LETSHEGO HOLDINGS LIMITED - Letshego Holdings Limited - Appointment of GCRO Richard Ochieng

Letshego Holdings Limited - Appointment of GCRO Richard Ochieng

LETSHEGO HOLDINGS LIMITED
(Registration No. CO 98/442)
incorporated in the Republic of Botswana
(the Issuer)

JSE Bond Code: LHL28       ISIN: ZA000164856
JSE Bond Code: LHL30       ISIN: ZAG000174186



NOTICE TO ALL NOTEHOLDERS – SHAREHOLDER UPDATE

Letshego Holdings Limited ("LHL" I "the Group" I "Letshego") 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.

Letshego Holdings Limited is pleased to confirm the appointment of Richard Ochieng as Group Chief Risk
Officer for Letshego Holdings Ltd, effective March 2021.

As the Group’s Chief Risk Officer, Richard joins Letshego’s Group Executive Committee, providing senior
leadership for the Group’s Risk Function. Richard is responsible for enhancing and expanding the Group’s
integrated risk management framework across markets and functions.

Prior to joining Letshego, Richard was Standard Chartered’s Country Chief Risk Officer for Botswana and
Cluster Credit Head for Southern Africa for the international bank’s retail banking division. In this role, Richard’s
responsibilities included appraising and contributing to the development of Standard Chartered’s regional risk
strategy and risk appetite, as set out in the international group’s Enterprise Risk Management Framework
(ERMF), supporting country risk managers in the execution of robust corporate cost and impairment forecasts,
and fostering a performance management and remuneration strategy that creates an appropriate risk culture
and discipline.

Richard joined Standard Chartered in 2001 in Kenya, swiftly climbing the ranks in strategic credit and risk
leadership roles in Kenya and across East Africa as a candidate in the global bank’s talent development
initiative. He relocated to Botswana to head up the Group’s Southern Africa Cluster Retail Risk Function in
2013.

Richard brings invaluable specialist skills and experience in building solid and resilient retail banking portfolios
across sub Saharan Africa, outperforming industries in risk returns. Amongst many accolades, Richard was
responsible for implementing a scientific risk decision framework for Standard Chartered’s unsecured retail
banking portfolio in Southern Africa, ensuring credit policy decisions are related directly to portfolio
segmentation and risk return. Richard’s skills are independently acknowledged with ongoing invitations from
country regulators to conduct risk training for regulatory management employees.



        Andrew Okai, Letshego’s Group Chief Executive commented, “We are delighted to have Richard on
        board – he brings a wealth of strategic and operational risk experience that will deliver value across
        our regional footprint, enhancing and evolving our management framework as we manage risk for
        today and well into our digital-first future.”


Richard holds a Bachelor of Science from Kenyatta University, with numerous additional international credit
and risk accreditations from Standard Chartered, that include Risk in Complex Transactions, Counter Party
Credit Risk, ICAAP and advanced credit risk and balance sheet management. Richard is a Certified Enterprise
Risk Management Professional (ERMCP) and is a member of Professional Risk Managers International
Association.



On behalf of Letshego Holdings Ltd,
ANDREW F OKAI
Group Chief Executive


25 March 2021


Johannesburg
Debt Sponsor
The Standard Bank of South Africa Limited

Date: 25-03-2021 05:35:00
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