NEDBANK GROUP LIMITED - Dealings in Securities: Grant and Acceptance of Restricted Shares

Dealings in Securities:  Grant and Acceptance of Restricted Shares

NEDBANK GROUP LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1966/010630/06
JSE share code: NED
NSX share code: NBK
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
(Nedbank Group)

DEALINGS IN SECURITIES: GRANT AND ACCEPTANCE OF RESTRICTED SHARES

In terms of paragraphs 6.77 – 6.80 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of the off-market grant and acceptance of restricted share awards by
the executive directors, prescribed officers and company secretary of Nedbank Group.

This grant is in terms of the Nedbank Group (2005) Share Option, Matched Share and Restricted Share
Scheme (Scheme).

The Restricted Share awards are Nedbank Group ordinary shares that are issued at no cost to eligible
employees (Restricted Shares) at the volume-weighted average price (R285.08), being the average
price paid by the Nedbank Group (2005) Share Scheme Trust for the shares purchased to satisfy the
awards during the period 3 to 11 March 2026. These Restricted Shares are held on an indirect
beneficial basis and participants are entitled to receive dividends from the date of grant and acceptance
thereof.

In terms of the Scheme, the executive directors, prescribed officers and company secretary have no
discretion in relation to the number of Restricted Shares awarded to them nor the price at which such
Restricted Shares are awarded.

Details of the Restricted Share transactions, the vesting of which are entirely subject to the achievement
of corporate performance-based criteria, are set out below. The transactions were concluded off-market
and the pre-requisite clearance to deal has been obtained.



Name:                                      Jason Quinn
Capacity:                                  Group Chief Executive
Number of restricted shares:               73 663
Price per restricted share:                R285.08
Total value:                               R20 999 848.04
Date of grant and acceptance:              25 March 2026
Date of vesting:                           26 March 2029


Name:                                      Mike Davis
Capacity:                                  Chief Financial Officer
Number of restricted shares:               47 355
Price per restricted share:                R285.08
Total value:                               R13 499 963.40
Date of grant and acceptance:              25 March 2026
Date of vesting:                           26 March 2029


Name:                                      Mfundo Nkuhlu
Capacity:                                  Chief Operating Officer
Number of restricted shares:               47 355
Price per restricted share:                R285.08
Total value:                               R13 499 963.40
Date of grant and acceptance:              25 March 2026
Date of vesting:                           26 March 2029

Name:                                      Andiswa Bata
Capacity:                                  Prescribed officer (Group Managing Executive:
                                           Business & Commercial Banking)
Number of restricted shares:               45 601
Price per restricted share:                R285.08
Total value:                               R12 999 933.08
Date of grant and acceptance:              25 March 2026
Date of vesting:                           26 March 2029


Name:                                      Anél Bosman
Capacity:                                  Prescribed officer (Group Managing Executive:
                                           Corporate & Investment Banking)
Number of restricted shares:               42 093
Price per restricted share:                R285.08
Total value:                               R11 999 872.44
Date of grant and acceptance:              25 March 2026
Date of vesting:                           26 March 2029


Name:                                      Terence Sibiya
Capacity:                                  Prescribed officer (Group Managing Executive:
                                           Nedbank Africa Regions)
Number of restricted shares:               35 077
Price per restricted share:                R 285.08
Total value:                               R9 999 751.16
Date of grant and acceptance:              25 March 2026
Date of vesting:                           26 March 2029


Name:                                      Ciko Thomas
Capacity:                                  Prescribed officer (Group Managing Executive:
                                           Personal & Private Banking)
Number of restricted shares:               45 601
Price per restricted share:                R285.08
Total value:                               R12 999 933.08
Date of grant and acceptance:              25 March 2026
Date of vesting:                           26 March 2029


Name:                                      Jackie Katzin
Capacity:                                  Group Company Secretary
Number of restricted shares:               5 261
Price per restricted share:                R285.08
Total value:                               R1 499 805.88
Date of grant and acceptance:              25 March 2026
Date of vesting:                           26 March 2029



Sandton
26 March 2026

Sponsor to Nedbank Group in South Africa
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Sponsor to Nedbank Group in Namibia
Old Mutual Investment Services (Namibia) (Pty) Ltd

Date: 26-03-2026 01:00:00
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