NEDBANK GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number 1966/010630/06 JSE Alpha Code: NEDI (‘Nedbank Group’ or the ‘Issuer’) Full Capital Redemption – NGLT1A In accordance with the provisions of the terms and conditions of Nedbank Group’s unsecured subordinated notes in terms of its Domestic Medium-Term Note Programme and sections D3 and D4 (‘Issuer Early Redemption Election’) of the NGLT1A Pricing Supplement dated 28 June 2017, investors are herewith advised of the early full capital redemption of NGLT1A effective 1 July 2022. In accordance with the terms and conditions, the Registrar of Banks (Relevant Authority) has granted written approval for the Issuer Early Redemption Election of the NGLT1A notes exercised by Nedbank Group. JSE Code ISIN Capital redemption Amount Record date amount outstanding after capital redemption NGLT1A ZAG000145095 R600,000,000.00 R0.00 Thursday, 30 June 2022 18 May 2022 Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited