Nedbank Group and Nedbank Limited: Group executive leadership appointment 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 share code: NBKP NSX share code: NBK ISIN: ZAE000043667 ISIN: ZAE000004875 (‘Nedbank’) (‘Nedbank Group’ or the ‘Company’) NEDBANK GROUP AND NEDBANK LIMITED: GROUP EXECUTIVE LEADERSHIP APPOINTMENT In terms of Nedbank Group’s normal retirement policy, Thabani Jali, Chief Governance and Compliance Officer and Group Company Secretary for Nedbank Group and Nedbank, will be retiring from the Group at the end of this year. Thabani joined Nedbank Group in October 2011 as the Group Executive responsible for Governance and Compliance. Before joining the Group, Thabani gained over 20 years’ experience in the legal profession as an attorney, a mediator, an arbitrator and later a judge. He was also a partner in a commercial law firm and served as Chairman of the Competition Commission Enquiry into Bank Charges and the National Payment System from 2006 to 2008. Vassi Naidoo, Chairman of Nedbank Group, said “We wish Thabani well in his future and thank him for his outstanding contribution in this important role in the organisation.” Nedbank Group is accordingly pleased to announce the appointment of Anna Isaac (49) to its Group Executive Committee (Group EXCO) as Group Chief Compliance Officer reporting to the Chief Executive, Mike Brown, with effect from 1 January 2019, succeeding Thabani on his retirement. Anna is a qualified Admitted Attorney and holds a BA (Law), LLB, Diploma in Insolvency and LLM in Corporate Law. Anna’s career at Nedbank spans over 20 years in various roles (including Legal and Compliance in the Business Clusters and at Nedbank Group level). She has been the Chief Legal Counsel for the Nedbank Group since March 2015, reporting to the Chief Risk Officer, and a member of the Nedbank Group Risk Executive Committee. She completed the Executive Development Programme at the Gordon Institute of Business School in 2008, the Strategic Management in Banking at Insead (France) in 2011 and, recently, the Advanced Management Programme at Harvard Business School (Boston, USA) during September and October 2018. Sandton 13 November 2018 Sponsors to Nedbank Group in South Africa: Merrill Lynch South Africa (Pty) Limited Nedbank CIB Sponsor to Nedbank Group in Namibia: Old Mutual Investment Services (Namibia) (Pty) Ltd Date: 13/11/2018 09:05:00 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.