Issue of Series 8 of the equity linked notes – NBELN8 NEDBANK LIMITED SHARE CODE: NBELN8 ISIN: ZAE000260758 ISSUE OF SERIES 8 OF THE EQUITY LINKED NOTES – NBELN8 Issuer: Nedbank Limited ISIN Number: ZAE000260758 Alpha Code: NBELN8 Issue Price per Equity Linked Note: ZAR 5,000.00 Issue Date: 31 July 2018 Maturity Date: 30 July 2030 Participation Factor: 235% Specified Cap Applicable: 15% Index by reference to which the Return is to be determined: FTSE/JSE Capped SWIX 40 Index Initial Index Level: 17,678.09 (the level of the Index at the close of business on 27 July 2018, as published by the JSE) Final Index Level: Average Index Level Final Index Determination Date: 6 August 2021 Index Determination Dates: 7 June 2021; 6 July 2021 and 6 August 2021 (Final Index Determination Date) The JSE Limited (“JSE”) has approved the listing of the abovementioned Equity Linked Notes and trading will commence on 31 July 2018. All members of the JSE may participate in trading, which will occur according to normal JSE Rules. Any capitalised terms referred to herein, and not defined, shall bear the meanings ascribed thereto in the Equity Linked Note issue documentation. Copies of the offering circular may be obtained from: Nedbank Limited 135 Rivonia Road, Sandown, Sandton 2146 Copies of the Programme Memorandum, Equity Linked Note Supplement and Related Supplement may be obtained from: www.nedbank.co.za Place and Date of Incorporation of the Issuer: Nedbank Limited (incorporated with limited liability under Registration Number 1951/000009/06 in the Republic of South Africa) For further information kindly contact: Nedbank Equities Tel.: 011 537 4013, E-mail: anastasiah@nedbank.co.za Date: 30 July 2018 Sponsor: Nedbank Limited, Member of the JSE, Registration Number: 1951/000009/06 Date: 30/07/2018 05:50:00 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.