SCHEDULE 13D

CUSIP No.

ZAE000004875

1

Name of reporting person

STANDARD BANK OF SOUTH AFRICA LTD

2

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

6

Citizenship or place of organization

SOUTH AFRICA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 32,810,272.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 32,810,272.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

32,810,272.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

13

Percent of class represented by amount in Row (11)

7.1 %

14

Type of Reporting Person (See Instructions)

BD, IA, IV, BK

Comment for Type of Reporting Person:

Standard Bank is a licensed bank and Financial Service provider in South Africa. SBG Securities (Pty) Ltd is a subsidiary of the Standard Bank Group and operates as the equity broker for the Group and is a member of the Johannesburg Stock Exchange (JSE) and A2X Exchange in South Africa.

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Ordinary Shares

(b)

Name of Issuer:

Nedbank Group LTD

(c)

Address of Issuer's Principal Executive Offices:

135 RIVONIA ROAD, SANDOWN, SOUTH AFRICA , 2146.

Item 1 Comment:

Standard Bank is a licensed bank and Financial Service provider in South Africa. SBG Securities (Pty) Ltd is a subsidiary of the Standard Bank Group and operates as the equity broker for the Group and is a member of the Johannesburg Stock Exchange (JSE) and A2X Exchange in South Africa. As part of the Group's trading, investment and hedging activities, it may hold equity positions from time to time.

Item 2.

Identity and Background

(a)

Name: Standard Bank Group Entity Type: Publicly listed Company

(b)

Address: 30 Baker Street, Rosebank, Johannesburg 2196

(c)

Standard Bank is a licensed bank and Financial Service provider in South Africa. SBG Securities (Pty) Ltd is a subsidiary of the Standard Bank Group and operates as the equity broker for the Group and is a member of the Johannesburg Stock Exchange (JSE) and A2X Exchange in South Africa. As part of the Group's trading, investment and hedging activities, it may hold equity positions from time to time.

(d)

No

(e)

No

(f)

South Africa

Item 3.

Source and Amount of Funds or Other Consideration

Standard Bank is a licensed bank and Financial Service provider in South Africa. SBG Securities (Pty) Ltd is a subsidiary of the Standard Bank Group and operates as the equity broker for the Group and is a member of the Johannesburg Stock Exchange (JSE) and A2X Exchange in South Africa. As part of the Group's trading, investment and hedging activities, it may hold equity positions from time to time.

Item 4.

Purpose of Transaction

Standard Bank is a licensed bank and Financial Service provider in South Africa. SBG Securities (Pty) Ltd is a subsidiary of the Standard Bank Group and operates as the equity broker for the Group and is a member of the Johannesburg Stock Exchange (JSE) and A2X Exchange in South Africa. As part of the Group's trading, investment and hedging activities, it may hold equity positions from time to time.

Item 5.

Interest in Securities of the Issuer

(a)

Aggregate Number: 32,810,272 Percentage: 7.1%

(b)

Number of shares = 32,810,272

(c)

Standard Bank is a licensed bank and Financial Service provider in South Africa. SBG Securities (Pty) Ltd is a subsidiary of the Standard Bank Group and operates as the equity broker for the Group and is a member of the Johannesburg Stock Exchange (JSE) and A2X Exchange in South Africa. As part of the Group's trading, investment and hedging activities, it may hold equity positions from time to time.

(d)

Standard Bank is a licensed bank and Financial Service provider in South Africa and is a public company which is listed on the Johannesburg Stock Exchange (JSE).

(e)

Not Applicable

Item 6.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Standard Bank is a licensed bank and Financial Service provider in South Africa. SBG Securities (Pty) Ltd is a subsidiary of the Standard Bank Group and operates as the equity broker for the Group and is a member of the Johannesburg Stock Exchange (JSE) and A2X Exchange in South Africa. As part of the Group's trading, investment and hedging activities, it may hold equity positions from time to time.

Item 7.

Material to be Filed as Exhibits.

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STANDARD BANK OF SOUTH AFRICA LTD

Signature:	M Ryan
Name/Title:	Malcolm Ryan - Compliance
Date:	08/22/2025