STANDARD BANK NAMIBIA LIMITED - Standard Bank Namibia Limited - Resignation Of Chief Executive

Standard Bank Namibia Limited - Resignation Of Chief Executive

Standard Bank Namibia Limited
Incorporated in the Republic of Namibia
Registration number: 78/01799
(“The Company”)

Issuer code: SBN01 ISIN no.: ZAG000152927


Resignation Of Chief Executive

Noteholders are hereby advised that, Mr. Vetumbuavi Mungunda, has advised that he wishes
to step down as Chief Executive and leave the SBN Holdings Group with effect from 1 May
2021 to pursue other professional interests.

This advance notice will allow for a well-planned, smooth transition process and sufficient time
for a suitable candidate to be found and to support an orderly transition.

This will help to ensure that our valued clients and our operations are not impacted by the
change in leadership. The Board will commence the process of appointing a successor to Mr.
Mungunda and a further announcement will be made in due course.

The Board expresses its profound gratitude for Mr. Mungunda’s outstanding leadership and
track record and wishes him every success in the future.

Johannesburg

21 August 2020
Debt Sponsor
The Standard Bank of South Africa Limited

Date: 21-08-2020 09:35:00
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