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Update On Changes To Senior Executive Management
STANDARD BANK GROUP LIMITED
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
Website: http://www.standardbank.com
SHARE CODES
JSE and A2X share code: SBK
ISIN: ZAE000109815
NSX share code: SNB
SBKP ZAE000038881 (First preference shares)
SBPP ZAE000056339 (Second preference shares)
JSE bond code: SBKI
("Standard Bank Group" or "the Group")
THE STANDARD BANK OF SOUTH AFRICA LIMITED
Registration number 1962/000738/06
Incorporated in the Republic of South Africa
JSE bond code: BISTDB
("SBSA")
UPDATE ON CHANGES TO SENIOR EXECUTIVE MANAGEMENT
Following the Group's announcement on 17 March 2025, in which Kenny Fihla's resignation from
Standard Bank Group and SBSA was announced, shareholders and noteholders are hereby informed
that Kenny Fihla has resigned as an executive director of SBSA; as a member of Group and SBSA
board committees; and as non-executive director of Stanbic Africa Holdings Limited and ICBC Standard
Bank Plc, with effect from 8 April 2025. Kenny will remain an employee of the Group and continue to
serve his contractual notice period on garden leave until 13 June 2025.
Sim Tshabalala, who is currently an executive director of Standard Bank Group and SBSA, has been
appointed as Interim Chief Executive of SBSA with effect from 8 April 2025, subject to regulatory
approval. Accordingly, Sim will serve in a dual capacity as Chief Executive of both Standard Bank Group
and SBSA, and as executive director on the boards of both companies until such time as the boards
make further announcements regarding executive succession planning.
Shareholders are further advised that Lungisa Fuzile, the current Regional Chief Executive of the
Group's South & Central Region, has been appointed as Interim Chief Executive of Africa Regions &
Offshore with effect from 8 April 2025, subject to regulatory approval. Lungisa Fuzile will report to the
Group Chief Executive, Sim Tshabalala.
Johannesburg
8 April 2025
JSE sponsor
The Standard Bank of South Africa Limited
Namibian sponsor
Simonis Storm Securities (Proprietary) Limited
Date: 08-04-2025 05:00:00
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