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SBN Holdings Limited
(Incorporated in the Republic of Namibia)
(Registration number: 2006/306)
Bond Codes: SBN02: ZAG000178419
SBN03: ZAG000178427
(“SBN Holdings” or “the Company or “the Issuer” ”)
APPOINTMENT OF DIRECTORS
In accordance with paragraph 6.39 of the JSE Debt Listings Requirements, Noteholders are hereby
advised of the following changes to the Company:
1. We refer to the SENS issued on 27 December 2023 regarding the extension of tenure of the
Chairman of the Board of directors of the Company. Noteholders are hereby informed that Mr.
Isac Tjombonde has been appointed as the Board Chairman of SBN Holdings Limited and
Standard Bank Namibia Limited with effect 01 April 2024. Mr. Tjombonde currently holds the
position of independent non-executive director in the Company. Regulatory approval for the
appointment was obtained effective 05 February 2024. Mr. Herbert Maier will stay on the Board
as an Independent Non-Executive Director and will retire from the Board of directors of SBN
Holdings Limited and Standard Bank Namibia with effect 23 April 2024.
2. Mr. Siphiwe Themba Bruce Madonsela has been appointed as Non-Executive Director of SBN
Holdings Limited and Standard Bank Namibia Limited. Mr. Madonsela currently holds the
position of Executive-Regional Chief Financial Officer in the Standard Bank Group. Regulatory
approval for the appointment was obtained effective 02 February 2024.
3. Reference is further made to the SENS issued on 21 August 2023 regarding the appointment
of the Acting Chief Financial Officer of the Company. Shareholders are hereby informed that
Mr. Arlington Tendai Matenda has been appointed as Chief Financial Officer (Executive
Director) of SBN Holdings Limited and Standard Bank Namibia Limited with effect from 05
February 2024 Mr. Matenda currently holds the position of Chief Risk Officer in the Company.
Regulatory approval for the appointment was obtained effective 02 February 2024.
The appointments are in line with the Issuer’s Nomination Policy will be ratified by Shareholders at the
next Annual General Meeting of the Company.
We congratulate Mr. Tjombonde on his appointment as Board Chairperson and further welcome
Messrs. Madonsela and Matenda to the board of directors of the company.
By order of the Board
06 February 2024
Registered Office
Standard Bank Namibia Limited
1, Chasie Street, Kleine Kuppe, Windhoek
P.O. Box 3327, Windhoek, Namibia
JSE Debt Sponsor
The Standard Bank of South Africa Limited
