Resignation of executive committee member 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 (“Nedbank Group” or “the Group”) NEDBANK LIMITED (Incorporated in the Republic of South Africa) Registration number: 1951/000009/06 JSE share code: NBKP ISIN: ZAE000043667 (“Nedbank”) RESIGNATION OF EXECUTIVE COMMITTEE MEMBER Nedbank Group regrets to announce the resignation of Mr Thulani Sibeko as Group Executive: Group Marketing, Communications and Corporate Affairs with effect from 27 June 2017 to pursue another career opportunity. Mr Sibeko reported to Mr Mfundo Nkuhlu, the Chief Operating Officer, who in addition to his current responsibilities will oversee this role until a permanent replacement is announced. Chief Executive, Mike Brown commented: ‘We thank Thulani for his valuable contribution in shaping the marketing and communication strategy for Nedbank, and repositioning the brand in the market. He was a respected member of the bank’s leadership team and we wish him well in his future endeavours.’ Sandton 27 June 2017 Sponsors to Nedbank Group in South Africa: Merrill Lynch South Africa (Pty) Limited Nedbank CIB Sponsor to Nedbank Group in Namibia: Old Mutual Investment Services (Namibia) (Pty) Ltd Sponsors to Nedbank Limited: Investec Bank Limited Nedbank Corporate and Investment Banking Date: 27/06/2017 01:51:00 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.