NEDBANK LIMITED - CANCELLATION OF S505782 Correction announcement: NELN09

CANCELLATION OF S505782 Correction announcement: NELN09

NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE Alpha Code: NBKP

CORRECTION ANNOUNCEMENT: NELN09

Further to the announcement released on SENS on 4 July 2024 relating to the updated economics of
NELN09 and the amended applicable pricing supplement dated 9 July 2024, noteholders are advised that
the Initial Index Level as defined in the APS was incorrectly reflected in the APS due to two numbers having
been transposed in error.

The corrected details of the final economics of NELN09 as at 3 July 2024 are as follows:

Expiration Date:                                                       03 July 2025
Cash Settlement Amount Payment Date:                                   At least 4 (four) Business Days after the Expiration Date
                                                                       (anticipated to be 09 July 2025)

The Cash Settlement Amount will be amended to incorporate a Growth Factor which caters for the re-
invested proceeds of the initial 1-year term as follows:

CSA = GF x SD x [CP + (max((min(FIL,Cap) – IIL) IIL, 0) x PF)]

Where:

"CSA"    means the Cash Settlement Amount;
"GF"     means the Growth Factor of 1.09494473;
"CP"     means capital protection amount being 1.00;
"SD"     means the Specified Denomination;
"×"      means multiply by;
"FIL"    means the Final Index Level;
"IIL"    means the Initial Index Level, being 73,681.78;
"Cap"    means 105% of IIL; and
"PF"     means the participation factor of 2.30.

The updated Applicable Pricing Supplement is available at: Debt investors programme (nedbank.co.za)

4 June 2025

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 04-06-2025 10:53:59
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.