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’) NEDBANK GROUP AND NEDBANK – CHANGE TO THE BOARDS TO TAKE PLACE IN 2023 Shareholders are advised that Prof. Tshilidzi Marwala will step down as an independent non-executive director of Nedbank Group and Nedbank in 2023 (and therefore as a member of the Group IT Committee, Group Climate Resilience Committee, and Group Transformation, Social and Ethics Committee). Tshilidzi, who is the Vice Chancellor and Principal of the University of Johannesburg and Deputy Chair of the Presidential Commission on the Fourth Industrial Revolution, was recently appointed by the United Nations as the next Rector of the United Nations University headquartered in Tokyo. Mpho Makwana, Chairperson of both the Nedbank Group and the Nedbank boards of directors (the Boards), noted that while Prof. Marwala’s resignation was being accepted with regret, the Boards were exceptionally proud of his well-deserved appointment as Rector of the UN University. Shareholders will be advised once the date of his resignation in 2023 has been finalised. Sandton 11 August 2022 Sponsors to Nedbank Group in South Africa: Merrill Lynch South Africa (Pty) Limited t/a BofA Securities Nedbank Corporate and Investment Banking, a division of Nedbank Limited Sponsor to Nedbank Group in Namibia: Old Mutual Investment Services (Namibia) (Pty) Ltd