Enhanced Investments - Financial Portal

Pillar 3 Basel III capital adequacy, leverage and liquidity disclosures at 30 September 2023

Published: 2023-11-23 09:43:35 ET

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’ or ‘the group’)

PILLAR 3 BASEL III CAPITAL ADEQUACY, LEVERAGE AND LIQUIDITY DISCLOSURES AT
30 SEPTEMBER 2023

Shareholders and noteholders are advised that the Nedbank Group and Nedbank Limited Pillar 3 Risk
and Capital Management Report for the nine months ended 30 September 2023, as required by
regulation 43 of the regulations relating to banks, issued in terms of the Banks Act, 94 of 1990, 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 30 September 2023, Nedbank Group reported a CET1 capital adequacy ratio, including
unappropriated profits, of 12,9% (June 2023: 13,3% and September 2022: 13,3%), above the upper end
of the group’s board-approved target range of 11% to 12%, reflecting the benefit of ongoing earnings
growth, offset by the declaration and payment of the group’s interim 2023 dividend and balance sheet
growth since June 2023. Nedbank Limited reported a CET 1 capital adequacy ratio, including
unappropriated profits, of 11,6% (June 2023: 12,0% and September 2022: 12,3%), within the group’s
board-approved target range of 11% to 12%.

Nedbank Group and Nedbank Limited reported a Liquidity Coverage Ratio of 143% (June 2023: 143%
and September 2022: 156%) and 139% (June 2023: 143% and September 2022: 151%) respectively
and a Net Stable Funding Ratio of 115% (June 2023: 119% and September 2022: 119%) and 112%
(June 2023: 117% and September 2023: 117%) respectively.

The disclosures have not been audited nor reviewed by the group’s joint external auditors.

Sandton
23 November 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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.