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NEDBANK GROUP LIMITED - Nedbank Group and Deutsche Bank to cooperate on equity and debt capital markets in South Africa & sub-Saharan Africa

Release Date: 06/10/2017 08:00
Code(s): NED NBKP     PDF:  
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Nedbank Group and Deutsche Bank to cooperate on equity and debt capital markets in South Africa & sub-Saharan Africa

Nedbank Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
ISIN: ZAE000004875
(“Nedbank Group”)

Nedbank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1951/000009/06)
Share code: NBKP ISIN: ZAE000043667
(“Nedbank Limited”)

VOLUNTARY SENS ANNOUNCEMENT - NEDBANK GROUP AND DEUTSCHE BANK TO
COOPERATE ON EQUITY AND DEBT CAPITAL MARKETS ACTIVITIES IN SOUTH AFRICA AND
SUB-SAHARAN AFRICA

Nedbank Group through its Corporate and Investment Banking operation (“Nedbank CIB”) and Deutsche
Bank, through Deutsche Securities (SA) Pty Limited (“Deutsche Bank”) have entered into a cooperation
to jointly provide primary equity and debt capital markets services to corporate, public sector and
institutional clients in South Africa and select markets in sub-Saharan Africa.

The two institutions will cooperate on a transaction-by-transaction basis, with clients continuing to
contract directly with each entity individually. The two parties will not be creating a legal entity or other
joint venture structure. There is no impact on existing advisory and financing businesses, which remain
separate.

The scope of the cooperation will include the following services:
-   Primary equity capital markets activities, including the management of initial public offerings, rights
    offers and placements;
-   Primary equity-linked capital markets activities, including the management of convertible and
    exchangeable bond offerings; and
-   International debt capital markets activities, including investment-grade and sub-investment-grade
    Eurobond offerings.

The key highlights of the cooperation are as follows:
-   Preferred partners in managing capital markets services in South Africa and select markets in sub-
    Saharan Africa;
-   Combines Nedbank CIB’s local primary markets expertise and strong client franchise in both the
    corporate and public sectors with Deutsche Bank’s South African equities and global capital markets
    distribution platform; and
-   Broadens client reach through local and international capital markets access, offering relevant,
    innovative solutions based on global best practice.

Brian Kennedy, Group Managing Executive of Nedbank CIB, said: “The cooperation with Deutsche Bank
will enhance Nedbank’s ability to provide our clients with access to deeper sources of capital globally”.

Muneer Ismail, Chief Executive and Chief Country Officer for Deutsche Bank South Africa, said: “The
cooperation offers a creative and innovative way to expand Deutsche Bank’s client footprint and deliver
customised solutions”.

Alasdair Warren, Deutsche Bank’s Head of Corporate Finance EMEA and Co-Head of Corporate &
Investment Bank EMEA, said: “Deutsche Bank has a proud 25-year history in South Africa. Through
our cooperation with Nedbank, we aim to broaden our franchise, further underlining our commitment to
both the country and the region”.

Sandton
6 October 2017

Sponsors to Nedbank Group in South Africa:
Nedbank CIB
Merrill Lynch South Africa (Pty) Limited

Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd

Sponsors to Nedbank Limited:
Nedbank CIB
Investec Bank Limited

Date: 06/10/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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