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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 alpha code: BINBK NSX share code: NBK A2X share code: NED ISIN: ZAE000004875 JSE alpha code: NEDI (‘Nedbank Group’) (collectively the ‘group’) PILLAR 3 RISK AND CAPITAL MANAGEMENT REPORT FOR THE QUARTER ENDED 31 MARCH 2023 Shareholders and noteholders are advised that the Nedbank Group and Nedbank Limited Pillar 3 Risk and Capital Management Report for the quarter ended 31 March 2023, is available on the group’s website: https://www.nedbank.co.za/content/nedbank/desktop/gt/en/investor-relations/information-hub/capital- and-risk-management-reports.html. At 31 March 2023, Nedbank Group reported a CET1 capital adequacy ratio of 13,5% (31 March 2022: 12,7% and 31 December 2022: 14,0%), above the upper end of the group’s board-approved target range of 11% to 12%, reflecting the benefit of ongoing strong earnings growth, offset by the declaration of the group’s final 2022 dividend, balance sheet growth and capital optimisation activities. Liquidity metrics remained strong with no implications evident from recent global banking and other developments. At 31 March 2023, the group’s LCR ratio was 155,8% (31 March 2022: 134,3% and 31 December 2022: 160,5%) and NSFR ratio was 117,2% (31 March 2022: 118,2% and 31 December 2022: 119,1%). These disclosures have not been audited or reviewed by the group’s joint external auditors. Sandton 31 May 2023 Sponsors to Nedbank Group in South Africa: Nedbank Corporate and investment Banking, a division of Nedbank Limited Merrill Lynch SA Proprietary Limited t/a BofA Securities Sponsor to Nedbank Group in Namibia: Old Mutual Investment Services (Namibia) (Pty) Ltd Debt Sponsor to Nedbank Limited: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
