Enhanced Investments - Financial Portal

Regulatory Approval for the Appointment of Jason Quinn as Group CE and Executive Director from 31 May 2024

Published: 2024-02-28 18:40:35 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 number: 1951/000009/06
JSE share code: NED                              JSE alpha code: BINBK
NSX share code: NBK                              (Nedbank)
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
(Nedbank Group)
(collectively, the Group)


RECEIPT OF REGULATORY APPROVAL FOR THE APPOINTMENT OF JASON QUINN AS GROUP
CHIEF EXECUTIVE AND EXECUTIVE DIRECTOR FROM 31 MAY 2024


Further to the announcement released on SENS on 22 November 2023, wherein it was advised that the
Nedbank Group and Nedbank boards of directors (the Boards) had, subject to regulatory approval,
appointed Jason Quinn as CE-designate of Nedbank Group and Nedbank, shareholders are advised
that approval has now been received from the Prudential Authority of the South African Reserve Bank
for Jason’s appointment as Group Chief Executive and executive director on the Boards.


As previously advised, Jason will assume the role of Group Chief Executive on Mike Brown’s planned
retirement from the Boards upon conclusion of the Nedbank Group annual general meeting, currently
scheduled for 31 May 2024.


Sandton
28 February 2024


Sponsor to Nedbank Group in South Africa:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited


Sponsor to Nedbank Group in Namibia:
Old Mutual Investment Services (Namibia) (Pty) Ltd


Debt Sponsor to Nedbank in South Africa:
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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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.