Standard Bank Namibia Limited Registration No. 2006/306 Registered in Namibia (“SBN Holdings Limited”) Issuer code: SBN02 ISIN no.: ZAG000178419 Issuer code: SBN03 ISIN no.: ZAG000178427 VOLUNTARY ANNOUNCEMENT Shareholders are referred to the voluntary announcement dated 6 April 2022 where SBN Holdings Ltd advised shareholders that Standard Bank Namibia Limited (Standard Bank), a 100% owned subsidiary of SBN Holdings Limited (the Company), had entered into negotiations. With regard to these negotiations Shareholders are hereby advised that Standard Bank Namibia Limited signed a Share Acquisition Agreement (“SAA”) with Spearmint Investments (Pty) Ltd (“Spearmint”), each of the property-owning entities and related shareholders, as a debt settlement transaction to reduce non- performing loans. Spearmint is a 100% owned subsidiary of Standard Bank Namibia Limited and will own 100% of the total issued share capital of all the property-owning entities related to the negotiations. All the conditions precedent to the SAA have been fulfilled and the acquisition of the property-owning entities has become unconditional and effective from 3 August 2022. The transaction will have no impact on the profit after tax, net cash flow and total assets. Subsequent to the effective date the sale of these property-owning entities might have an impact on the financial results, financial position and cash flow of Standard Bank and the Company. Regulatory approvals from the Bank of Namibia, Namibia Competition Commission and the South African Reserve Bank have been obtained. 6 September 2022 Registered Office 1 Chasie Street, Windhoek, Namibia AUDITORS PricewaterhouseCoopers, 344 Independence Avenue, Windhoek, Namibia. BOARD OF DIRECTORS: HERBERT MAIER (CHAIRMAN) ISAC TJOMBONDE JERRY MUADINOHAMBA PETER SCHLEBUSCH NATASHA BASSINGTHWAIGHTE BIRGIT ROSSOUW MARIA SHIVUTE DAX ALPHEUS MANGALE MERCIA GEISES LETITEA DU PLESSIS DEBT SPONSOR IN SOUTH AFRICA Standard Bank of South Africa Limited