NEDBANK LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1951/000009/06
JSE alpha code: BINBK
(“Nedbank” or the “Issuer”)

AMENDMENTS TO NEDBANK’S ZAR75,000,000,000 DOMESTIC MEDIUM TERM NOTE
PROGRAMME

Nedbank established a ZAR75,000,000,000 Domestic Medium Term Note Programme ("DMTN
Programme") under which Nedbank may, from time to time, issue secured or unsecured, subordinated
or unsubordinated notes of any kind pursuant to the Amended and Updated Programme Memorandum
dated 8 February 2019 ("DMTN Programme Memorandum").

Noteholders are advised that Nedbank has amended and updated the Programme Memorandum on
the basis set out in the Amended and Updated Programme Memorandum dated 4 February 2026
(“Amended DMTN Programme Memorandum”)

Any capitalised terms not defined in this SENS announcement have the meanings ascribed to them in
the respective sections of the Amended DMTN Programme Memorandum headed “Terms and
Conditions” (“Terms and Conditions”).

The Amended DMTN Programme Memorandum, has, in summary, been updated as follows:

1.       To comply with all the applicable provisions of the JSE Debt & Specialist Securities Listings
         Requirements.

2.       The introduction to the Amended DMTN Programme Memorandum as well as the various
         sections in the Amended DMTN Programme Memorandum have been updated extensively as
         part of a general revision of the Amended DMTN Programme Memorandum.

3.       By the inclusion of additional definitions as appropriate.

4.       The general sequencing in the Amended DMTN Programme Memorandum has been revised.

5.       The “Documents Incorporated by Reference” section of the Amended DMTN Programme
         Memorandum has been updated to reflect all documents incorporated by reference.

6.       By the inclusion of a separate “Risk Factors and Other Disclosures Statement” which includes
         the following information:

     ▪    the risk factors that the Issuer believes may affect its ability to fulfil its obligations under the
          Notes as well as the factors which are material for the purpose of assessing the market risks
          associated with the Notes;

     ▪    the Banking and Prudential Regulation in South Africa;

     ▪    South African Exchange Control;

     ▪    South African Taxation;

     ▪    Subscription and Sale; and

     ▪    Settlement, Clearing and Transfer of Notes.

7.       By the inclusion of a separate “Information Statement” which includes the following information:
   ▪   a description of Nedbank, including, but not limited to, its business, management, directors and
       corporate governance disclosure;

   ▪   the Issuer’s directors and debt officer;

   ▪   the register of conflicts of interests or confirmation that no conflicts of interests exist; and

   ▪   corporate information in respect of the DMTN Programme.

The Amended DMTN Programme Memorandum was approved by the JSE on 6 February 2026. The
Amended DMTN Programme Memorandum, the Information Statement and the Risk Factors and Other
Disclosures Statement are available for inspection on the following website link: Debt Investors |
Nedbank


6 February 2026

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited