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Amendment to the Policy on Nomination and Appointment of Directors - NEDI and BINBK

Published: 2025-03-07 16:00:41 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 alpha code: NEDI                                    JSE alpha code: BINBK
(Nedbank Group)                                         (Nedbank)

(collectively ‘the companies’)

Amendment to the Policy on Nomination and Appointment of Directors

In accordance with paragraph 7.7 and 7.8 of the Debt and Specialist Securities Requirements of the
JSE Limited, noteholders are advised that the Policy on Nomination and Appointment of Directors has
been amended with immediate effect as follows:

A gender diversity target of 30% women board member representation on the companies’ boards has
been introduced. This target will increase to 35% by 2030. The introduction of a gender diversity target
and the consequential revisions to the policy have no impact on the existing board race diversity targets
or the process of nomination and appointment of directors.

Noteholders may access the policy through the following link:

https://group.nedbank.co.za/content/dam/group/pdf/17_policies-and-procedures/06_corporate-
governance/nomination-and-appointment-of-directors-policy-nedbank.pdf


7 March 2025

Debt and Equity Sponsor
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.
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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.

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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.