NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number 1966/010630/06 JSE Alpha Code: NEDI (‘Nedbank Group’ or the ‘Issuer’) Full Capital Redemption – NGL04 In accordance with the provisions of the terms and conditions of Nedbank Group’s unsecured subordinated notes in terms of its Domestic Medium-Term Note Programme and sections D3 and D4 (‘Issuer Early Redemption Election’) of the NGL04 Pricing Supplement dated 15 March 2018, investors are herewith advised of the early full capital redemption of NGL04 effective 20 March 2023. In accordance with the terms and conditions, the Registrar of Banks (Relevant Authority) has granted written approval for the Issuer Early Redemption Election of the NGL04 notes exercised by Nedbank Group. JSE Code ISIN Capital redemption Amount Record date amount outstanding after capital redemption NGL04 ZAG000150178 R2 000,000,000.00 R0.00 Wednesday, 15 March 2023 07 February 2023 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited