SBN Limited - Voluntary Announcement Standard Bank Namibia Limited Registration No. 2006/306 Registered in Namibia (“SBN Holdings Limited”) Issuer code: SBN02 ISIN no.: ZAG000178419 Issuer code: SBN03 ISIN no.: ZAG000178427 VOLUNTARY ANNOUNCEMENT In accordance with paragraph 3.4(a) (i) and (ii) of the NSX Listings Requirements, an issuer must publish a statement when any circumstance(s) or event(s) arise that will have or is likely to have a material effect (either positive or negative) on the financial results, financial position or cash flow of such issuer and/or any of its material subsidiaries. Shareholders are therefore advised that Standard Bank Namibia Limited, a 100% owned subsidiary of SBN Holdings Limited (the company), has entered negotiations, which, if successfully concluded may have or are likely to have a material effect on the financial results, financial position, or cash flow of the subsidiary as well as the Company. The nature of the transaction is in the ordinary course of business for the subsidiary. Standard Bank Namibia Limited will acquire property-owning entities as part of a debt settlement transaction. The transaction is still subject to various regulatory approvals, including those from the Bank of Namibia, Namibian Competition Commission and the South African Reserve Bank and can only be implemented after these approvals have been received. By order of the board Mercia Geises Chief Executive 6 April 2022 Registered Office 1 Chasie Street, Windhoek, Namibia Directorate BOARD OF DIRECTORS: HERBERT MAIER (CHAIRMAN) ISAC TJOMBONDE JERRY MUADINOHAMBA PETER SCHLEBUSCH NATASHA BASSINGTHWAIGHTE BIRGIT ROSSOUW MARIA SHIVUTE DAX ALPHEUS MANGALE MERCIA GEISES LETITEA DU PLESSIS Debt Sponsor in South Africa Standard Bank of South Africa Limited Sponsor IJG Securities (Pty) Ltd Member of the NSX 4th Floor, 1@Steps c/o Grove and Chasie Street Kleine Kuppe P O Box 186, Windhoek, Namibia Registration No. 95/505 Date: 06-04-2022 04:50:00 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.