Shareholders announced that Mteto Nyati has resigned as an independent non-executive director of the Nedbank Group and Nedbank Boards of Directors (Boards) with effect from 9 October 2023 as a result of increased capacity constraints. Mteto accordingly also steps down as a member and chair of the Group IT Committee, and member of the Group Directors' Affairs Committee and Group Risk and Capital Management Committee. All Board committees remain duly constituted following the above changes and a further announcement will be released advising shareholders of the appointment of a chairperson of the Group IT Committee.