NEDBANK LIMITED - NBKP - FURTHER ANNOUNCEMENT REGARDING UPDATED ECONOMICS FOR NELN09

NBKP - FURTHER ANNOUNCEMENT REGARDING UPDATED ECONOMICS FOR NELN09

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

FURTHER ANNOUNCEMENT REGARDING UPDATED ECONOMICS FOR NELN09

Noteholders are referred to the announcement released on SENS on 29 April 2026 and are now advised
of the final updated economics that will be applied to NELN09 in respect of noteholders who did not
make the Noteholder Early Redemption Election as set out in the applicable pricing supplement for
NELN09 (NELN09 APS), and remain invested in NELN09.

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

NELN09

The details of the final economics of NELN09 are as follows:

The Cash Settlement Amount will be amended to incorporate Growth Factors which cater for the re-
invested proceeds of the initial 1-year term as follows:

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


"CSA"       means the Cash Settlement Amount;
"GF"        means the Growth Factor being 1.09494473;
"GF2"       means the Growth Factor 2 being 1.1150;
"GF3"       means the Growth Factor 3 being 1.10000;
"CP"        means capital protection amount being 1.00;
"SD"        means the Specified Denomination;
"×"         means multiply by;
"FIL"       means the Final Index Level;
"IIL"       means the Initial Index Level being 103,108.60
"Cap"       means 105% of IIL, being 108,264.03; and
"PF"        means the participation factor of 2.20.

The following salient dates are applicable in terms of the JSE's corporate action timetables in the event
of Noteholder Early Redemption Election:

                                                                                                                           2027
 Expiration Date                                                                                                 Friday, 2 July
 Finalisation announcement before 11:00                                                                        Tuesday, 13 July
 Last day to trade                                                                                             Tuesday, 20 July
 Suspension date                                                                                             Wednesday, 21 July
 Record date                                                                                                    Friday, 23 July
 Cash Settlement Amount Payment Date                                                                            Monday, 26 July
 Termination date                                                                                              Tuesday, 27 July

The updated Applicable Pricing Supplement is available at: Debt Investors | Nedbank

06 July 2026

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

Date: 06-07-2026 04:28:00
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