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NEDBANK GROUP LIMITED - Chairman's medical leave of absence

Release Date: 22/01/2021 17:18
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Chairman's medical leave of absence

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                                   JSE alpha code: BINBK
JSE alpha code: NEDI                                 (‘Nedbank’)
(‘Nedbank Group’)
(collectively the ‘group’)


The boards of the Nedbank Group and Nedbank announce that Vassi Naidoo will be taking leave of
absence as Independent Chairman of the group with immediate effect to focus on treatment he is
receiving for a medical condition. Vassi’s medical condition is unrelated to Covid-19.

The boards wish Vassi a speedy recovery and look forward to welcoming him back in full health in due

In terms of Nedbank Group’s Board Continuity Programme, Mpho Makwana (currently the Lead
Independent Director of the group) will serve as acting Chairman with immediate effect until Vassi’s

The appointment of an acting Lead Independent Director will be announced in due course once internal
governance processes have been completed.

22 January 2021

Sponsors to Nedbank Group in South Africa:
Nedbank CIB
Merrill Lynch South Africa (Pty) Limited

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

Sponsors to Nedbank Limited in South Africa:
Nedbank CIB
Investec Bank Limited

Date: 22-01-2021 05:18:00
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