SBN Holdings Limited (Incorporated in the Republic of Namibia) (Registration number: 2006/306) ISIN: NA000A2PQ3N5 Share Code (NSX): SNO SBN Holdings or the Company APPOINTMENT OF ACTING CHIEF FINANCIAL OFFICER (CFO) We refer to the announcement issued on 30 November 2022 advising the Shareholders of the resignation of the Chief Financial Officer of the Company with effect 1 May 2023. Further reference is made to the related announcement issued on 12 May 2023, notifying the Shareholders that the Company has commenced the recruitment process for the CFO position, subject to regulatory approval. In accordance with paragraph 6.39 of the JSE Debt Listings Requirements, noteholders are hereby advised of the appointment of the Acting Chief Financial Officer, Ms. Elizabeth du Toit with effect from 18 August 2023. Regulatory approval for the aforementioned appointment was obtained effective 18 August 2023 for a period of six months. Ms du Toit currently holds the position of Head: Financial Accounting in the Company. By order of the Board 21 August 2023 Registered Office Standard Bank Namibia Limited 1, Chasie Street, Kleine Kuppe, Windhoek P.O. Box 3327, Windhoek, Namibia Debt Sponsor The Standard Bank of South Africa