STANDARD BANK NAMIBIA LIMITED - APPOINTMENT OF A DIRECTOR

APPOINTMENT OF A DIRECTOR

Standard Bank Namibia Limited
(Incorporated in the Republic of Namibia)
(Registration number: 78/01799)
Issuer Code: STINM
SBN Limited


APPOINTMENT OF A DIRECTOR

In terms of paragraph 6.42(a) of the JSE Limited Debt and Specialist Securities Listings ("DSS")
Requirements, noteholders are hereby advised that Mr. Festus Francisco Hangula ("Mr. Hangula") has
been appointed to the board of directors of SBN Holdings and SBN Limited as an Independent Non-
Executive Director.

Regulatory approval for the appointment has been obtained, and the appointment is effective
3 August 2026.

The appointment was made pursuant to the issuer's Policy on the Nomination of Directors, following
the prescribed nomination, assessment, and approval processes, and supports the Board's ongoing
commitment to maintaining an appropriate balance of skills, experience, and diversity.

The profile is outlined below.

Name: Mr. Festus Francisco Hangula
Qualifications:
           ?   MBA in Finance, Manchester Business School and University of Wales, UK, 1999
           ?   Bachelor of Business Administration degree (Cum Laude), Concordia College,
               Moorhead, Minnesota, USA, 1990
         ?     MEFMI Graduate Fellow (Distinction), Harare, Zimbabwe
Experience:
Mr. Hangula is the Executive Director of the Namibia Petroleum Operators Association (NAMPOA) and
a seasoned executive with more than 30 years of professional experience, including over 20 years in
chief executive-level leadership roles. His career spans banking, financial services, logistics, and public
sector administration.
He previously served as Chief Executive Officer of NamPost and the Social Security Commission (SSC)
and held senior executive positions at First National Bank Namibia and the Bank of Namibia. His areas
of expertise include investment management, treasury and risk management, asset and liability
management, international business, and corporate governance.
Mr. Hangula holds a Bachelor of Business Administration degree (Cum Laude) from Concordia College,
USA; an MBA in Finance from Manchester Business School and the University of Wales with a thesis
on interest rate risk management (Distinction), UK; and is a MEFMI Fellow (Distinction) specialising in
Investment Management.
Directorships:
?     Executive Director, NAMPOA, (since January 2026)
?     Non-Executive Director, Retirement Fund Solutions (RFS), (since January 2011)
?     Member, Impala Investments CC (since April 2005)
?     Non-executive Director, PhinCon Enterprises (Pty) Ltd (since March 2003)
      Non-executive Director, Falcon Investments (Pty) Ltd (a holding company of PhinCon
      Enterprises) (since March 2002).
We welcome Mr. Festus Francisco Hangula to the board of directors of Standard Bank Namibia Limited.

By order of the Board
31 July 2026


Registered Office
Standard Bank Namibia Limited
1, Chasie Street, Kleine Kuppe, Windhoek
P.O. Box 3327, Windhoek, Namibia

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


Debt Sponsor
The Standard Bank of South Africa Limited

Date: 31-07-2026 04:00:00
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