Shareholders

SHAREHOLDER ANALYSIS

For the year ended 31 December

Register date: 24 December 2008
Authorised share capital: 600 000 000 shares
Issued share capital: 468 939 397 shares

		No of
	Shareholder spread	shareholdings	%	No of shares	%
	1 – 1 000 shares	12 685	80,02	2 738 106	0,58
	1 001 – 10 000 shares	2 421	15,27	6 871 348	1,47
	10 001 – 100 000 shares	562	3,55	18 855 821	4,02
	100 001 – 1 000 000 shares	147	0,93	40 394 136	8,61
	1 000 001 shares and over	37	0,23	400 079 986	85,32
	Total	15 852	100,00	468 939 397	100,00
	Distribution of shareholders
	Banks	148	0,93	52 122 153	11,12
	Close corporations	114	0,72	223 112	0,05
	Empowerment	33	0,21	45 418 292	9,69
	Endowment funds	73	0,46	382 797	0,08
	Individuals	12 467	78,65	8 117 165	1,73
	Insurance companies	57	0.36	10 379 862	2,21
	Investment companies	67	0,42	7 664 556	1,63
	Medical schemes	14	0,09	210 144	0,04
	Mutual funds	310	1,96	25 569 374	5,45
	Nominees and trusts	1 892	11,93	3 211 665	0,68
	Old Mutual Life Assurance company	44	0,28	252 690 746	53,89
	(SA) Limited and associates
	Other corporations	115	0,73	372 233	0,08
	Private companies	245	1,55	954 945	0,20
	Public companies	25	0,16	276 963	0,06
	Retirement funds	244	1,53	43 315 390	9,24
	Share trusts*	2	0,01	3 082 771	0,66
	Treasury shares	2	0,01	14 947 229	3,19
	Total	15 852	100,00	468 939 397	100,00
	Public/non-public shareholders
	Non-public shareholders	104	0,66	316 664 622	67,52
	Directors and associates	12	0,08	954 368	0,20
	of the company**
	Old Mutual Life Assurance company	44	0,28	252 690 746	53,89
	(South Africa) Limited and associates
	Treasury shares	2	0,01	14 947 229	3,19
	Nedbank/Nedbank Group	3	0,02	121 612	0,03
	pension funds
	Nedbank Group Limited and	2	0,01	3 082 771	0,66
	associates (share trusts)*
	Nedbank Group Limited and	17	0,11	585 468	0,12
	associates (mutual funds)
	Nedbank Group BEE trusts	13	0,08	43 618 748	9,30
	– South Africa*
	Nedbank Group BEE trusts – Namibia	11	0,07	665 680	0,14
	Public shareholders	15 748	99,34	152 274 775	32,47
	Total	15 852	100,00	468 939 397	100,00

* Excludes shares held by directors in share trusts (executive directors only) and Eyethu schemes.
** Includes shares held by directors in share trusts (executive directors only) and Eyethu schemes.

			Dec 2008	Dec 2007
	Major shareholders/managers	No of shares	% holding	% holding
	Old Mutual Group	254 616 529	54,30	53,20
	Old Mutual Life Assurance company	252 690 746	53,89	52,95
	(SA) Limited and associates (SA)
	Old Mutual Investment Group (SA)	1 925 783	0,41	0,25
	Nedbank Group treasury shares (SA)	59 231 657	12,63	12,48
	BEE trusts:
	– Eyethu Scheme – Nedbank South Africa	41 190 909	8,78	9,09
	– Omufima Scheme – Nedbank Namibia	665 680	0,14	0,14
	Nedbank Group (2005) Share Option, Matched Share	2 427 839	0,52
	and Restricted Share Scheme
	Nedbank Group Limited and associates	14 715 049	3,14	3,20
	(Capital Management)
	NES Investments (Pty) Limited	232 180	0,05	0,05
	Public Investment corporation (SA)	23 562 600	5,02	5,31
	Lazard Asset Management (US)	14 702 051	3,14	1,29
	Sanlam Investment Management (SA)	13 770 167	2,94	2,74
	RMB Asset Management (SA)	9 440 374	2,01	0,47
	Barclays Global Investors (US)	5 448 456	1,16	1,04
	Boston company Asset Management (US)	5 235 837	1,12	1,36
	Beneficial shareholders holding 5% or more			No of shares
	Old Mutual Life Assurance company			252 690 746
	(SA) Limited and associates (SA)
	Public Investment corporation (SA)			30 433 723
	Total			283 124 469
			Dec 2008	Dec 2007
	Geographical distribution of shareholders	No of shares	% holding	% holding
	Domestic	411 730 572	87,80	89,55
	– South Africa	405 190 165	86,41	88,37
	– Botswana	65 241	0,01
	– Namibia	3 104 919	0,66	0,40
	– Unclassified	3 370 247	0,72	0,78
	Foreign	57 208 825	12,20	10,45
	– United States of America	41 833 966	8,92	7,09
	– United Kingdom and Ireland	4 125 969	0,88	0,82
	– Europe	1 980 813	0,42	1,51
	– Other countries	9 268 077	1,98	1,03
		468 939 397	100,00	100,00