Chairman's medical leave of absence Nedbank Group Limited Nedbank Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 Registration No. 1951/000009/06 JSE share code: NED JSE share code: NBKP NSX share code: NBK ISIN: ZAE000043667 ISIN: ZAE000004875 JSE alpha code: BINBK JSE alpha code: NEDI (‘Nedbank’) (‘Nedbank Group’) (collectively the ‘group’) NEDBANK GROUP AND NEDBANK – CHAIRMAN’S MEDICAL LEAVE OF ABSENCE The boards of the Nedbank Group and Nedbank announce that Vassi Naidoo will be taking leave of absence as Independent Chairman of the group with immediate effect to focus on treatment he is receiving for a medical condition. Vassi’s medical condition is unrelated to Covid-19. The boards wish Vassi a speedy recovery and look forward to welcoming him back in full health in due course. In terms of Nedbank Group’s Board Continuity Programme, Mpho Makwana (currently the Lead Independent Director of the group) will serve as acting Chairman with immediate effect until Vassi’s return. The appointment of an acting Lead Independent Director will be announced in due course once internal governance processes have been completed. Sandton 22 January 2021 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 in South Africa: Nedbank CIB Investec Bank Limited Date: 22-01-2021 05:18:00 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.