In compliance with paragraph 3.59 of the JSE Limited (JSE) Listings Requirements, paragraph 6.42 of the JSE Debt and Specialist Securities Listings Requirements and as part of the Group's ongoing board continuity planning, the board of directors of Nedbank Group and Nedbank Limited (the boards) are pleased to announce that Mr George Njenga has been appointed as an independent non-executive director and member of the Nedbank Group Sustainability and Climate Resilience Committee with effect from 1 December 2025. The appointment has been made in terms of the Group’s policy on the nomination and appointment of directors.
Mr Njenga (BSc. Chemistry) has over 30 years’ leadership experience in the energy sector and has led multi-million-dollar businesses and projects across Africa, the Middle East and Asia, covering renewable energy and power generation. He is the Executive Chairman of Lake Turkana Wind Power, Sub-Saharan Africa’s largest wind energy project. Mr Njenga is the former CEO for the East Africa platform of A.P. Moller Capita, and before this, he was the CEO of GE Renewable Energy (Grid and Hydro) for Sub-Saharan Africa.
Daniel Mminele, Chairperson of Nedbank Group, extends a warm welcome to George and said that George’s deep expertise in leading complex energy projects and his proven track record in advancing sustainable power solutions across multiple continents will provide invaluable insight to the boards.
Shareholders and noteholders are further advised that Mr Fleetwood Grobler, who was appointed to the boards and the Nedbank Group Sustainability and Climate Resilience Committee on 1 November 2025, has also been appointed a member of the Nedbank Group Remuneration Committee with immediate effect.