Nedbank Group Limited (JSE:NED) News - Nedbank Group trading statement for the six-month period ended 30 June 2022

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 No. 1951/000009/06
JSE share code: NED                                    JSE alpha code: BINBK
NSX share code: NBK
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
(‘Nedbank Group’)

NEDBANK GROUP TRADING STATEMENT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2022

In accordance with section 3.4(b) of the Listings Requirements of the JSE Limited, an issuer is required
to publish a trading statement as soon as it becomes reasonably certain that its basic earnings per share
(‘EPS’) and/or headline earnings per share (‘HEPS’) for the next period to be reported on are expected
to differ by at least 20% from those of the previous corresponding reporting period.

In line with this requirement, Nedbank Group has reached reasonable certainty that basic EPS and
HEPS for the six months ended 30 June 2022 (‘the period') are expected to increase by more than 20%
when compared with those in the six months to 30 June 2021 (‘the prior period’):

    -   Basic EPS for the period is expected to increase by between 28% and 33%, resulting in a range
        of between 1 384 and 1 438 cents per share when compared with the prior period of 1 081 cents
        per share; and
    -   HEPS for the period is expected to increase by between 23% and 28%, resulting in a range of
        between 1 333 and 1 388 cents per share when compared with the prior period of 1 084 cents
        per share.

Nedbank Group is currently in a closed period and will release results for the six-months ended 30 June
2022 on the JSE Stock Exchange News Service on Wednesday, 10 August 2022. These results will
also be available on Nedbank group’s website: nedbankgroup.co.za. Shareholders are advised that the
financial information contained in this trading statement has not been reviewed or reported on by
Nedbank Group’s joint auditors.

Sandton
20 July 2022

Sponsors to Nedbank Group in South Africa:
Merrill Lynch SA Proprietary 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

Date: 20-07-2022 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.