NEDBANK GROUP LIMITED - Nedbank Group and Nedbank Changes to the Boards and Board Committees

Nedbank Group and Nedbank – Changes to the Boards and Board Committees

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 number: 1951/000009/06
JSE share code: NED                               JSE alpha code: BINBK
NSX share code: NBK                               (Nedbank)
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
(Nedbank Group)
(collectively 'the Group')


NEDBANK GROUP AND NEDBANK – CHANGES TO THE BOARDS AND BOARD COMMITTEES


Shareholders are referred to the announcement released on SENS on 6 March 2023, advising
shareholders that following Brian Dames' conclusion of his nine-year term, his tenure as a director of the
Group Boards had been extended for an initial period of one year given the need for continuity on the
Group Climate Resilience Committee (which will be renamed the Group Sustainability and Climate
Resilience Committee (GSCRC) with effect from 1 April 2024 ) while the search for additional directors with
climate risk expertise was underway. Shareholders are hereby advised that the Group Boards have
resolved to extend Mr Dames' tenure for a further one year whilst the succession process for the GSCRC
is being finalised.

Shareholders are further advised that:

-       Rob Leith will continue to be a member of the Group Remuneration Committee (Group Remco).
        Shareholders were previously advised that Mr Leith would resign from Group Remco on 31 March
        2024 – Mr Leith had initially requested to step down as a member of Group Remco to ensure he
        had adequate capacity when assuming the role of the Chair of the Group IT Committee which he
        did from 30 October 2023. He has subsequently confirmed that he does have sufficient available
        capacity and as such will remain a member of Group Remco; and

-       In addition to his current role as a member of the Group Audit Committee, Terence Nombembe
        has been appointed as a member of the Group Risk and Capital Management Committee with
        effect from 1 April 2024.


Sandton
2 April 2024

Sponsors 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 in South Africa:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 02-04-2024 04:30:00
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