Notice in lieu of the amended equity linked note supplement, related supplement and equity linked note conditions ISSUER NAME: NEDBANK LIMITED ISSUER CODE: NEDB SHORT NAME: NBELN4 ALPHA CODE: NBELN4 ISIN CODE: ZAE000216834 ISSUER NAME: NEDBANK LIMITED ISSUER CODE: NEDB SHORT NAME: NBELN5 ALPHA CODE: NBELN5 ISIN CODE: ZAE000216826 NOTICE IN LIEU OF THE AMENDED EQUITY LINKED NOTE SUPPLEMENT, AMENDED RELATED SUPPLEMENT AND AMENDED EQUITY LINKED NOTE CONDITIONS OF SERIES 4 AND SERIES 5 OF THE EQUITY LINKED NOTES Certain of the final terms in the Amended Related Supplement have been determined on, and calculated as at the close of business on 19 March 2019. The Issuer will, by no later than close of business on 20 March 2019, circulate the final Amended Related Supplement to the holders of the remaining specialized securities. NBELN4: • Number of remaining Equity Linked Notes: 13,427 • Reference Price per remaining Equity Linked Note: R 6,127.73 • Participation Factor: 235% • Initial Index Level: 16,629.22 (the level of the Index at the close of business on 19 March 2019, as published by the JSE) • Final Index Determination Date: 22 March 2022 • Index Determination Dates: 21 January 2022, 22 February 2022 and 22 March 2022 (Final Index Determination Date) NBELN5: • Number of remaining Equity Linked Notes: 362 • Reference Price per remaining Equity Linked Note: R 5,171.39 • Participation Factor: 235% • Initial Index Level: 16,629.22 (the level of the Index at the close of business on 19 March 2019, as published by the JSE) • Final Index Determination Date: 22 March 2022 • Index Determination Dates: 21 January 2022, 22 February 2022 and 22 March 2022 (Final Index Determination Date) Should the holders have any queries or comments in respect of the above, they can contact Philip Nel on 011 537 4086 or philipnel@nedbank.co.za 20 March 2019 SPONSOR: NEDBANK CORPORATE AND INVESTMENT BANKING Date: 20/03/2019 08:40:00 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.