Sustainability report summary

The term ‘sustainability' means a number of things to Nedbank Group, among them financial prosperity and stability for our investors and employees, integrating social and environmental responsibility for our local communities and the countries in which we operate, and remaining relevant and accessible to our clients. Sustainability has become a key part of Nedbank Group's culture and the group is committed to being highly involved in the community and environment. Using these understandings as a basis, significant progress has been made during 2005 in repositioning Nedbank as a bank for all southern Africans, and in integrating sustainability considerations into the way that the group operates.

Sustainability, good governance, transparency and comprehensive reporting are integral to building the group's credibility among its stakeholders. This progress was recognised when the Nedbank Group 2004 Sustainability Report was awarded second place in the Ernst & Young Excellence in Sustainability Reporting Awards. A further gratifying achievement was the award for Emerging Markets Corporate Social Responsibility Bank of the Year at The Banker Awards in London.

A full sustainability report has again been produced, together with this report. Should you not have received a copy of the report and would like one, copies are available from either:

Justin Smith: +27 (0)11 294 0238/ JustinS@nedbank.co.za; or

Investor Relations: +27 (0)11 295 6549/ nedbankgroupir@nedbank.co.za.

The report covers the following broad issues and stakeholder groups:

• Nedbank Group, its highlights, challenges and key risks
• Enterprise governance and compliance
• Shareholders
• Clients
• Employee matters
• The Financial Sector Charter and black economic empowerment
• Corporate social investment
• The environment
• The Green, Sports, Arts & Culture Trusts and Nelson Mandela Children's Fund
• Sustainability in our African and international operations