BANK WINDHOEK LIMITED - Interest Rate Reset Announcement - BWZ20A

Interest Rate Reset Announcement - BWZ20A

Bank Windhoek Limited
(Incorporated in the Republic of Namibia)
Stock Code: BWZ20A
ISIN Code: ZAG000124843
(“Bank Windhoek”)

INTEREST RATE RESET ANNOUNCEMENT

BWZ20A      8.292% p.a. (3 month ZAR-Jibar of 6.142% plus 215
            bps) for the period 27 June 2015 to 27 September
            2015, payable on 27 September 2015 (Following*)
            Next reset: 27 September 2015

JIBAR rate as at 29 June: 3 Month 6.142%

* When the interest payment date falls on a non business day,
one of the following date conventions will be applied, as
specified for each individual bond:

1.   Following – This means that the interest will be paid on
     the first business day after the weekend or public
     holiday.

2.   Modified following – This means that the interest will be
     paid on the first business day after the weekend or public
     holiday. However, if the first business day after the
     weekend or public holiday falls in a new calendar month
     the last business day before the weekend / public holiday
     will be used instead.

3.   Preceding – This means that the interest will be paid on
     the last business day before the weekend or public
     holiday.

Dated 29 June 2015

Debt Sponsor
PSG Capital Proprietary Limited

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