NEDBANK GROUP LIMITED - Nedbank Group and Nedbank Passing of Errol Kruger, Independent Non-Executive Board Member

Nedbank Group and Nedbank – Passing of Errol Kruger, Independent Non-Executive Board Member

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)
(collectively 'the Group')


NEDBANK GROUP AND NEDBANK – PASSING OF ERROL KRUGER, INDEPENDENT NON-EXECUTIVE BOARD MEMBER


It is with deep sadness that the board of directors of Nedbank and Nedbank Group (the boards) announce the sudden
passing of Errol Kruger on 26 April 2025.

Errol joined the boards as an independent non-executive director on 1 August 2016. From September 2003 to July
2011, he was the Registrar of Banks (now known as the Chief Executive Officer of the Prudential Authority) at the
SARB, having been with the SARB since July 1978. As the Registrar of Banks, Errol represented South Africa as a full
member of the Basel Committee on Banking Supervision from 2009 to 2011 and he successfully project managed
South Africa's early adoption, and full implementation, of both the revised 25 Basel Core Principles for Effective
Banking Supervision as well as Basel II. Errol had been appointed as the managing director of supervision and
authorisation at the Qatar Financial Centre Regulatory Authority on 1 August 2011 whereafter he was also appointed
by the Board of the Qatar Central Bank to serve on Qatar's Financial Stability and Risk Control Committee. He
relinquished his role at the Qatar Financial Centre Regulatory Authority on 31 July 2016. Errol also served as a non-
executive director of Capital Appreciation Limited and as the chairperson of the board of directors of Nedbank Private
Wealth Limited (Isle of Man).

Daniel Mminele, Chairman of the boards, said he was greatly saddened at the untimely passing of Errol and, on behalf
of the boards, extended his condolences to Errol's family. He noted that Errol played an invaluable role in the
governance of the Group, particularly as chair of the Group Risk and Capital Management Committee and Group Credit
Committee, and he would be fondly remembered by his colleagues on the boards for his humility and kindness.


Sandton
29 April 2025


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

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

Date: 29-04-2025 07:05:00
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