SBN : Notice of Non-Executive Director Appointment

SBN Holdings Limited

(Incorporated in the Republic of Namibia)(Registration number 2006/306) ISIN: NA000A2PQ3N5

Share Code (NSX): SNO

SBN Holdings or the Company

APPOINTMENT OF DIRECTOR

Following the results announcement of the Annual General Meeting dated 22 April 2022, ordinary resolution 5 elected the following candidate as an Independent Non-Executive Director of the Company subject to regulatory approval for the appointment being obtained.

Number of votes

	For*	Against*	Abstain*
Ordinary Resolution
Ordinary Resolution 5
To elect the following candidate as an Independent Non-Executive
Director of the Company subject to regulatory approval for the
appointment being obtained
5.1 Silke Hornung	495,232,396		14,850
	(94.79%)	(0.00%)	(0.00%)

In accordance with rule 3.59 of the NSX Listings Requirements, Shareholders are hereby advised that regulatory approval was obtained and that Silke Hornung, has been appointed as a non-executive director to SBN Holdings Limited and Standard Bank Namibia Limited effective 26 July 2022.

We welcome Ms. Hornung to the board of directors of the company.

By order of the Board

11 August 2022

Registered Office

Standard Bank Namibia Limited

1, Chasie Street, Kleine Kuppe, Windhoek

P.O. Box 3327, Windhoek, Namibia

Sponsor

IJG Securities (Pty) Ltd

Member of the NSX 4th Floor, 1@Steps

c/o Grove and Chasie Street Kleine Kuppe

P O Box 186, Windhoek, Namibia Registration No. 95/505