CAPITEC BANK HOLDINGS LIMITED - Appointment of a Director on the Boards of Capitec and Capitec Bank

Appointment of a Director on the Boards of Capitec and Capitec Bank

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
("Capitec")

Capitec Bank Limited
Registration number 1980/003695/06
Incorporated in the Republic of South Africa
Registered bank
Company code: BICAP
("Capitec Bank")

APPOINTMENT OF A DIRECTOR ON THE BOARDS OF CAPITEC AND
CAPITEC BANK

In accordance with paragraphs 3.59 and 6.39 of the JSE Limited
Listings and Debt Listings Requirements, the boards of Capitec
and Capitec Bank ("the Boards") are pleased to announce the
appointment of Mr Raghuvir Rai ("Raghu") Malhotra as an
independent non-executive director to the Boards
effective 1 March 2025. The appointment was made pursuant to
the policy dealing with the nomination of directors of Capitec
Bank.

The appointment of Raghu as an independent non-executive
director will enhance independent oversight on the board and
further strengthen the board's experience and expertise to
support Capitec's payments and internationalisation
strategies.

Summary of Raghu's curriculum vitae:

Raghu holds an honours degree in Commerce and an MBA and is an
alumnus of the University of Delhi, University of Melbourne,
and Harvard Business School and is an international business,
technology, and finance executive with a proven track record
of over 3 decades in driving organizational impact and
elevating growth and profitability.

He joined Mastercard in 2000 and was integral in Mastercard's
growth and innovation journey, holding senior leadership roles
across multiple geographies and functions. Raghu has helped
lead the transformation of Mastercard from a product-led
credit card company into a multi-rail solution-oriented
technology organization. Raghu was a member of Mastercard's
Executive Leadership team, which sets and oversees the
company's strategy and Mastercard's Management Committee which
ensures the implementation and delivery of the company's
strategic priorities at a global scale. He recently retired as
President of Global Enterprise Growth at Mastercard.
10 February 2025
Stellenbosch

Capitec Equity Sponsor: PSG Capital Proprietary Limited
Capitec Bank Debt Sponsor: PSG Capital Proprietary
Limited

Date: 10-02-2025 11:30:00
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