Publication Of Annual Financial Statements For The Year Ended 30 June 2019 Bank Windhoek Limited (Incorporated in the Republic of Namibia) Stock Code: BWZ20A ISIN Code: ZAG000124843 Bank Windhoek Limited (Incorporated in the Republic of Namibia) Stock Code: BWZJ19 ISIN Code: ZAG000140278 Bank Windhoek Limited (Incorporated in the Republic of Namibia) Stock Code: BWZJ21 ISIN Code: ZAG000140286 BANK WINDHOEK LIMITED (Incorporated in the Republic of Namibia) Stock Code: BWZ21B ISIN Code: ZAG000150459 BANK WINDHOEK LIMITED (Incorporated in the Republic of Namibia) Stock Code: BWZJ23 ISIN Code: ZAG000155508 (“the Company”) PUBLICATION OF ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2019 Noteholders are hereby advised that the annual financial statements of the Company for the year ended 30 June 2019, including the unqualified audit reports of PricewaterhouseCoopers, the registered auditors of the Company, are available on the Company’s website at: https://www.bankwindhoek.com.na/Reports/2019%20Bank%20Windhoek%20An nual%20Report.pdf or may be requested and obtained in person, at no charge, at the registered office of the Company during office hours. The cash flow statement for the 2018 financial year was restated due to the coupon payments on other borrowings and debt securities in issue being classified as one of the core revenue producing activities of the group. Coupon payments was previously classified within financing activities. The group has restated the disclosure of coupon payments on other borrowings and debt securities in issue from financing activities to operating activities. Unrealised gains and losses arising from changes in foreign currency exchange rates are not cash flows. The effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency is reported in the statement of cash flows in order to reconcile cash and cash equivalents at the beginning and the end of the period. This amount is presented separately from cash flows from operating, investing and financing activities and includes the differences, if any, had those cash flows been reported at end of period exchange rates. Bank Windhoek has restated the disclosure in the cash flow statement to show the effect of exchange rate changes on cash and cash equivalents held or due in a foreign currency in terms of IAS 7. 30 September 2019 Debt Sponsor PSG Capital Date: 30/09/2019 01:55:00 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.