Nedbank Group Limited Investor Presentation — December 2017

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RESULTSNEDBANK GROUP LIMITED

FOR THE YEAR ENDED 31 DECEMBER2 NEDBANK GROUP LIMITED –Annual Results '17 ar

Solid performance during a

difficult and volatile yearOVERVIEW

3 NEDBANK GROUP LIMITED –Annual Results '17

arOverview of our 2017 performance

Solid financial performance –headline earnings +2.8% (H1 2017: -2.9%)

Good performance from managed operations –headline earnings +7.8% (H1 2017: +6.7%)

−Unresolved structural challenges in SA economy compounded by political & policy uncertainty

−Cyclical economic downturn in SA

−Multiple event risks resulted in high levels of volatility –Nedbank navigated these well

−Business & consumer confidence at multiyear lows –slowdown in asset growth & transactional

activity, particularly evident in CIB & Wealth

−Selective loan origination & quality advances book with high levels of resolutions of historically

problematic accounts

−Expenses well managed

ETI loss from Q4 2016 impacted Nedbank’s H1 2017 result –returned to profitability in the

9 months to 30 September 2017, boosting Nedbank Group's H2 growth rates

Accelerated digital delivery to enhance client experience & improve efficiency

Delivering value to all our stakeholders –ongoing focus on governance & sustainability4 NEDBANK GROUP LIMITED –Annual Results '17

arFinancial services activity impacted by unresolved structural

challenges, exacerbated by cyclical downturn in SA

World Sub-Saharan Africa South AfricaStructural challenges

Supportive global environment, but …

Infrastructural deficits –egroads, water,