Disclosure of Beneficial Interests in Securities

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)

DISCLOSURE OF BENEFICIAL INTERESTS IN SECURITIES

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 and section 3.83(b)
of the JSE Limited Listings Requirements, shareholders are hereby advised that Nedbank
Group has received formal notification that clients of Coronation Asset Management
Proprietary Limited (Coronation) have, in aggregate, disposed of an interest in the ordinary
shares of Nedbank Group, such that the total interest in the ordinary shares of Nedbank Group
held by Coronation's clients now amounts to 4.96% of the total issued ordinary shares of
Nedbank Group.

The board of Nedbank Group (Board) accepts responsibility for the information contained in
this announcement and confirms that, to the best of their knowledge and belief, such
information is true and this announcement does not omit anything likely to affect the
importance of such information. The Board has relied on the accuracy of the information
contained in the notification received from Coronation in making this statement.

Nedbank Group has filed the required notice with the Takeover Regulation Panel.

Sandton

27 October 2023

Sponsors to Nedbank Group in South Africa:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Merrill Lynch South Africa (Pty) Ltd

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

Date: 27-10-2023 05:00:00
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