NEDBANK GROUP LIMITED - Dealings in securities by director

Dealings in securities by director

NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
JSE alpha code: NEDI
(Nedbank Group)

DEALINGS IN SECURITIES BY DIRECTOR: SHARES RECEIVED PURSUANT TO OLD MUTUAL LIMITED’S
UNBUNDLING OF NEDBANK GROUP ORDINARY SHARES

In terms of paragraphs 3.63 - 3.66 of the Listings Requirements of the JSE Limited, the below
information is disclosed in respect of shares received by a director of Nedbank Group Limited on 8
November 2021.

These Nedbank Group Limited ordinary shares (Nedbank Shares) were received in terms of Old
Mutual Limited’s (Old Mutual) unbundling announcement published on SENS on Wednesday, 23 June
2021 (Unbundling Announcement) regarding the unbundling of all the Nedbank Shares held by Old
Mutual Emerging Markets Proprietary Limited (being 62,131,692 Nedbank shares and comprising
12.2% of the issued ordinary share capital of Nedbank Group as at 25 October 2021) to Old Mutual
shareholders by way of a distribution in specie in terms of section 6(1)(a)(ii) of the Companies Act, No.
71 of 2008 (the Unbundling).

Shareholders are referred to the Unbundling Announcement and the announcements released on
SENS by Old Mutual Limited and Nedbank Group on 26 October 2021 for further information about
the Unbundling.

Details of the Nedbank Shares received by the director are set out below:

         Name:                                       Hubert Brody
         Capacity:                                   Non-executive director
         Date of transaction:                        8 November 2021
         Class of shares:                            Ordinary shares
         Number of shares received:                  181
         Price per ordinary share:                   R171,51 (based on the closing price of Nedbank
                                                     shares at 5 November 2021)
         Total value:                                R31 043,31
         Nature of transaction:                      Receipt of Nedbank Shares as a result of the
                                                     Unbundling
         Nature of trade:                            Off market
         Extent of interest:                         Direct beneficial

The required written clearance for dealing in these shares has been obtained.

Sandton
9 November 2021

Sponsors to Nedbank Group in South Africa:

Merrill Lynch South Africa (Pty) Limited
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd

Date: 09-11-2021 02:03:00
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