AFRICAN BANK HOLDINGS LIMITED - ABLI ABKI - Changes to the Audit and Compliance Committee of African Bank Limited and African Bank Holdings Limited

ABLI ABKI - Changes to the Audit and Compliance Committee of African Bank Limited and African Bank Holdings Limited

AFRICAN BANK LIMITED
(Incorporated in the Republic of South Africa)
(Registered Bank)
(Registration No. 2014/176899/06)
LEI: 2549008X8SL1B1J86F98
Company code: ABKI
(the "Bank" or "African Bank")

AFRICAN BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No.: 2014/176855/06)
Company code: ABLI
LEI: 254900UUEMIK0XL5A056
("ABHL" or the "Group")

CHANGES TO THE AUDIT AND COMPLIANCE COMMITTEE OF AFRICAN BANK LIMITED ("ABL") AND AFRICAN BANK HOLDINGS LIMITED ("ABHL")

In accordance with paragraphs 6.42(c) and 7.3(a) of the JSE Limited Debt and Specialist Securities Listings Requirements, 
noteholders are hereby advised by the Board of Directors of African Bank Holdings Limited and African Bank Limited ("Board") 
that Mr. David Brian O'Brien ("Mr. O'Brien") has been appointed as member of the Audit and Compliance Committee with effect 
from 01 August 2025 and a as result of an ongoing review process, by the Directors Affairs and Governance Committee, with 
regard to the composition of the Board and Board Committees as well as the need for succession planning and renewal
and aims to align the Company with Corporate Governance best practices.

Mr. O'Brien holds a Bachelor of Science (BSc) (Actuarial Science) from The City University, London, a Postgraduate Diploma 
(PG Dip) (Financial Planning) from the University of Free State (UFS) and a Professional Diploma (Financial Advice & Financial 
Planning) from the University College of Dublin (UCD) (Ireland).

As a qualified actuary with 27 years' experience in the financial services industry, Mr. O'Brien's previous work experience with 
Old Mutual included his roles as General Manager: Customer Engagement & Digital, and Acting Marketing Director. He is a member
of the board of trustees at The Learning Initiative Trust where he supports his personal vision by using occupational, speech and 
other therapy to improve early childhood development in underdeveloped children. He is Founder and Director of Meerkat, a black
owned business that delivers financial wellness through simple solutions delivered by digital technology.

The Board welcomes Mr. O'Brien to the Audit and Compliance Committee and looks forward to his contribution.

01 August 2025

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 01-08-2025 02:30:00
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