank Lesotho
• Nedbank Swaziland
• MBCA Bank Zimbabwe
• Nedbank Malawi
• Nedbank Namibia
• Channel Islands
• Nedbank London

Sustainability is about ensuring financial prosperity and stability for our investors and staff, integrating social and environmental responsibility for our local communities and the countries in which we operate, and remaining relevant and accessible to our clients

The primary role of Nedbank Group Sponsorships is to provide a platform and a vehicle to profile the Nedbank Group brand through the leveraging of identified and approved sponsorship properties, thereby ensuring alignment to group business strategy.

In principle, Nedbank Group will not consider or participate in sponsorships pertaining to:

• religious groups, political parties and related activities;
• blood sports or gambling (boxing, horse racing, etc);
• environmentally unfriendly activities;
• activities or events engaging direct competitor activity or other high-profile sponsors;
• groups, teams, clubs and individuals (including staff);
• regional or provincial bodies or activities;
• once-off unsustainable activities or events;
• events or activities that are exclusionary on the basis of race, religion, gender or disability; and
• overseas events or activities.

Some of the prominent sponsorships in which Nedbank Group does participate are:

GOLF

The profile of golf in South Africa has changed dramatically in recent years and the sport offers opportunities for sponsorship at every level, from competition to development, social responsibility and corporate affairs.

By sponsoring golfing events, Nedbank Group reaches a large section of both our client base and our target market. Through this sponsorship we reach the emerging market and contribute to the development of golf among women and the previously disadvantaged.

The current golf portfolio of Nedbank Group Sponsorships includes:

• Nedbank Golf Challenge;
• Nedbank Group Ladies novice – Pro-Am/amateur series;
• Nedbank Group Disabled Open;
• Nedbank Golf Network Card (NGN);
• Sunshine Tour – official banker; and
• SportsTrust Golf Challenge – (co-sponsored with Sun International as the two founding trustees).

SPORT FOR THE DISABLED

Nedbank Group has had a long and mutually rewarding association with sport for the disabled – the highlight being the annual Nedbank Group Championships for the Physically Disabled, which took place in Bloemfontein in 2006. The championships support our ongoing sponsorship of the SA Paralympic team, due to compete again in Beijing in 2008.

We were delighted that members of the ‘swing clinic for disabled golfers’ were able to join us at the highlight of the local golfing calendar – the annual Nedbank Golf Challenge held at Sun City. R1 million was raised for sports development at The Sports Trust Challenge played immediately after the main event.

The current ‘sport for the disabled portfolio’of Nedbank Group Sponsorships includes:

• Nedbank Group National Championships for the Physically Disabled;
• Nedbank Group Technical Excellence and Administration Programme;
• Nedbank/Curamus Fly-fishing series for the disabled; and
• The SouthAfrican ParalympicTeam (Nedbank is a cosponsor).

The South African Paralympic campaign for Beijing 2008 was launched in Johannesburg in 2006 with corporate South Africa throwing its full financial weight behind the team. Under the banner of ‘Against All Odds,Anything’s Possible’, Nedbank Group joined forces with eight other sponsors in supporting the team going to Beijing.

Nedbank’s own Paralympic legend, Scott Field, will manage the team. The 2008 Beijing Games mark Nedbank’s 14th year of making things happen as a sponsor of the South African Paralympic Team.

ROAD RUNNING

2006 witnessed the first year of a five-year sponsorship deal with Athletics South Africa (ASA) that heralded the introduction of the Nedbank Group Matha (short course) and City Marathon Series, which includes road races staged throughout the year at venues across South Africa.

Road running is one of South Africa’s most popular and accessible sports. As such, the sponsorship of this popular sport gives Nedbank Group a vehicle through which effectively to engage the SA mass market. The Nedbank Group City Marathon and Matha Series have a special focus on stimulating participation among young athletes and, where possible, the promotion and inclusion of athletes with disabilities in mainstream running events will also be a key focus area.

The current road-running portfolio of Nedbank Group Sponsorships includes:

• the Nedbank Group City Marathon and Matha Series; and
• the Comrades Marathon (Nedbank is a co-sponsor)

STRATEGIC SPONSORSHIPS The Businesswomen’s Association Nedbank Group has been the proud sponsor of the Businesswomen’s Association (BWA) since its inception five years ago. The sponsorship supports our Deep Green aspirations of leading transformation, being highly involved in the community and environment and being a most highly respected and aspirational brand –not to mention the bank of choice for women in all markets. Our support for the BWA allows Nedbank Group to grow a quality market share of businesses owned or managed by women, based on our ability to add value and dedicated client focus. Cape Winemakers Guild Nedbank Business Banking is a market leader in the wine industry, providing a full range of banking services for all sectors – from growers to exporters. Our sponsorship of the Cape Winemakers Guild (CWG) provides fantastic hospitality opportunities for our business units in the form of wine auctions and dinners in Johannesburg,Durban and Cape Town.In conjunction with the Nedbank Foundation, financial assistance is also provided for the workers on the wine estates through the Nedbank Group CWG Development Fund.   The Nedbank and Old Mutual Budget Speech Competition Now in its 34th year and run in close cooperation with the Department of Finance, this competition aims to promote economic excellence in South Africa by: promoting the principles of sustainable economic development; developing future leaders in the field of economics (with a focus on young black university students); making young South Africans excited about economics as a subject and career path; and providing students with an opportunity to establish contact with key players in the financial world. The Spier Summer Arts Festival Nedbank Group’s sponsorship of this festival comprises a focused weekend of performances by artists who, it is felt, will appeal to the clients of our various business units. Importantly, the sponsorship provides visible support for the Nedbank Arts Affinity, providing marketing opportunities throughout the three-month Spier programme. Association of Black Securities Investment Professionals This sponsorship allows the group to profile the Nedbank Corporate and Capital clusters and to work closely with highly influential industry leaders. Mfundo Nkuhlu, Managing Director of the Corporate Banking Division of Nedbank Group Corporate, was recognised as the Top Corporate Banker in South Africa for 2006 by the Association of Black Securities and Investment Professionals.