NEDBANK GROUP ANNUAL REPORT 2009

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER

	Number of ordinary shares	Ordinary share capital	Ordinary share premium	Share-based payments reserve	Other non-distributable reserves	Distributable reserves	Total ordinary shareholders’ equity
Balance at 31 December 2007	459 278 075	459	14 174	230	41	2 802	17 706
Shares issued in terms of employee incentive schemes	4 809 873	5	535				540
Capitalisation award	4 039 422	4	453				457
Shares acquired/cancelled by BEE trusts			15				15
Shares listed under BEE schemes	812 027	1	299				300
Share-based payments reserve movements				5			5
Total comprehensive income for the year						2 965	2 965
Ordinary dividends						(3 066)	(3 066)
Other movements						4	4
Balance at 31 December 2008	468 939 397	469	15 476	235	41	2 705	18 926
Shares issued in terms of employee incentive schemes	8 848 120	9	825				834
Capitalisation award	7 928 235	8	649				657
Shares acquired/cancelled by BEE trusts			285				285
Shares listed under BEE schemes	99 905		9				9
Share-based payments reserve movements				2			2
Total comprehensive income for the year						2 690	2 690
Ordinary dividends						(2 508)	(2 508)
Buyout of non-controlling interests	12 855 359	13	1 160				1 173
Balance at 31 December 2009	498 671 016	499	18 404	237	41	2 887	22 068