BOARD OF DIRECTORS

AT 1 JANUARY 2009

Dr Reuel Jethro Khoza Dr Reuel Jethro Khoza (59)
Non-executive Chairman
(appointed August 2005)
Qualifications:
BA(Hons) Psychology (UNIN),
MA Marketing Management
(Lancaster, UK), EngD (Warwick, UK),
IPBM – IMD (Lausanne,
Switzerland), PMD (Harvard
Business School, USA), LLD (hc).
Nationality:
South African.
 Reuel Khoza is Chairman of Aka Capital, Corobrik (Pty) Limited, Nepad Business Foundation and Murray & Roberts Cementation (Pty) Limited. He is 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.

Nedbank Group Board committees:
Nedbank Group Directors’Affairs Committee (Chairman).

Nedbank Group ordinary shares:
1 031 beneficial indirect and 1 031 non-beneficial indirect.

Nedbank Limited preference shares:
0.
Christopher John Watkins Ball Christopher John Watkins Ball (69)
Senior Independent Non-executive Director
(appointed November 2002)
Qualifications:
Dip Iuris, MA
Nationality:
South African. 		Chris Ball was previously a non-executive director of BoE Limited and five of its subsidiary companies, including Century City Limited. He is currently a non-executive director of Mutual & Federal Insurance Company Limited and Imperial Bank Limited.

Nedbank Group Board committees:
Group Finance and Oversight Committee (Chairman), Group Audit Committee (Chairman), Group Remuneration Committee, Group Credit Committee, Nedbank Group Directors’Affairs Committee, Nedbank Group Risk and Capital Management Committee, Group Transformation and Sustainability Committee and Board Strategic and Innovation Management Committee.

Nedbank Group ordinary shares:
10 000 beneficial direct.

Nedbank Limited preference shares:
144 300 beneficial direct.
Thomas Andrew Boardman Thomas Andrew Boardman (59)
Chief Executive (appointed November 2002 as director and December 2003 as Chief Executive).
Qualifications:
BCom, CA (SA).
Nationality:
South African. 		Tom Boardman is Chief Executive of Nedbank Group and Nedbank Limited. He was formerly the Chief Executive and an executive director of BoE. Past directorships include Boardmans and Sam Newman Limited as well as BoE International Holdings Limited and Northwind Investments (Pty) Limited. He is a non-executive director of Mutual & Federal Insurance Company Limited and the Banking Association.

Nedbank Group Board committees:
Group Credit Committee (member for purposes of the approval of large exposures only).

Nedbank Group ordinary shares:
98 936 beneficial direct and 60 167 beneficial indirect.

Nedbank Limited preference shares:
85 000 non-beneficial indirect.
Michael William Thomas Brown Michael William Thomas Brown (42)
Chief Financial Officer (appointed June 2004).
Qualifications:
BCom, Dip Acc, CA (SA).
Nationality:
South African.		 Mike Brown is the Chief Financial Officer of Nedbank Group and Nedbank Limited. He was an executive director of BoE, and after the merger between Nedbank Group, BoE, Nedcor Investment Bank and Cape of Good Hope Bank he was appointed as Head of Property Finance at Nedbank Limited.

Nedbank Group Board committees:
Group Credit Committee (member for purposes of the approval of large exposures only).

Nedbank Group ordinary shares:
39 522 beneficial indirect and 49 940 beneficial direct.

Nedbank Limited preference shares:
0.
Thenjiwe Claudia Pamela Chikane Thenjiwe Claudia Pamela Chikane (43)
Independent Non-executive Director (appointed November 2006).
Qualifications:
CA (SA).
Nationality:
South African. 		Thenjiwe Chikane is a chartered accountant by profession practising as a consultant. She was previously the Chief Executive Officer of MGO Consulting and the Head of the Gauteng Department of Finance and Economic Affairs. She was also a non-executive director of the Development Bank of Southern Africa,Telkom, Datacentrix, PetroSA and Chairperson of the State Information Technology Agency.

Nedbank Group Board committees:
Group Audit Committee, Board Strategic Innovation Management Committee and Group Transformation and Sustainability Committee.

Nedbank Group ordinary shares:
86 912 beneficial indirect.

Nedbank Limited preference shares:
0.
Mustaq Ahmed Enus-Brey Mustaq Ahmed Enus-Brey (54) Non-executive Director (appointed August 2005). Qualifications: BCompt(Hons), CA (SA). Nationality:
South African.		 Mustaq Enus-Brey is a director of Brimstone Investment Corporation Limited and Oceana Group Limited.

Nedbank Group Board committees:
Nedbank Group Risk and Capital Management Committee (Chairman), Nedbank Group Directors’Affairs Committee, Group Credit Committee and Group Finance and Oversight Committee.

Nedbank Group ordinary shares:
1 650 beneficial indirect and 546 non-beneficial indirect.

Nedbank Limited preference shares:
0.
Prof Brian De Lacy Figaji Prof Brian De Lacy Figaji (64)
Independent Non-executive Director
(appointed November 2002).
Qualifications:
BSc(Eng), Dip Tertiary Edu Med,
DEd (Coventry, UK), DLitt (hc)
(California State, USA).
Nationality:
South African.		 Prof Brian De Lacy Figaji (64)
Brian Figaji 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 PetroSA, Cape Lime (Pty) Limited,ASSET (Educational Trust) (Trustee) and the Development Bank of Southern Africa.

Nedbank Group Board committees:
Group Credit Committee, Group Remuneration Committee, Group Transformation and Sustainability Committee.

Nedbank Group ordinary shares:
114 579 beneficial indirect and 2 296 non-beneficial indirect.

Nedbank Limited preference shares:
0.
Rosemary Harris Rosemary Harris (50)
Non-executive Director
(appointed December 2007).
Qualifications:
BA(Hons), ACA.
Nationality:
British.		 Rosemary Harris is a chartered accountant by profession and joined Old Mutual in April 2007 after a 21-year career at Prudential plc. During this time she held several senior positions, including Customer Service Director and Risk Management Director, and was most recently Chief Operating Officer for Prudential UK and Europe.

Nedbank Group Board committees:
Nedbank Group Risk and Capital Management Committee.

Nedbank Group ordinary shares:
0.

Nedbank Limited preference shares:
0.
Robert Michael Head Robert Michael Head (50)
Non-executive Director
(appointed January 2005).
Qualifications:
MA (Oxon), ACA, ACII, FCIB.
Nationality:
British.		 Bob Head is a former non-executive director of Mutual & Federal Insurance Company Limited and Old Mutual Life Assurance Company (SA) Limited. He is now in charge of the Skandia businesses in Europe and Latin America. He joined Old Mutual plc in February 2003. Prior to that he was Chief Executive of smile.co.uk, Finance Director of egg.com (both UK internet banks) and held various directorships.

Nedbank Group Board committees:
Nedbank Group Remuneration Committee, Nedbank Group Risk and Capital Management Committee and Group Finance and Oversight Committee.

Nedbank Group ordinary shares:
0.

Nedbank Limited preference shares:
0.
Prof Michael Mervyn Katz

Prof Michael Mervyn Katz (64)*
Independent Non-executive Vice-chairman (appointed November 1997 as Director and November 2002 as Non-executive Vice-chairman).
Qualifications:
BCom, LLB, LLM (Harvard Law School, USA), LLD (hc).
Nationality:
South African.

Michael Katz is non-executive Vice-chairman of Nedbank Group, Nedbank Limited and Chairman of Edward Nathan Sonnenbergs Inc. He was Chairman of the Commission of Inquiry into the Tax System of South Africa and Tax Advisory Committee. He is an honorary professor of Company Law at the University of the Witwatersrand. He is also a non-executive director of Nampak Limited and a member of the Securities Regulatory Panel.

Nedbank Group Board committees:
Group Credit Committee (Chairman), Nedbank Group Directors’Affairs Committee, Board Strategic Innovation Management Committee, Group Transformation and Sustainability Committee and Group Finance and Oversight Committee.

Nedbank Group ordinary shares:
4 826 beneficial indirect.

Nedbank Limited preference shares:
165 000 beneficial direct and 105 000 non-beneficial indirect.
* Reclassified as an independent non-executive director with effect from 20 February 2009.

 
Alan De Villiers Charles Knott-Craig

Alan De Villiers Charles Knott-Craig (56)
Independent Non-executive Director (appointed January 2009).
Qualifications:
BSc(Eng)(Elec), Master of Business Leadership, Doctor of Business Leadership (hc).
Nationality:
South African.

Alan Knott-Craig served as Managing Director of cellphone network operator 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 and a member of the Board of the Council for Scientific and Industrial Research.

Nedbank Group Board committees:
Board Strategic Innovation Management Committee (effective 20 February 2009)

Nedbank Group ordinary shares:
0.

Nedbank Limited preference shares:
0.
Johannes Bhekumuzi Magwaza Johannes Bhekumuzi Magwaza (66)
Independent Non-executive Director (appointed October 1996).
Qualifications:
BA, MA (Warwick, UK).
Nationality:
South African. 		JB Magwaza is Chairman of Mutual & Federal Insurance Company Limited and South Ocean Holdings Limited. He is also a non-executive director of Dorbyl Limited, Rainbow Chicken Limited, Kap International Limited, Hulamin Limited and Tongaat Hulett Limited.

Nedbank Group Board committees:
Group Remuneration Committee (Chairman), Group Audit Committee, Nedbank Group Directors’Affairs Committee, Group Transformation and Sustainability Committee.

Nedbank Group ordinary shares:
160 beneficial direct, 114 529 beneficial indirect and 549 non-beneficial indirect.

Nedbank Limited preference shares:
0.
Mafika Edmund Mkwanazi Mafika Edmund Mkwanazi (55)
Independent Non-executive Director
(appointed April 1999).
Qualifications:
BSc(Maths), BSc(Eng)(Elec).
Nationality:
South African.		 Mafika Mkwanazi was previously Group Chief Executive of Transnet Limited. He is currently Chairman of Hulamin Limited. He is also a director of Stefanutti and Stocks Holdings Limited, MSC Logistics Limited, MSC Depots Limited and Saatchi and Saatchi.

Nedbank Group Board committees:
Board Strategic Innovation Management Committee (Chairman), Nedbank Group Directors’Affairs Committee, Group Finance and Oversight Committee, Nedbank Group Risk and Capital Management Committee.

Nedbank Group ordinary shares:
1 768 beneficial direct, 114 579 beneficial indirect and 1 148 non-beneficial indirect.

Nedbank Limited preference shares:
0.
Nomavuso Patience Mnxasana Nomavuso Patience Mnxasana (52)
Independent Non-executive Director
(appointed October 2008).
Qualifications:
BCompt(Hons), CA (SA).
Nationality:
South African.		 Nomavuso Mnxasana is a director at Imperial Bank Limited and Land Bank Limited.A chartered accountant by profession, she was a senior partner and member of the executive committee of SizweNtsaluba. She then served as group audit and risk executive at Imperial Holdings Limited.

Nedbank Group Board committees:
Nedbank Group Audit Committee.

Nedbank Group ordinary shares:
0.

Nedbank Limited preference shares:
0.
Maduke Lot Ndlovu Maduke Lot Ndlovu (57)*
Independent Non-executive Vice-chairman (appointed May 1993 as Non-executive Director, November 1994 as Executive Director and May 2004 as Non-executive Vice-chairman).
Qualifications:
Dip LR, MAP, EDP (North Western, USA),AMP (Harvard Business School, USA). Holds honorary doctorate from Pretoria Technikon (now Tshwane Institute of Technology).
Nationality:
South African.		 Lot Ndlovu is non-executive Vice-chairman of the Nedbank Group andNedbank Limited. Previously he was CEO of Peoples Bank. He is Chairman of NestLife Assurance Corporation Limited, The South African National Roads Agency Limited, Nakatomi Corporation Limited, Community Growth Management Company Limited, Crystal View Consulting Limited, St Anthony’s Education Centre, Jomba Investments Limited,True Class Consortium and November Ten Charities. He is a director of Mutual & Federal Insurance Company Limited, Nampak Limited, Cross ContinentsInvestments Limited, Saxon Road Nominees Limited, Sani Pass Management Company Limited, Sani Pass Development Company Limited and Sec-Itech Limited. He is also a member of the Independent Commission for the Remuneration of Public Office Bearers, the Business Trust on Job Creation and Hope in Victory (a care-giving organisation for HIV patients). Lot is a doyen of the black empowerment movement in South Africa. He was President of both the Black Management Forum (BMF) and the Black Business Council.The Black Economic Empowerment Commission was initiated by the BMF under his presidency.

Nedbank Group Board committees:
Group Credit Committee, Nedbank Group Risk and Capital Management Committee, Nedbank Group Directors’Affairs Committee, Chairman of the Group Transformation and Sustainability Committee.

Nedbank Group ordinary shares:
246 769 beneficial indirect.

Nedbank Limited preference shares:
0.
* Reclassified as an independent non-executive director with effect from 20 February 2009.
Gloria Tomatoe Serobe Gloria Tomatoe Serobe (49)
Non-executive Director (appointed August 2005).
Qualifications:
BCom (Unitra), MBA (Rutgers,USA).
Nationality:
South African.		 Gloria Serobe is the Chief Executive of Wipcapital Limited and also founder and executive director of Wiphold Limited. She was previously the Executive Director: Finance at Transnet. Gloria serves on several boards, including that of JSE Limited and sits on the Financial Sector Charter Council. She is also a non-executive director of Old Mutual Life Assurance Company (SA) Limited

Nedbank Group Board committees:
Nil.

Nedbank Group ordinary shares:
972 beneficial indirect and 2 458 non-beneficial indirect.

Nedbank Limited preference shares:
0.