Tap of Nedbank Group Limited Additional Tier 1 Floating Rate Note NEDBANK GROUP LIMITED Reg No 1966/010630/06 Incorporated in the Republic of South Africa JSE Code: NGT104 ISIN No: ZAG000160441 Tap of Nedbank Group Limited Additional Tier 1 Floating Rate Note The JSE Limited has granted a listing to NEDBANK GROUP LIMITED on the Interest Rate Market with effect from 12 September 2019 under its Domestic Medium Term Note Programme. Authorised Programme size R 25,000,000,000.00 Total Notes Outstanding R 15,357,000,000.00 (including this issuance) INSTRUMENT TYPE: FLOATING RATE NOTE CALLABLE Tap Amount R 887,000,000.00 Total Amount Following Tap Issue R 1,829,000,000.00 Bond Code NGT104 Nominal Issued R 887,000,000.00 Issue Price 102.726431% Coupon 11.55% (3 Month JIBAR as at 18 June 2019 of 7.050% plus 450 bps) Coupon Rate Indicator Floating Trade Type Price Final Maturity Date Perpetual (expected maturity for system purposes 15 January 2099) Books Close Date(s) 10 January, 10 April, 10 July, 10 October Interest Payment Date(s) 15 January, 15 April, 15 July, 15 October Last Day to Register By 17:00 on 9 January, 9 April, 9 July, 9 October Issue Date 12 September 2019 Date Convention Modified Following Interest Commencement Date 24 June 2019 First Interest Payment Date 15 October 2019 Call / Step Up Date 15 January 2025 ISIN No. ZAG000160441 Additional Information Subordinate, Unsecure - First Tier Additional Terms and Conditions N/A Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. Date: 11 September 2019 Debt Sponsor: Nedbank Corporate and Investment Banking Date: 11/09/2019 05:02:00 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.