BANK WINDHOEK LIMITED - Leadership announcement

Leadership announcement

BANK WINDHOEK LIMITED
(Incorporated in the Republic of Namibia)
Company Alpha Code: BWHIN
("Bank Windhoek" or the "Bank")

LEADERSHIP ANNOUNCEMENT

Following the announcement on 4 September 2024 that Ms Baronice Hans will complete her tenure
as Managing Director of Bank Windhoek Limited at the end of June 2025 and the commencement
of a comprehensive talent search to find a suitable successor, the Board of Directors ("Board") of
Capricorn Group Limited ("Capricorn Group"), the holding company of Bank Windhoek, is pleased
to announce the appointment of Mr James Chapman as Managing Director Designate of Bank
Windhoek with effect from 1 February 2025. The appointment was made in accordance with the
policy dealing with the nomination of directors of Bank Windhoek. Regulatory approval for the
appointment has been obtained. He will work closely with Ms Hans until 30 June 2025 to ensure a
smooth transition of leadership and handover of responsibilities for when he takes over as Managing
Director on 1 July 2025.

James Chapman has been part of Capricorn Group and Bank Windhoek for the past 11 years and
has served in various Executive roles. For the past 4 years he has served as the Bank's Executive
Officer for Retail Banking Services and Specialist Finance, the largest customer-facing business unit
in the Bank. He also served as Chief Financial Officer of Bank Windhoek for the 4 years preceding
his tenure in Retail Banking Services.

A Chartered Accountant by profession, he holds a bachelor's degree (BAcc) and a Postgraduate
Diploma in Accounting (PDA) from the University of Stellenbosch. He serves on Bank Windhoek's
Executive Management Team as well as director on various boards within Capricorn Group including
Santam Namibia Limited.

On behalf of the Board, management and staff of Bank Windhoek and the entire Capricorn Group,
the Board would like to congratulate James Chapman on his appointment as the Managing Director
Designate of Bank Windhoek. The Board is confident that he will add tremendous value and build
on the success of Bank Windhoek achieved under the leadership of Baronice Hans and her
predecessors. With his strong leadership and business acumen, a solid foundation in both banking
and financial management disciplines and a strong track record of delivering growth and
implementing change, the Board is confident that James will lead Bank Windhoek successfully into
the future.

7 January 2025

Debt Sponsor
PSG Capital
Date: 07-01-2025 04:00:00
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