Capitec Bank Holdings Limited announced the appointments of Mses. Naidene Ford-Hoon and Nadya Bhettay to the Board 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. 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.

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. 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).