STANDARD BANK NAMIBIA LIMITED - Trading Statement In Respect Of The Year Ended 31 December 2023 - Standard Bank Namibia

Trading Statement In Respect Of The Year Ended 31 December 2023 - Standard Bank Namibia

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



TRADING STATEMENT IN RESPECT OF THE YEAR ENDED 31 DECEMBER 2023


In accordance with paragraph 6.3(a) of the JSE Debt Listings Requirements, an issuer must publish a
trading statement when they become aware that the financial results for the period to be reported upon
next, will be materially different from the financial results for the previous corresponding period.

SBN Holdings Limited would like to report to noteholders that profit after tax for the financial year
ended 31 December 2023 is expected to be higher, by between 18% and 28%, than what was reported
for the comparative period. Therefore, earnings per share ("EPS") and headline earnings per share
("HEPS") for the financial year ended 31 December 2023 are expected to be materially higher, by
between 18% and 28% (between 140 and 152 cents per share), than what was reported for the
comparative period (119 cents).

Noteholders are hereby advised that the financial data upon which this trading statement is based
have not been reviewed by the Group's external auditors.
The Group's audited annual financial results for the year ended 31 December 2023 are expected to
be released on or about 14 March 2024.


By order of the board
Erwin Tjipuka
Chief Executive


04 March 2024


Registered Office
1 Chasie Street, Windhoek, Namibia

BOARD OF DIRECTORS:
H MAIER (CHAIRMAN)
S HORNUNG
STB MADONSELA
JS MWATOTELE
JG RIEDEL
PL SCHLEBUSCH
NA TJIPITUA
IAH TJOMBONDE
E TJIPUKA
AT MATENDA
Sponsor
The Standard Bank of South Africa

Date: 04-03-2024 12:01:00
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