NEDBANK GROUP LIMITED - Resignation of Director and Changes to Board Committees

Resignation of Director and Changes to Board Committees

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 number: 1951/000009/06
JSE share code: NED                              JSE alpha code: BINBK
NSX share code: NBK                              (Nedbank)
A2X share code: NED
ISIN: ZAE000004875
JSE alpha code: NEDI
(Nedbank Group or Group)


NEDBANK GROUP AND NEDBANK LIMITED – RESIGNATION OF DIRECTOR AND CHANGES
TO BOARD COMMITTEES


In compliance with paragraph 6.71 of the JSE Limited (JSE) Listings Requirements and paragraph
6.42 of the JSE Debt and Specialist Securities Listings Requirements, shareholders are advised that
Dixit Joshi has resigned as an independent non-executive director of Nedbank Group and Nedbank
with immediate effect in order to take up a senior executive role with a global asset manager in the
Middle East.

As a consequence of his resignation, Dixit has also stepped down as Chairperson of the Group Risk
and Capital Management Committee (GRCMC), and as a member of the Group Directors' Affairs
Committee and Group Model Risk Oversight Committee.

The boards of Nedbank Group and Nedbank are pleased to announce that Rob Leith has been
appointed as Chairperson of the GRCMC. Rob previously served as Chairperson of the GRCMC
and will resume the role to ensure continuity of leadership and oversight of the Group's risk and
capital management responsibilities.

Chairperson of the boards, Daniel Mminele, commented:
"On behalf of the boards, I wish to thank Dixit for his contribution to Nedbank and wish him every
success in his new executive role. I also thank Rob for agreeing to take on the role of GRCMC
Chairperson again and look forward to his continued contribution."

As part of the Group's ongoing board committee renewal and succession planning processes,
shareholders are further advised that a separate announcement is expected to be released towards
the end of August 2026 setting out additional board committee changes.

Sandton
7 August 2026

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

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

Date: 07-08-2026 05:00:00
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