Results of Nedbank annual general meeting Nedbank Limited (Incorporated in the Republic of South Africa) (Registration No. 1951/000009/06) Share code: NBKP ISIN: ZAE000043667 (“Nedbank” or “the Company”) RESULTS OF NEDBANK ANNUAL GENERAL MEETING Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Nedbank, a wholly- owned subsidiary of Nedbank Group Limited, held at the registered offices of the Company on Tuesday, 8 May 2018 were as follows: Resolution Number of Percentage For** Against** Abstained*** ordinary of ordinary % % % shares shares in voted issue* % Ordinary Resolution 1.1: Election of Mr 27 876 479 100 100 - - HR Brody, who has been appointed as an independent non-executive director since the previous annual general meeting of shareholders Ordinary Resolution 1.2: Election of Ms 27 876 479 100 100 - - NP Dongwana, who has been appointed as an independent non-executive director since the previous annual general meeting of shareholders Ordinary Resolution 1.3: Election of Ms L 27 876 479 100 100 - - Manzini, who has been appointed as an independent non-executive director since the previous annual general meeting of shareholders Ordinary Resolution 2.1 : Re-election as a 27 876 479 100 100 - - director of Dr MA Matooane, who is retiring by rotation Ordinary Resolution 2.2 : Re-election as a 27 876 479 100 100 - - director of Mr V Naidoo, who is retiring by rotation Ordinary Resolution 2.3 : Re-election as a 27 876 479 100 100 - - director of Mr MC Nkuhlu, who is retiring by rotation Ordinary Resolution 3.1 : Reappointment 27 876 479 100 100 - - of Deloitte & Touche as external auditors Ordinary Resolution 3.2: Reappointment 27 876 479 100 100 - - of KPMG Inc as external auditors Ordinary Resolution 4: Placing of 27 876 479 100 100 - - authorised but unissued shares under the control of the directors Advisory endorsement 5.1: On a non- 27 876 479 100 100 - - binding basis of the company’s Remuneration Policy Advisory endorsement 5.2: On a non- 27 876 479 100 100 - - binding basis of the company’s Remuneration Implementation Report Special resolution 1: Remuneration of 27 876 479 100 100 - - non-executive directors Special resolution 2: General authority to 27 876 479 100 100 - - provide financial assistance to related and interrelated companies * Based on 27 876 479 ordinary shares (unlisted) in issue at the date of the AGM. ** In relation to the total number of ordinary shares voted at the AGM. *** In relation to the ordinary shares (unlisted) in issue at the date of the AGM. Based on the above voting results, all resolutions were passed by the requisite majority of Nedbank ordinary shareholders present in person or represented by proxy at the AGM. Johannesburg 9 May 2018 Sponsors Nedbank Corporate and Investment Banking Investec Bank Limited Date: 09/05/2018 12:35:00 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.