BANK WINDHOEK LIMITED - Change in leadership

Change in leadership

BANK WINDHOEK LIMITED
(Incorporated in the Republic of Namibia)
Company Alpha Code: BWHIN
("Bank Windhoek" or the "Issuer")

CHANGE IN LEADERSHIP

The Issuer hereby advises that Ms. Baronice Hans will complete her tenure as Managing Director of
Bank Windhoek at the end of June 2025 having served with distinction since 1 July 2016. Over
Ms. Hans' 8-year tenure to date, she has led Bank Windhoek through challenging economic and
social conditions, including the Covid-19 pandemic, with unwavering dedication and resilience.
Under her stewardship, Bank Windhoek has not only navigated these challenges, but has also
experienced significant growth and success.

As the conclusion of Ms. Hans' tenure approaches, the Board of Directors of Capricorn Group
Limited ("Capricorn Board"), the holding company of Bank Windhoek, recognised the need to
proactively commence with a transparent recruitment process to allow enough time for a
comprehensive talent search, to find a suitable successor who will continue to build on the strong
foundation she has established. To ensure a seamless transition of leadership, it is the intention of
the Capricorn Board to appoint a suitably qualified successor as Managing Director: Designate by
1 February 2025, in order to fill the position substantively from 1 July 2025.

The Capricorn Board expressed their deepest appreciation to Ms. Hans for the strong foundation
she has laid for Bank Windhoek's future growth and for her commitment to ensuring a responsible
and seamless leadership transition.

The recruitment process for a successor to Ms. Hans has been initiated, and further announcements
will be made once the internal governance and regulatory approvals have been obtained.

4 September 2024

Debt Sponsor
PSG Capital

Date: 04-09-2024 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.