NEDBANK GROUP LIMITED - Nedbank Group and Nedbank Limited Change to the Boards of Directors

Nedbank Group and Nedbank Limited – Change to the Boards of Directors

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 No. 1951/000009/06
JSE share code: NED                                   JSE alpha code: BINBK
NSX share code: NBK
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
(Nedbank Group or Group)

NEDBANK GROUP AND NEDBANK LIMITED – CHANGE TO THE BOARDS OF DIRECTORS

In line with the Group's ongoing board continuity planning, the boards of Nedbank Group and Nedbank
Limited (the Boards) are pleased to announce that Mr Fleetwood Grobler has been appointed as an
independent non-executive director and member of the Nedbank Group Sustainability and Climate
Resilience Committee with effect from 1 November 2025. The appointment has been made in terms of
the Group's policy on the nomination and appointment of directors.

Mr Grobler (B.Eng. Mechanical) is a seasoned, global executive with 41 years of experience in the
petrochemical industry and has demonstratable expertise in multinational leadership, business
transformation, and energy transition. He is the former President and Chief Executive Officer of Sasol
Limited and before that held several senior leadership roles at Sasol.

Fleetwood has held several influential industry leadership roles, including serving as the founding
Chairperson of the Energy Council of South Africa and contributed to national energy planning as a
business leader on the NECOM Energy Security Workstream under the Presidency and B4SA. He also
served on the Steering Committee of the UN Global Compact's African Business Leaders Coalition.

Daniel Mminele, Chairperson of Nedbank Group, welcomes Mr Grobler to the Boards and said that:
'Fleetwood brings a rare blend of technical expertise, strategic foresight and a global perspective.'

Sandton
20 October 2025

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

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

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

Date: 20-10-2025 01:45:00
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