NBSX: CGP - Capricorn Group Limited – Capricorn Group's Namibian credit ratings and Bank Windhoek Limited's Namibian and South African credit ratings affirmed with stable outlook

===================== Capricorn Group Limited – Capricorn Group's Namibian credit ratings and Bank Windhoek Limited's Namibian and South African credit ratings affirmed with stable outlook

Capricorn Group Limited (Incorporated in the Republic of Namibia) (Date of Registration: 5 September 1996) (Registration Number: 96/300) Share code: CGP ISIN: NA000A1T6SV9 (“Capricorn Group” or “the Group“)

CAPRICORN GROUP’S NAMIBIAN CREDIT RATINGS AND BANK WINDHOEK LIMITED’S NAMIBIAN AND SOUTH AFRICAN CREDIT RATINGS AFFIRMED WITH STABLE OUTLOOK

Shareholders and noteholders are advised that the rating agency Global Credit Rating Company (“GCR”) has reviewed the Namibian ratings of Capricorn Group and the Namibian and South African ratings of Bank Windhoek Limited (“Bank Windhoek”).

Capricorn Group’s Namibian long-term national scale issuer rating was affirmed at AA(NA) with a stable outlook. The short-term issuer rating was affirmed at A1+(NA).

Bank Windhoek’s Namibian long-term national scale issuer rating was affirmed at AA+(NA). The short-term issuer rating was affirmed at A1+(NA). At the same time, the South African long-term issuer rating was affirmed at A+(ZA). The rating outlook remains Stable.

The report can be viewed on Capricorn Group’s website at: Global Credit Rating Report

By order of the Board 30 September 2026

Sponsor

PSG Wealth Management (Namibia) (Pty) Ltd Member of the Namibia Securities Exchange

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