Announcement regarding the admission of Old Mutual Limited to the main board of the Johannesburg Stock Exchange 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") ANNOUNCEMENT REGARDING THE ADMISSION OF OLD MUTUAL LIMITED TO THE MAIN BOARD OF THE JOHANNESBURG STOCK EXCHANGE Nedbank Group shareholders are referred to the announcements published on 11 March 2016, 28 June 2016, 1 November 2017 and 20 April 2018 relating to Old Mutual plc´s managed separation strategy (`Managed Separation´), which entails, among other things, the creation of a new South African holding company, Old Mutual Limited (`OML´). The admission of, and commencement of unconditional dealings in, the ordinary shares of OML to the Johannesburg Stock Exchange Limited as a primary listing and also to the London Stock Exchange, the Namibian Stock Exchange, the Zimbabwe Stock Exchange and the Malawi Stock Exchange took place at 9.00 a.m. SAST today, 26 June 2018. For full details, Nedbank Group shareholders are referred to the announcement published by OML today. As previously communicated, the admission of OML is the precursor to the third and final step of the Managed Separation which will entail the reduction of OML´s shareholding in Nedbank Group to a minority shareholding of 19.9% in Nedbank Group´s ordinary shares, held through OML’s shareholder funds (`Strategic Minority Shareholding´), through a distribution of Nedbank Group ordinary shares to OML shareholders on the OML share register at that time (`Nedbank Unbundling´). It is anticipated that the Nedbank Unbundling will take place approximately six months from the date of the admission of OML as set out above. Nedbank Group shareholders will be kept appropriately informed of further developments regarding the Nedbank Unbundling. Sandton 26 June 2018 Financial Advisors to Nedbank Group in South Africa: Deutsche Bank Nedbank CIB Sponsors to Nedbank Group in South Africa: Merrill Lynch South Africa (Pty) Limited Nedbank CIB Sponsor to Nedbank Group in Namibia: Old Mutual Investment Services (Namibia) (Pty) Ltd Legal Advisors to Nedbank Group: ENSafrica Date: 26/06/2018 03:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.