NEDBANK GROUP LIMITED - Nedbank Group and Nedbank Changes to Board Committees and Notice of Withdrawal of Resolution at the upcoming AGM

Nedbank Group and Nedbank – Changes to Board Committees and Notice of Withdrawal of Resolution at the upcoming AGM

NEDBANK GROUP LIMITED                            NEDBANK LIMITED
(Incorporated in the Republic of South Africa)   (Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06              Registration number: 1951/000009/06
JSE share code: NED                              JSE alpha code: BINBK
NSX share code: NBK                              (Nedbank)
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
(Nedbank Group)
(collectively 'the Group')


NEDBANK GROUP AND NEDBANK – CHANGES TO BOARD COMMITTEES AND NOTICE OF
WITHDRAWAL OF RESOLUTION AT THE UPCOMING AGM


Shareholders are referred to the announcement released on SENS on 29 April 2025 relating to the passing
of Errol Kruger, which necessitates changes to various board committees of the Group, and the withdrawal
of ordinary resolution number 5.3 at the hybrid annual general meeting ("AGM") scheduled to be held on
Friday, 30 May 2025, notice of which was distributed to shareholders on 17 April 2025.

Changes to Board Committees

The appointments below are effective immediately:


(a)     Group Credit Committee (GCC)
        Stanley Subramoney has been appointed as Chair of the GCC.

(b)     Large-exposure Approval Committee (LEAC)
        Stanley Subramoney has been appointed as Chair of the LEAC.

(c)     Group Risk and Capital Management Committee (GRCMC)
        Rob Leith has been appointed as Chair of the GRCMC.
        Hubert Brody has been appointed as a member of the GRCMC.

(d)     Group Directors' Affairs Committee (DAC)
        Shareholders are referred to the announcement released on SENS on 3 April 2025, wherein it was
        advised that Stanley Subramoney would step down as a member of the DAC on 30 May 2025,
        given he steps down as Group Audit Committee (GAC) Chair on that date. As a result of his
        appointment as Chair of the GCC, however, Stanley now remains a member of the DAC.


All Board committees remain duly constituted following the above changes.
Withdrawal of Ordinary Resolution 5.3 in the Notice of AGM

In terms of the notice of AGM, ordinary resolution number 5.3 proposing the election of Mr EM Kruger as
a member of the Nedbank Group Audit Committee is hereby withdrawn.

The withdrawal of resolution 5.3 does not affect the validity of the notice of AGM, the proxy and voting
instructions forms, proxy votes or voting instructions already submitted in respect of the remaining
resolutions to be proposed at the AGM. The numbering of all other proposed resolutions at the AGM
remains unchanged.


Sandton
9 May 2025


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

Sponsor to Nedbank Group in South Africa:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 09-05-2025 02:30:00
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