About Nedbank Group

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KEY SUSTAINABILITY INDICATORS

               
  Indicator 2008   2007   2006     Progress
  Headline earnings (Rm) 5 765   5 921   4 435     • Resilient performance in challenging
  Headline EPS (cents) 1 422   1 485   1 110       environment.
  ROE (%) 17,7   21,4   18,6     • Impairments worsened significantly in a
  ROA (%) 1,09   1,30   1,14       difficult environment.
  Efficiency ratio (%) 51,1   54,9   58,2     • Robust revenue growth.
            • Disciplined cost control.
  Group capital 12,4   11,4   11,8     • Capital adequacy increased significantly.
  adequacy (%)         • Issue of the first Hybrid Tier 1 capital
              instruments in South Africa.
            • Disposal of Visa shares.
            • Retention of earnings.
            • Strong focus on the optimisation of risk-
              weighted assets.
  Assets under 84 381   85 438   86 212     BoE and the short-term insurance businesses of
  management (Rm)         Nedgroup Insurance company and Nedgroup
            Insurance Brokers recorded strong volume and
            earnings growth.
  Share price (4 050)  250   3 350     South African banks have shown far less
  movement (cents)         volatility than many of their international peers.
  Number of permanent 27 570   26 522   24 034     Organic growth.
  employees            
  Black staff         Static.
    at executive level (%) 30   30   27        
  Black staff         Nedbank set itself aggressive targets to address
    at senior management         the representation of black staff at management
    level (%) 26,96   22,25   18,87     levels and made good progress in this regard
    at middle management         during 2008.
    level (%) 44,64   35,99   30,66        
    at junior management            
    level (%) 72,76   48,88   41,97        
  Training and skills 4,05   2,02   2,65     Enhanced focus on the development of
  development spend         employees.
  as percentage of payroll            
  Overall BEE spend 62,0   48,1   8,83     Enhanced overall BEE spend.
  ratio (%)            
  Compliance (%) of buildings 93,56   91,22   94,33     Measured ito Nedbank’s occupational health
  participating in the         and Safety Policy, which is more stringent
  occupational Health and         than legislation requires. (compliance ito the
  Safety Programme         Occupational health & Safety Act: 98,56%).
  Corporate social investment 53,5   35   35     2008 industry target: 0,5% of headline earnings.
  spend (Rm)         Nedbank achieved: 0,89% of headline earnings.
  Energy consumption in kwh 94 552 210   100 580 577*   87 157 454     Positive strides made in reducing electricity
            consumption due to internal energy efficiency
            initiatives. Refer overview of carbon emissions
            as contained in section 8 for further details.
  Water consumption 373 935   445 459*   336 139     Reduction in consumption due to a number of
  in kilolitres         water-saving initiatives.
  Paper consumption 1 007   1 047*       Consumption reduced by 3,67% with
  in tons         associated emissions reducing by 3%.
  The Green Trust 5,4   5,3   5     Details of the Green trust projects are
  disbursements (Rm)         contained in section 9.
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Inclusion in sustainability indices
  Dow Jones World Yes   Yes   Yes     Only South African bank included in index,
  Sustainability Index         2008: 74% (2007: 71%).
  JSE SRI Index Yes   Yes   Yes     Included since launch of index in 2004.
   
* 2007 figures restated – refer here.
** Based on narrow-based evaluation (broad-based evaluation process was not finalised in 2006).