Results of Nedbank annual general meeting Nedbank Limited (Incorporated in the Republic of South Africa) (Registration No. 1951/000009/06) Share code: NBKP ISIN: ZAE000043667 (“Nedbank” or “the Company”) RESULTS OF NEDBANK ANNUAL GENERAL MEETING Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Nedbank, a wholly- owned subsidiary of Nedbank Group Limited, held at the registered offices of the Company on Wednesday, 20 May 2020 were as follows: Resolution Number of Percentage For** Against** Abstained*** ordinary of ordinary shares shares in voted issue* Ordinary Resolution 1.1: Election of Prof 27 876 479 100% 100% - - T Marwala, who has been appointed as a director since the previous annual general meeting of shareholders Ordinary Resolution 2.1: Re-election as 27 876 479 100% 100% - - a director of Mr HR Brody, who is retiring by rotation Ordinary Resolution 2.2: Re-election as 27 876 479 100% 100% - - a director of Mr EM Kruger, who is retiring by rotation Ordinary Resolution 2.3: Re-election as 27 876 479 100% 100% - - a director of Ms L Makalima, who is retiring by rotation Ordinary Resolution 2.4: Re-election as 27 876 479 100% 100% - - a director of Mr PM Makwana, who is retiring by rotation Ordinary Resolution 2.5: Re-election as 27 876 479 100% 100% - - a director of Dr Ma Matooane, who is retiring by rotation Ordinary Resolution 3.1: Appointment 27 876 479 100% 100% - - of Deloitte & Touche as external auditor Ordinary Resolution 3.2: Appointment 27 876 479 100% 100% - - of Ernst & Young Incorporated as external auditor Ordinary Resolution 4: Placing the 27 876 479 100% 100% - - authorised but unissued ordinary shares under the control of the directors Advisory endorsement 5.1: On a non- 27 876 479 100% 100% - - binding basis of the company’s Remuneration Policy Advisory endorsement 5.2: On a non- 27 876 479 100% 100% - - binding basis of the company’s Remuneration Implementation Report Special resolution 1: Remuneration of 27 876 479 100% 100% - - non-executive directors Special resolution 2: General authority 27 876 479 100% 100% - - to provide financial assistance to related and interrelated companies * Based on 27 876 479 ordinary shares (unlisted) in issue at the date of the AGM. ** In relation to the total number of ordinary shares voted at the AGM. *** In relation to the ordinary shares (unlisted) in issue at the date of the AGM. Nedbank’s non-redeemable, non-cumulative, non-participating preference shareholders are not entitled to vote at the AGM. Based on the above voting results, all resolutions were passed by the requisite majority of Nedbank ordinary shareholders present in person or represented by proxy at the AGM. Johannesburg 20 May 2020 Sponsors Nedbank Corporate and Investment Banking Investec Bank Limited Date: 20-05-2020 05:00:00 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.