FirstRand Namibia : NOTICE OF SPECIAL GENERAL MEETING

FirstRand Namibia Limited Incorporated in the Republic of Namibia (Registration number: 88/024)

ISIN: NA0003475176

Share Code (NSX): FNB ("the Company")

FIRSTRAND NAMIBIA LTD NOTICE OF SPECIAL GENERAL MEETING

Shareholders are hereby notified of the Special General Meeting to be held on 7 April 2022 at 14:30pm. The Meeting proposes the amendment of the Articles of Association of FirstRand Namibia Limited as follows:-

THAT Articles of the Company be amended by the insertion of Article 4.3:

4.3 Subject to the provisions of the Act1, and other provisions of the Articles of Association, the Company may by special resolution acquire its own shares.

Rationale for the proposed amendment of Articles of Association:

Shareholders are requested to vote for the amendment of articles to allow FirstRand Namibia Ltd to acquire its own shares. FirstRand Namibia Ltd, in its function to manage capital of the Group, considers various options to ensure sufficient albeit optimal levels of capital. In exercising capital management principles within the FirstRand Namibia Group, this includes the acquisition of its own shares. Any acquisition of own shares will be subject to a further special resolution where shareholders would be required to vote in favour or against the specific acquisition of shares.

The full Circular to shareholders is accessible from Tuesday 01 March 2022 on our website at https://www.fnbnamibia.com.na/downloads/namibia/finresults2022/FirstRand_Circular_2022.pdf

By order of the Board

01 March 2022

Nelago Makemba

Group Company Secretary

Windhoek

Sponsor:

Cirrus Securities (Pty) Ltd

Member of the NSX

35 Schanzen Road, Windhoek

PO Box 27

Windhoek

1 "the Act" means the Companies Act 28 of 2004, the Rules and Regulations passed in terms of this Act, any amendments thereto and any replacement thereof.