Capitec Bank Holdings Limited
Registration number 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
("Capitec")

Capitec Bank Limited
Registration number 1980/003695/06
Incorporated in the Republic of South Africa
Registered bank
Company code: BICAP
(“Capitec Bank”)

CHANGES TO THE BOARDS AND BOARD COMMITTEES OF CAPITEC AND
CAPITEC BANK

In accordance with paragraphs 3.59 and 6.39 of the JSE Limited
Listings and Debt Listings Requirements, the boards of Capitec
and Capitec Bank (“the Boards”) are pleased to announce the
appointments of Mses. Naidene Ford-Hoon and Nadya Bhettay to
the Boards effective 07 September 2023. The appointments were
made pursuant to the policy dealing with the nomination of
directors of Capitec Bank.

The appointments of Mses. Ford-Hoon and Bhettay as independent
non-executive directors will strengthen independent oversight
on the board and further deepen the boards’ collective financial
technical skill, insurance, and information technology and
digital experience and expertise.

Summary of Naidene Ford-Hoon’s curriculum vitae:

Naidene holds a BCom and B Compt Hons, and is a chartered
account with over 25 years work experience, mainly in finance
divisions as head of the finance functions, ensuring sound
governance and accountability. She has extensive experience in
the financial services sector. She has served as the Group CFO
of the South African Reserve Bank (“SARB”) and Alexander Forbes
Group Holdings Limited, the Financial Director of AFGRI
Financial Services (Pty) Ltd and has served on the board of
Telkom SOC Limited. She currently serves on the Boards of SA
Corporate Real Estate Limited, Independent Regulatory Board for
Auditors (“IRBA”) and Knysna Initiative for Learning and
Teaching.
Summary of Nadya Bhettay’s curriculum vitae:

Nadya holds a Bachelor of Business Science (Finance) and Post
Graduate Diploma in Accounting and is a chartered accountant
with extensive experience in mergers and acquisitions,
strategic implementation and business operations management in
the telecommunications and technology industries. She has
served as Finance Director for Vodafone Ireland, Chief Strategy
and Business Development Officer for the Vodacom Group and Chief
Operations Officer for Vodacom Business Ventures and Strategic
Partnerships. She currently serves on the board of Endeavour
South Africa.

Changes to the Audit Committees effective 07 September 2023:

Mses. Ford-Hoon and Bhettay were appointed to the Audit
Committees of Capitec and Capitec Bank. Following their
appointments, the Audit Committees will comprise of the
following members:

Capitec: Jean Pierre Verster (chairman), Nadya Bhettay, Stan du
Plessis, Cora Fernandez, Naidene Ford-Hoon and Emma Mashilwane
(stepping down on 30 September 2023, as announced on SENS on
25 April 2023).

Capitec Bank: Jean Pierre Verster (chairman), Nadya Bhettay,
Stan du Plessis, Naidene Ford-Hoon and Emma Mashilwane (stepping
down on 30 September 2023, as announced on SENS on
25 April 2023).


07 September 2023
Stellenbosch

Capitec Equity Sponsor: PSG Capital Proprietary Limited
Capitec Bank Debt Sponsor: PSG Capital Proprietary
Limited