NEDBANK LIMITED - Domestic medium term note programme: increase in authorised amount

Domestic medium term note programme: increase in authorised amount

Nedbank Limited
Reg No 1951/000009/06
Incorporated in the Republic of South Africa


NEDBANK LIMITED (‘Nedbank’) ZAR50,000,000,000 DOMESTIC MEDIUM
TERM NOTE PROGRAMME: NOTICE TO NOTEHOLDERS – INCREASE IN THE
PROGRAMME AMOUNT


Reference is made to Nedbank’s ZAR50,000,000,000 Domestic Medium
Term Note Programme ("Programme") under which Nedbank may, from
time to time, issue subordinated or unsubordinated notes
("Notes") pursuant to the consolidated Programme Memorandum,
dated 24 May 2010, as amended and/or supplemented from time to
time ("Programme Memorandum").


On 23 October 2015, Nedbank’s Board of Directors resolved that
the maximum aggregate Outstanding Principal Amount of all the
Notes that may be issued under the Programme at any one point in
time ("Programme Amount") be increased from ZAR50,000,000,000 to
ZAR75,000,000,000.


Noteholders are hereby notified that the Programme Amount
increases to ZAR75,000,000,000 from ZAR50,000,000,000 with effect
from the date of this Notice.


All references in the Programme Memorandum (and each agreement,
deed or document relating to the Programme and/or the Programme
Memorandum) to the Programme Amount will be deemed to be
references to the increased Programme Amount set out in this
Notice.
                            2

For: Nedbank Limited
Sandton
Date 1 December 2015


Debt Sponsor: Nedbank CIB

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