NBSX: FST - Appointment of an independent non-executive director

By Namibia Stock Exchange

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Appointment of an independent non-executive director

FIRSTRAND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share code: FSR; ISIN code: ZAE000066304 NSX ordinary share code: FST JSE company code interest rate issuer: FSDI LEI: 529900XYOP8CUZU7R671 (FirstRand or the group)

APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

In accordance with paragraphs 6.71(a) of the JSE Limited (JSE) Listings Requirements and 6.42(a) of the JSE Debt and Specialist Securities Listings Requirements, shareholders and noteholders are advised that Dr Solomon Assefa has been appointed as an independent non-executive director to FirstRand’s board of directors (board) with effect from 1 October 2026.

Dr Solomon Assefa holds degrees in electrical engineering, computer science and physics, including a Ph.D. from the Massachusetts Institute of Technology (MIT). His appointment to the board adds extensive experience in global research and development, emerging technologies and commercialising innovation. As a former Vice President at IBM Research, he led several global initiatives, including the establishment of IBM’s research presence in Africa. He is also the founder of Viridian Partners, which supports the development and commercialisation of frontier technologies.

FirstRand confirms that Dr Assefa’s appointment was made in accordance with the group’s nomination policy for the selection and nomination of non-executive directors. In accordance with paragraphs 6.73 and 6.74 of the JSE Listings Requirements, the board has assessed Dr Assefa’s fit and proper status and is satisfied with the outcome of the assessment and further confirms that there are no matters requiring disclosure in relation to the integrity information contained in Dr Assefa’s director's declaration.

Dr Assefa’s appointment deepens the FirstRand’s boards skills with regards to critical topics such as technology strategy, AI and other global technological trends pertinent to the financial services industry. The board congratulates Dr Assefa on his appointment and looks forward to his valuable contribution.

Sandton 29 September 2026

Sponsor Rand Merchant Bank (a division of FirstRand Bank Limited)

Debt sponsor FirstRand Bank Limited Date: 29/09/2026 05:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').

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