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Results of Annual General Meeting
NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
("Nedbank Group" or "the Group" or the "company")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that the voting results for the annual general meeting ("AGM") of Nedbank Group, held as a
hybrid meeting on Friday, 29 May 2026 were as follows:
Resolution Number of Percentage of For** Against** Abstained
ordinary ordinary % % ***
shares voted shares in
%
issue*
%
Ordinary Resolution 1.1:
Election of Ms Mary
Bomela 343 889 131 72.05 99.99 0.01 0.02
Ordinary Resolution 1.2:
Election of Ms Natasha
Davydova 343 889 131 72.05 99.99 0.01 0.02
Ordinary Resolution 1.3:
Election of Mr Oliver
Fortuin 343 889 131 72.05 99.99 0.01 0.02
Ordinary Resolution 1.4:
Election of Mr Fleetwood
Grobler 343 889 131 72.05 99.73 0.27 0.02
Ordinary Resolution 1.5:
Election of Mr Dixit Joshi 343 889 131 72.05 99.98 0.02 0.01
Ordinary Resolution 1.6:
Election of Mr George
Njenga 343 889 131 72.05 99.99 0.01 0.02
Ordinary Resolution 1.7:
Election of Mr Sanat Rao 343 889 131 72.05 99.99 0.01 0.02
Ordinary Resolution 1.8:
Election of Mr Peter
Wharton-Hood 343 889 131 72.05 98.61 1.39 0.02
Ordinary Resolution 2.1:
Re-election of Mr Mike
Davis, who is retiring by
rotation, as a director 343 889 131 72.05 99.76 0.24 0.03
Ordinary Resolution 2.2:
Re-election of Ms Linda
Makalima, who is retiring
by rotation, as a director 343 889 131 72.05 98.50 1.50 0.01
Ordinary Resolution 2.3:
Re-election of Mr Daniel
Mminele, who is retiring
by rotation, as a director 343 889 131 72.05 97.81 2.19 0.01
Ordinary Resolution 3.1:
Reappointment of Ernst &
Young as external auditor 343 889 131 72.05 99.55 0.45 0.10
Ordinary Resolution 3.2:
Reappointment of KPMG
Inc as external auditor 343 889 131 72.05 99.55 0.45 0.11
Ordinary Resolution 4.1:
Election of Ms L Makalima
as a member of the Group
Transformation, Social
and Ethics Committee 343 889 131 72.05 98.61 1.39 0.01
Ordinary Resolution 4.2:
Election of Ms MS
Bomela as a member of
the Group
Transformation, Social
and Ethics Committee 343 889 131 72.05 99.99 0.01 0.01
Ordinary Resolution 4.3:
Election of Dr MA
Hermanus a member of
the Group
Transformation, Social
and Ethics Committee 343 889 131 72.05 99.98 0.02 0.02
Ordinary Resolution 4.4:
Election of Mr JP Quinn
as a member of the Group
Transformation, Social
and Ethics Committee 343 889 131 72.05 99.72 0.28 0.01
Ordinary Resolution 4.5:
Election of Mr S
Subramoney as a
member of the Group
Transformation, Social
and Ethics Committee 343 232 009 71.92 79.53 20.47 0.02
Ordinary Resolution 5.1:
Election of Mrs NP
Dongwana as a member
of the Group Audit
Committee 343 232 009 71.92 98.37 1.63 0.01
Ordinary Resolution 5.2:
Election of Ms MS
Bomela as a member of
the Group Audit
Committee 343 232 009 71.92 99.99 0.01 0.01
Ordinary Resolution 5.3:
Election of Ms P Langeni
as a member of the Group
Audit Committee 343 232 009 71.92 97.80 2.20 0.01
Ordinary Resolution 5.4:
Election of Dr TM
Nombembe as a member
of the Group Audit
Committee 343 232 009 71.92 99.98 0.02 0.01
Ordinary Resolution 6:
General authority to
repurchase ordinary
shares 343 232 009 71.92 99.97 0.03 1.37
Advisory Endorsement
7.1: Advisory
endorsement on a non-
binding basis of the
Nedbank Group
Remuneration Policy 343 232 009 71.92 92.60 7.40 0.16
Advisory Endorsement
7.2: Advisory
endorsement on a non-
binding basis of the
Nedbank Group
Remuneration
Implementation Report 343 232 009 71.92 92.55 7.45 0.17
Special Resolution 1.1:
Remuneration of the non-
executive directors: Group
Chairperson (all-inclusive
fee) 343 232 009 71.92 99.91 0.09 0.01
Special Resolution 1.2:
Remuneration of the non-
executive directors: Lead
Independent Director
(additional 42.7%)
1.2.1 SA resident 343 232 009 71.92 99.82 0.18 0.15
1.2.2 Non-resident 343 232 009 71.92 99.76 0.24 0.16
Special Resolution 1.3:
Remuneration of the non-
executive directors:
Nedbank Group board
member
1.3.1 SA resident 343 232 009 71.92 99.78 0.22 0.15
1.3.2 Non-resident 343 232 009 71.92 99.75 0.25 0.15
Special Resolution 1.4:
Committee members'
fees: Group Audit
Committee
1.4.1 SA resident 343 232 009 71.92 99.97 0.03 0.01
1.4.2 Non-resident 343 232 009 71.92 99.94 0.06 0.02
Special Resolution 1.5:
Committee members'
fees: Group Credit
Committee
1.5.1 SA resident 343 232 009 71.92 99.97 0.03 0.01
1.5.2 Non-resident 343 232 009 71.92 99.94 0.06 0.02
Special Resolution 1.6:
Committee members'
fees: Group Directors'
Affairs Committee
1.6.1 SA resident 343 232 009 71.92 99.97 0.03 0.01
1.6.2 Non-resident 343 232 009 71.92 99.94 0.06 0.02
Special Resolution 1.7:
Committee members'
fees: Group Information
Technology Committee
1.7.1 SA resident 343 232 009 71.92 99.96 0.04 0.01
1.7.2 Non-resident 343 232 009 71.92 99.96 0.04 0.02
Special Resolution 1.8:
Committee members'
fees: Group Model Risk
Oversight Committee
1.8.1 SA resident 343 232 009 71.92 99.96 0.04 0.01
1.8.2 Non-resident 343 232 009 71.92 99.96 0.04 0.02
Special Resolution 1.9:
Committee members'
fees: Group
Remuneration Committee
1.9.1 SA resident 343 232 009 71.92 99.97 0.03 0.01
1.9.2 Non-resident 343 232 009 71.92 99.96 0.04 0.02
Special Resolution 1.10:
Committee members'
fees: Group Risk and
Capital Management
Committee
1.10.1 SA resident 343 232 009 71.92 99.96 0.04 0.01
1.10.2 Non-resident 343 232 009 71.92 99.95 0.05 0.02
Special Resolution 1.11:
Committee members'
fees: Group
Transformation, Social
and Ethics Committee
1.11.1 SA resident 343 232 009 71.92 99.97 0.03 0.01
1.11.2 Non-resident 343 232 009 71.92 99.94 0.06 0.02
Special Resolution 1.12:
Committee members'
fees: Group Sustainability
and Climate Resilience
Committee
1.12.1 SA resident 343 232 009 71.92 99.97 0.03 0.01
1.12.2 Non-resident 343 232 009 71.92 99.95 0.05 0.02
Special Resolution 1.13:
Committee members'
fees: Ad hoc meeting fee
1.13.1 SA resident 343 232 009 71.92 99.89 0.11 0.01
1.13.2 Non-resident 343 232 009 71.92 99.93 0.07 0.02
Special Resolution 1.14:
Remuneration of non-
executive director
appointed as Acting
Group Chairperson
1.14.1 SA resident 343 232 009 71.92 99.97 0.03 0.01
1.14.2 Non-resident 343 232 009 71.92 99.91 0.09 0.02
Special Resolution 1.15:
Remuneration of non-
executive director
appointed as Acting Lead
Independent Director
1.15.1 SA resident 343 232 009 71.92 99.96 0.04 0.01
1.15.2 Non-resident 343 232 009 71.92 99.92 0.08 0.02
Special Resolution 1.16:
Remuneration of non-
executive director
appointed as Acting
Board Committee
Chairperson
1.16.1 SA resident 343 232 009 71.92 99.96 0.04 0.01
1.16.2 Non-resident 343 232 009 71.92 99.93 0.07 0.02
Special Resolution 2:
General authority to
provide financial
assistance to related and
interrelated companies 343 232 009 71.92 99.98 0.02 0.01
* Based on 477 272 628 shares in issue at the date of the AGM.
** In relation to the total number of shares voted at the AGM.
*** In relation to the total number of shares in issue at the date of the AGM.
Based on the above voting results, all resolutions were passed by the requisite majority of Nedbank Group shareholders
present or represented by proxy at the AGM.
Johannesburg
29 May 2026
Sponsor to Nedbank Group in Namibia
Old Mutual Investment Services (Namibia) (Pty) Ltd
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 29-05-2026 05:00:00
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