STANDARD BANK NAMIBIA LIMITED - Appointment Of Directors

Appointment Of Directors

The Standard Bank of Namibia Limited
Incorporated in the Republic of Namibia
Registration number: 78/01799
(the "Company")
Issuer code: STINM


APPOINTMENT OF DIRECTORS

In accordance with paragraph 6.42 of the JSE Limited Debt and Specialist Securities Listings Requirements, noteholders 
are hereby advised of the following changes to the Company:

   1. Mr. Zebra Karirondua Kasete has been appointed as Independent Non-Executive Director of Standard Bank Namibia Limited. 
      The appointment resulted from retirements from the board to manage and ensure BID1 compliance.

       Mr. Kasete is currently the Executive Vice President for the Sinomine Tsumeb Smelter. He is a senior executive and 
       metallurgist with an international MBA and 35+ years of global mining and metal experience across senior strategic, 
       operational, and corporate roles including Managing Director, Executive Vice President and Board roles in both Rio 
       Tinto's subsidiaries and Dundee Precious Metals (DPM). He is experienced in diverse commodities like uranium, borates, 
       talc, diamond, copper and gold and strengths in transforming companies, managing stakeholders and contributing the mining 
       industry in Namibia as Chairman of Chamber of Mines.

       As Managing Director of Dundee Precious Metals Tsumeb and Vice President of Dundee Precious Metals Inc. he was part of the 
       core team that successfully sold and led the integration of DPM Tsumeb's smelter to Simonini Resource Group Co. Ltd. in 
       August 2024. In 2003, he obtained an MBA Degree in General and Strategic Management from Maastricht School of Management, the 
       Netherlands. He is also a Member of the Australian Institute of Company Directors.

   2. Additionally, Mr. Andreas Kanime, has also been appointed as Independent Non-Executive Director of Standard Bank Namibia Limited. 
      The appointment resulted from retirements from the board to manage and ensure BID1 compliance.

       Mr Kanime currently serves as the Chief Executive Officer, Namibian Ports Authority where he is responsible and accountable for 
       the profitability and long-term viability of the Namport Group by providing strategic leadership and direction to the company, as 
       well as by creating context and enabling conditions required for the company to achieve its mission, vision, and strategy. He is a 
       seasoned human resources specialist who also served as director and trustee on the boards of various public institutions and Trusts.

       Previously, Mr. Kanime has served as the Group Chief Human Resources officer of the First Rand Namibia Group, he provided strategic
       HR leadership to the FirstRand Namibia Group, formulating and implementing the Group's human resources strategy, policies and
       systems, aligned to business strategy in order to optimally achieve attraction, retention & development of staff, required to attain 
       the company's strategic objectives. He guided and supported the Board, Senior Leadership and Line Management in the effective management 
       of people to derive optimal benefits from the human inputs. Before that he held the position of Chief Human Resources Officer for Telecom 
       Namibia where he was responsible for formulation and implementation of the Telecom Namibia human resources
       strategy, policies and systems, aligned to business strategy to optimally achieve attraction, retention & development of staff.

Regulatory approval for the appointments has been obtained, and the appointments are effective 10 March 2025. The appointments were made pursuant 
to the Nomination and Appointment of Directors and Board Evaluation Policy of the Company.


We welcome Messrs. Kasete and Kanime to the board of directors of the company.

By order of the Board
17 March 2025


Registered Office
1 Chasie Street, Windhoek, Namibia

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 17-03-2025 12:40:00
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