NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number: 1966/010630/06 JSE share code: NED NSX share code: NBK A2X share code: NED ISIN: ZAE000004875 JSE alpha code: NEDI (“Nedbank Group” or “the Group”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that the voting results for the annual general meeting (“AGM”) of Nedbank Group held as a hybrid meeting on Friday, 2 June 2023 were as follows: Resolution Number of Percentage For** Against** Abstained ordinary of ordinary % % *** shares shares in % voted issue* % Ordinary Resolution 1.1: Election of Mr 392 716 419 78.90 99.93 0.07 0.20 M Nyati, who was appointed as a director of the company after the last AGM of shareholders Ordinary Resolution 1.2: Election of Mr 392 807 672 78.92 99.92 0.08 0.18 AD Mminele, who was appointed as a director of the company after the last AGM of shareholders Ordinary Resolution 2.1: Re-election of 392 465 667 78.85 96.21 3.79 0.25 Mr HR Brody, who is retiring by rotation, as a director Ordinary Resolution 2.2: Re-election of 392 512 914 78.86 99.65 0.35 0.24 Mr MH Davis, who is retiring by rotation, as a director Ordinary Resolution 2.3: Re-election of 392 839 922 78.93 98.92 1.08 0.18 Mr EM Kruger, who is retiring by rotation, as a director Ordinary Resolution 2.4: Re-election of 392 792 966 78.92 99.04 0.96 0.18 Ms L Makalima, who is retiring by rotation, as a director Ordinary Resolution 3.1: Reappointment 392 837 559 78.93 93.12 6.88 0.18 of Deloitte & Touche as external auditor Ordinary Resolution 3.2: Reappointment 392 837 741 78.93 98.69 1.31 0.18 of Ernst & Young as external auditor Ordinary Resolution 3.3: Appointment of 392 730 886 78.90 98.37 1.63 0.20 KPMG in a shadow capacity Ordinary Resolution 4.1: Election of Mr 392 864 910 78.93 99.22 0.78 0.17 S Subramoney as a member of the Nedbank Group Audit Committee Ordinary Resolution 4.2: Election of Mr 392 840 236 78.93 97.91 2.09 0.18 HR Brody as a member of the Nedbank Group Audit Committee Ordinary Resolution 4.3: Election of Mrs 392 835 061 78.93 97.66 2.34 0.18 NP Dongwana as a member of the Nedbank Group Audit Committee Ordinary Resolution 4.4: Election of Mr 392 860 758 78.93 98.93 1.07 0.17 EM Kruger as a member of the Nedbank Group Audit Committee Ordinary Resolution 4.5: Election of Ms 392 735 947 78.91 90.84 9.16 0.20 P Langeni as a member of the Nedbank Group Audit Committee Ordinary Resolution 5: Placing the 392 728 806 78.90 97.00 3.00 0.20 authorised but unissued ordinary shares under the control of the directors Advisory Endorsement 6.1: Advisory 392 601 861 78.88 90.44 9.56 0.22 endorsement on a non-binding basis of the Nedbank Group Remuneration Policy Advisory Endorsement 6.2: Advisory 392 238 381 78.81 74.76 25.24 0.30 endorsement on a non-binding basis of the Nedbank Group Remuneration Implementation Report Special Resolution 1.1: Remuneration of 392 648 655 78.89 99.68 0.32 0.21 the Non-executive directors: Group Chairperson (all-inclusive fee) Special Resolution 1.2: Remuneration of 392 630 304 78.88 98.95 1.05 0.22 the Non-executive directors: Lead Independent Director (additional 40%) Special Resolution 1.3: Remuneration of 392 412 476 78.84 99.22 0.78 0.26 the Non-executive directors: Nedbank Group boardmember Special Resolution 1.4: Committee 392 642 303 78.89 99.63 0.37 0.21 members’ fees: Nedbank Group Audit Committee Special Resolution 1.5: Committee 392 616 188 78.88 99.64 0.36 0.22 members’ fees: Nedbank Group Credit Committee Special Resolution 1.6: Committee 392 642 261 78.89 99.64 0.36 0.21 members’ fees: Nedbank Group Directors’ Affairs Committee Special Resolution 1.7: Committee 392 642 822 78.89 99.63 0.37 0.21 members’ fees: Nedbank Group Information Technology Committee Special Resolution 1.8: Committee 392 539 632 78.87 99.62 0.38 0.24 members’ fees: Nedbank Group Remuneration Committee Special Resolution 1.9: Committee 392 642 309 78.89 99.63 0.37 0.21 members’ fees: Nedbank Group Risk and Capital Management Committee Special Resolution 1.10: Committee 392 642 875 78.89 99.63 0.37 0.21 members’ fees: Nedbank Group Transformation, Social and Ethics Committee Special Resolution 1.11: Committee 392 490 784 78.86 99.63 0.37 0.25 members’ fees: Nedbank Group Climate Resilience Committee Special Resolution 2.1: Remuneration of 392 613 341 78.88 99.62 0.38 0.22 Non-executive director appointed as Acting Group Chairperson Special Resolution 2.2: Remuneration of 392 575 232 78.87 99.64 0.36 0.23 Non-executive director appointed as Acting Lead Independent Director Special Resolution 2.3: Remuneration of 392 613 414 78.88 99.64 0.36 0.22 Non-executive director appointed as Acting Committee Chairperson Special Resolution 3: General authority 392 713 146 78.90 99.93 0.07 0.20 to repurchase ordinary shares Special Resolution 4: General authority 392 754 005 78.91 99.32 0.68 0.19 to provide financial assistance to related and interrelated companies Special Resolution 5.1: Amendments to 387 603 257 77.87 99.96 0.04 0.43 the Rules of the Nedbank Group (2005) Share Scheme: Replacing ‘Retention Awards’ with ‘Individual Performance Awards’ Special Resolution 5.2: Amendments to 387 602 722 77.87 99.67 0.33 0.43 the Rules of the Nedbank Group (2005) Share Scheme: Amendment of clause 28 dealing with dividends and distributions Special Resolution 6: Creation of new 392 641 169 78.89 98.12 1.88 0.22 preference shares Special Resolution 7: Amendment to the 392 536 138 78.87 98.92 1.08 0.24 MOI incorporating the terms of the A non-redeemable, non-cumulative, non-participating, perpetual preference shares Ordinary Resolution 6: Placing the 392 109 139 78.78 96.33 3.67 0.32 authorised but unissued A non- redeemable, non-cumulative, non- participating, perpetual preference shares under the control of the directors * Based on 497 726 339 shares in issue at the date of the AGM. ** In relation to the total number of shares voted at the AGM. *** In relation to the total number of shares in issue at the date of the AGM. Based on the above voting results, all resolutions were passed by the requisite majority of Nedbank Group shareholders present or represented by proxy at the AGM. Due to advisory endorsement 6.2 relating to the Nedbank Group Remuneration Implementation Report being voted against by 25.24% of Nedbank Group shareholders represented at the AGM, the Group hereby issues an invitation to the shareholders who voted against these advisory endorsements to engage with the Group by submitting written questions/comments to the Group Secretary via e-mail at: JackieK@nedbank.co.za by or before 17:00 on Friday, 9 June 2023. Nedbank Group will engage with these shareholders in regard to the Nedbank Group Remuneration Implementation Report. Johannesburg 2 June 2023 Sponsors Nedbank Corporate and Investment Banking, a division of Nedbank Limited Merrill Lynch South Africa (Pty) Limited Sponsor to Nedbank Group in Namibia: Old Mutual Investment Services (Namibia) (Pty) Ltd