NEDBANK LIMITED (Incorporated in the Republic of South Africa) Registration number 1951/000009/06 JSE Alpha Code: BINBK Partial Capital Redemption – NN116 In accordance with the provisions of the terms and conditions of the NN116 Applicable Pricing Supplement, investors are herewith advised of the partial capital redemption of NN116 effective 15 March 2023. JSE Code ISIN Partial capital Amount outstanding redemption amount after partial capital redemption NN116 ZAG000180886 R5,000,000.00 R195,000,000.00 The reason for the partial capital redemption of NN116 is due to client request to unwind. 17 March 2023 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited