New Financial Instrument Listing Announcement Bank Windhoek Limited (Incorporated in the Republic of Namibia) Stock Code: BWZJ23 ISIN Code: ZAG000155508 (“Bank Windhoek”) NEW FINANCIAL INSTRUMENT LISTING ANNOUNCEMENT “BWZJ23” The JSE Limited has granted a listing to BANK WINDHOEK LIMITED on the Interest Rate Market with effect from 19 November 2018 under its Note Programme dated 12 November 2013. INSTRUMENT TYPE: FLOATING RATE NOTE Bond Code BWZJ23 Nominal Issued ZAR340,000,000.00 Issue Price 100% Coupon 3 Month JIBAR plus 190 bps Coupon Rate Indicator Floating Trade Type Price Final Maturity Date 19 November 2023 Books Close Date(s) 9 February, 9 May, 9 August, 9 November Interest Payment Date(s) 19 February, 19 May, 19 August, 19 November Last Day to Register By 17:00 on 8 February, 8 May, 8 August, 8 November Issue Date 19 November 2018 Date Convention Following Business Day Interest Commencement Date 19 November 2018 First Interest Payment Date 19 February 2019 ISIN No. ZAG000155508 Additional Information Senior Unsecured Floating Rate Notes Additional Terms and Conditions N/A Total notes in issue (excluding this issuance) R1 419 000 000.00 The note will be dematerialised in the Central Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. 16 November 2018 Debt Sponsor PSG Capital Proprietary Limited For further information on the Note issue please contact: Willie Honeyball PSG Capital +27 21 887 9602 Date: 16/11/2018 12:45:00 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.