STANDARD BANK GROUP LIMITED - Changes To Directors Classification And Responsibilities

Changes To Directors’ Classification And Responsibilities

STANDARD BANK GROUP LIMITED
Registration number 1969/017128/06
Incorporated in the Republic of South Africa
Website: www.standardbank.com/reporting

SHARE CODES
JSE and A2X share code: SBK
ISIN: ZAE000109815
NSX share code: SNB

JSE share code: SBKP
ISIN: ZAE000038881 (First preference shares)
JSE share code: SBPP
ISIN: ZAE000056339 (Second preference shares)
JSE bond code: SBKI
("Standard Bank Group / the Group")

THE STANDARD BANK OF SOUTH AFRICA LIMITED
Registration number 1962/000738/06
Incorporated in the Republic of South Africa
Website: www.standardbank.com/reporting
JSE bond code: BISTDB
("SBSA")

CHANGES TO DIRECTORS' CLASSIFICATION AND RESPONSIBILITIES

In accordance with paragraph 3.59 of the JSE Listings Requirements and paragraph 6.42 of the JSE
Debt and Specialist Securities Listings Requirements, shareholders are advised of the following changes
to directors' classification and responsibilities, as approved by the Standard Bank Group Limited and The
Standard Bank of South Africa Limited Boards. These changes will take effect on 21 November 2025.

Update to directors' classification

The South African Reserve Bank (SARB) Prudential Authority's Directive 4 of 2018 (the Directive), which
came into effect in April 2020, applies to South African registered banks and their controlling companies.
In terms of paragraph 8.1.2.8, any independent non-executive director who has served on the board for a
period of nine years or longer and remains a member of the board after the aforementioned period, shall
for the purpose of the Directive be deemed to no longer be independent.

Jacko Maree, Trix Kennealy, Geraldine Fraser-Moleketi and Nomgando Matyumza were appointed to the
boards on 21 November 2016, and in terms of the provisions of the Directive, will be reclassified as
non-executive directors with effect from 21 November 2025. Accordingly, they will step down from the
following roles:

-   Jacko Maree will step down as Chairman of the Group Model Approval Committee but will remain a
    member until his retirement at the 2026 Group and SBSA Annual General Meetings (AGM).
-   Trix Kennealy will step down as Chairman and member of the Group and SBSA Audit Committees,
    as well as member of the Group and SBSA Directors' Affairs Committees. She will also step down as
    Chairman of the Group Remuneration Committee but will remain a member of this committee. In
    addition, Trix will step down from her role as Lead Independent Director.
-   Geraldine Fraser-Moleketi will step down as Chairman of the Group Social, Ethics and Sustainability
    Committee, as well as member of the Group and SBSA Directors' Affairs Committees. She will
    remain a member of the Group Social, Ethics and Sustainability Committee until her retirement at the
    2026 Group and SBSA AGMs.
-   Nomgando Matyumza will step down as member of the Group and SBSA Audit Committees and
    Group and SBSA Directors' Affairs Committees. She will retire at the 2026 Group and SBSA AGMs.

Board Committee appointments

In line with the Group's board succession plan, the following appointments will take effect from
21 November 2025:

-   Lwazi Bam will be appointed as Lead Independent Director, Chairman of the Group Remuneration
    Committee, and member of the Group and SBSA Directors' Affairs Committees. He will step down
    as member of the Group and SBSA Large Exposure Credit Committees.
-   Heather Berrange will be appointed as Chairman of the Group and SBSA Audit Committees and
    member of the Group Model Approval Committee.
-   Paul Cook will be appointed as Chairman of the Group Model Approval Committee.
-   Sola David-Borha will be appointed as Chairman of the Group Social, Ethics and Sustainability
    Committee.
-   Rose Ogega will be appointed as a member of the Group Social, Ethics and Sustainability Committee
    and the Group Information Technology Committee.

The Boards express their appreciation to outgoing chairmen and members for their invaluable
contribution during their tenure on the various board committees and extend best wishes to directors who
will be assuming new roles and responsibilities.


Johannesburg
18 November 2025

JSE sponsor
The Standard Bank of South Africa Limited

Namibian sponsor
Simonis Storm Securities (Proprietary) Limited

Date: 18-11-2025 05:31:00
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