LETTER FROM THE CHAIRMAN

Dear Member

I extend a warm invitation to you to attend the 43rd annual general meeting of Nedbank Group Limited to be held in the Auditorium, Retail Place West, Nedbank Sandton, 135 Rivonia Road, Sandown, on Tuesday, 4 May 2010, at 09:00.

Included in this document are the following:

• the notice of annual general meeting setting out the resolutions to be proposed at the annual general meeting;
  
• annexure 1 to the notice of annual general meeting setting out explanatory notes regarding proxies and resolutions for the annual general meeting, as well as important notes about the annual general meeting; and
  
• a form of proxy.

If you are unable to attend, you will be able to exercise your right as a member to take part in the annual general meeting by following the accompanying explanatory notes.

May I kindly remind members of their right to raise questions, at the appropriate time, at the annual general meeting. As it is not always possible to answer every question raised at the annual general meeting, and to ensure that matters of particular interest to members are covered, members may use the attached question form to raise, in advance, any questions of particular interest to them. From the question forms returned we can assess the most popular topics, which I shall endeavour to address at the annual general meeting. This advance notice of relevant questions will, of course, not prevent any member from raising questions, at the appropriate time, during the annual general meeting.

The question form can be:

• forwarded to the Company Secretary, Gawie Nienaber, Ground Floor, Block A, Nedbank Sandton, 135 Rivonia Road, Sandown, 2196 (PO Box 1144, Johannesburg, 2000), to be received no later than 09:00 on Monday, 3 May 2010; or
  
• handed in at the time of registering attendance at the annual general meeting, should the above options not have been chosen.

Should you require an interpreter (for sign language or a translator from English to any of the other official languages of South Africa) to be in attendance at the annual general meeting, please do not hesitate to advise the Company Secretary’s office on +27 (0)11 294 9105/6/7, or at gawien@nedbank.co.za no later than Monday, 26 April 2010, in order for this facility to be arranged.

Yours faithfully

Dr RJ Khoza
Chairman

Sandown
24 February 2010

Headoffice

135 Rivonia Road, Sandown, 2196
PO Box 1144, Johannesburg, 2000, South Africa
Tel: +27 (0)11 294 4444 Fax +27 (0)11 295 1111 www.nedbankgroup.co.za

Nedbank Group Limited Reg No 1966/010630/06

Directors: Dr RJ Khoza (Chairman)    TA Boardman (Chief Executive)    CJW Ball   MWT Brown (Chief Executive Designate)   TCP Chikane   GW Dempster (Chief Operating Officer)    MA Enus-Brey    Prof B de L Figaji    DI Hope*    A de VC Knott-Craig   WE Lucas-Bull    NP Mnxasana    PJ Moleketi    RK Morathi (Chief Financial Officer)    JVF Roberts†    GT Serobe    MI Wyman†    (†British)    (*New Zealand)

Company Secretary: GS Nienaber