LETSHEGO HOLDINGS LIMITED - Letshego Holdings-Board Changes

Letshego Holdings-Board Changes

Letshego Holdings Limited

Incorporated in the Republic of Botswana

Registration number 98/442

(JSE Code: “BILETS”)

(“Letshego Holdings” or “the     Company” or “the issuer”)

This announcement is being released on the Johannesburg Stock Exchange for
information purposes only in respect of Letshego Holdings Limited’s Note
Programme.

Letshego Holdings Limited ("LHL" I "the Company" I "Letshego Group") was
incorporated in 1998, is headquartered in Gaborone and has been publicly listed
on the Botswana Stock Exchange (BSE) since 2002.       Letshego is an inclusive
finance focused Group with microfinance banking and consumer lending subsidiaries
across eleven countries in sub-Saharan Africa.

Board Composition

Following the conclusion of regulatory approvals, the Letshego Group Board
confirms the appointment of Ronald Hoekman as Independent Non-Executive Group
Director.   Ronald is Letshego’s third recent appointment to the Group Board,
following the announcement of Philip Odera and Abiodun Odubola in December 2019.

Ronald brings more than 30 years of strategic financial expertise in risk
management, operations streamlining and data analytics integration, gained from
working in diverse financial sectors across North America, Central Eastern
Europe, South East Asia, Central Asia and sub Saharan Africa.

Leveraging his career achievements, Ronald now consults to leading institutions
who wish to bolster their existing risk frameworks to meet swiftly evolving,
international standards in effective risk management and reporting, while
optimising operational and data management efficiencies. Ronald has also advised
and consulted with multi-geography micro finance institutions to enhance their
credit and risk frameworks, resulting in robust and sustainable operating models,
fit for emerging market environments. Ronald’s clients include both public and
private entities, including the IFC and World Bank, while also supporting mobile
network operators as synergies in fintech attract multi-sector partners in
banking and financial channel delivery.         Ronald’s experience in diverse
environments and economies is vast, having worked in locations such as Equatorial
Guinea, Uzbekistan, the Czech Republic, Ukraine, and Azerbaijan.

Commenting on behalf of the Board, Letshego’s Group Chairman, Enos Banda said,
“Ronald’s appointment represents the conclusion of new appointments to the Group
Board.     The addition of three new Independent Non-Executive Directors
demonstrates the Board’s commitment to growing and building robust leadership
teams at all levels of our organisation.       Ronald Hoekman, Philip Odera and
Abiodun Odubola bring complimentary, senior advisory skills in risk management,
digitisation and fintech.    Following its expanded membership, the Board looks
forward to providing enhanced strategic value and fiduciary support to Letshego’s
regional operations.”


For and on behalf of the Board

E Banda

Group Chairman

                                                                                1
GABORONE, 26 February 2020



Debt sponsor in South Africa

Kea Sape: 0117215594 or kea.sape@standardbank.co.za

The Standard Bank of South Africa Limited, acting through its Corporate and
Investment Banking division




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Date: 26-02-2020 09:02:00
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