BANK WINDHOEK LIMITED - Bank Windhoeks Namibian And South African Credit Ratings Upgraded And With Stable Outlook

Bank Windhoek’s Namibian And South African Credit Ratings Upgraded And With Stable Outlook

BANK WINDHOEK LIMITED
(Incorporated in the Republic of Namibia)
Company Alpha Code: BWHIN
("Bank Windhoek" or the "Issuer")


BANK WINDHOEK'S NAMIBIAN AND SOUTH AFRICAN CREDIT RATINGS UPGRADED AND
WITH STABLE OUTLOOK

Noteholders are advised that the rating agency Global Credit Rating Company ("GCR") has
reviewed the Namibian and South African ratings of Bank Windhoek.

Bank Windhoek's Namibian long-term national scale issuer rating was upgraded to AA+(NA) from
AA(NA). The short-term issuer rating was affirmed at A1+(NA). At the same time, the South African
long term issuer rating has been upgraded to A+(ZA) from A(ZA). The rating outlooks remain Stable.

The report can be viewed on Bank Windhoek's website:
https://www.bankwindhoek.com.na/Pages/About-Us/Corporate-Profile.aspx

1 October 2025

Debt Sponsor
PSG Capital

Date: 01-10-2025 03:00:00
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