NEDBANK GROUP LIMITED - Incorrect Disclosure of Beneficial Interests in Securities

Incorrect 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 or the Company)

INCORRECT DISCLOSURE OF BENEFICIAL INTERESTS IN SECURITIES

Shareholders are referred to the announcement released on SENS on 6 March 2026, relating to the
acquisition of Nedbank Group ordinary shares by Lazard Asset Management LLC (Lazard) such that
Lazard's total interest in the ordinary shares of Nedbank Group amounted to 5.344%, pursuant to
notification received from Lazard in terms of section 122(1) of the Companies Act No. 71 of 2008.

The Company has since been informed by Lazard that due to an internal administrative error its initial
notification issued to Nedbank Group was incorrect. Nedbank Group had duly informed the Takeover
Regulation Panel (TRP) and this matter is under the TRP's formal consideration.

The board of Nedbank Group accepts responsibility for the information contained in this announcement
and confirms that, to the best of its knowledge and belief, such information is true and that this
announcement does not omit anything likely to affect the importance of such information included.

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 05:00:00
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