NEDBANK LIMITED - NELN09 - Noteholder Early Redemption Elections

NELN09 - Noteholder Early Redemption Elections

NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE Alpha Code: NBKP

NOTEHOLDER EARLY REDEMPTION ELECTIONS : NELN09

Noteholders are referred to the applicable pricing supplement for NELN09 ("NELN09 APS") issued on 5 July
2023 under the Nedbank ZAR120,000,000,000 Structured Note Programme.

Any capitalised terms not defined in this announcement shall have the meanings ascribed to them in
the NELN09 APS.

NELN09 early redemption election

In terms of the terms and conditions of the NELN09 APS, noteholders are advised of the upcoming
annual Noteholder Early Redemption Election as contained in the NELN09 APS and are reminded that
the duly completed Noteholder Early Redemption Notice is required to be submitted to Nedbank not
less than 30 days (anticipated to be on 3 June 2026) nor more than 60 days before the Early
Redemption Date.

Noteholders are advised that should they have missed the aforementioned deadline, such noteholders
may engage with Nedbank.

Should noteholders not make the Noteholder Early Redemption Election, such noteholders will remain
invested in NELN09 and updated economics will be applied to NELN09. The indicative updated
economics are expected to be as follows:

Expiration Date:                                  05 July 2027
Cash Settlement Amount Payment Date:              At least 10 (ten) Business Days after the Expiration
                                                  Date (anticipated to be 26 July 2027)

The Cash Settlement Amount will be updated with the Growth Factor which caters for the re-invested
proceeds of the preceding 1-year term as follows:

CSA = GF x GF2 x GF3 x SD × [CP+(max((min(FIL, Cap) - IIL)/IIL, 0) × PF)]

Where:

"CSA"    means the Cash Settlement Amount;
"GF"     means the Growth Factor of 1.09494473;;
"GF2"    means the Growth Factor 2 of 1.1150;
"GF3"    means the Growth Factor 3, which is to be confirmed;
"CP"     means capital protection amount being 1.00;
"SD"     means the Specified Denomination;
"×"      means multiply by;
"FIL"    means the Final Index Level , which is to be confirmed;
"IIL"    means the Initial Index Level, which is to be confirmed;;
"Cap"    means 105% of IIL; and
"PF"     means the participation factor, which is to be confirmed.


A corporate actions calendar will be included as follows:

                                                               2027
 Expiration Date                                               Friday, 5 July 2027
 Finalisation Date                                             Wednesday, 13 July 2027
 Last Day to Trade (LDT)                                       Tuesday, 20 July 2027
 Ex-Entitlement Date                                           Wednesday, 21 July 2027
 Record Date                                                   Friday, 23 July 2027
 Payment Date                                                  Monday, 26 July 2027



A further announcement will be released as soon as the updated economics of NELN09 have been calculated
on the current Expiration Date of 3 July 2026

21 April 2026

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

Date: 21-04-2026 08:57:00
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