NEDBANK LIMITED - NWF007 and NWF008 - Voting Results in Respect of Request for Written Consent of Noteholders

NWF007 and NWF008 - Voting Results in Respect of Request for Written Consent of Noteholders

NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE alpha code: BINBK
(“Nedbank”)


NWF007 AND NWF008 - VOTING RESULTS IN RESPECT OF REQUEST FOR WRITTEN CONSENT
OF NOTEHOLDERS


Any capitalised terms not defined in this announcement shall have the meanings ascribed to them in
the section of the Nedbank Limited ZAR30,000,000,000 Structured Note Programme dated 8 February
2019 "Terms and Conditions".

Noteholders are referred to the notice of request for written consent released on SENS on Wednesday,
26 April 2023 (the “Consent Request”), in which the extraordinary written resolutions were proposed
to extend the Expiration Date of each instrument (with instrument codes NWF007 and NWF008) for a
period of 3.5 (three and a half) years from 26 May 2023 to 26 November 2026, including (without
limitation) consequential changes to the Initial Index Level and the Cash Settlement Amount (the
“Amendments”), as set out below:


1.   Extraordinary Written Resolution: NWF007

     THAT the Noteholder or the authorised representative of the relevant Noteholder by its signature,
     hereby consents/does not consent to the Amendments incorporated in the attached Amended
     Applicable Pricing Supplement relating to the relevant Tranche having stock code number
     NWF007 (and consents/does not consent, in addition, to the amended Applicable Terms and
     Conditions of the relevant Tranche).

2.   Extraordinary Written Resolution: NWF008

     THAT the Noteholder or the authorised representative of the relevant Noteholder by its signature,
     hereby consents/does not consent to the Amendments incorporated in the attached Amended
     Applicable Pricing Supplement relating to the relevant Tranche having stock code number
     NWF008 (and consents/does not consent, in addition, to the amended Applicable Terms and
     Conditions of the relevant Tranche).

In this regard, Nedbank confirms that the voting results from the Consent Request in relation to the total
nominal amount of those classes of debt securities that were affected by the amendments are as
follows:
 Bond code          Number of       Percentage    Votes for the           Votes        Votes
                         debt          of debt     resolution*      against the   abstained*
                   securities       securities             (%)      resolution*
                        voted            voted                              (%)          (%)
                                   
                                                                           
                                           (%)
 NWF007                 27 482             55.3            91.2              0            8.8
 NWF008                128 468             79.1            96.9              0            3.1

*Calculated excluding the Noteholders that will be exiting NWF007 and NWF008 on Friday, 26 May
2023.

Following the above voting results, the requisite majority was obtained to give effect to the
Amendments.

26 May 2023
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited


Date: 26-05-2023 04:10:00
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