Building Societies Regulations

N$47.20 WINDHOEK - 20 March 2026 No. 8867 GOVERNMENT GAZETTE OF THE REPUBLIC OF NAMIBIA CONTENTS Page GOVERNMENT NOTICE No. 109 Building Societies Regulations: Building Societies Act, 1986............................................................... 1

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Government Notice MINISTRY OF FINANCE No. 109 2026 BUILDING SOCIETIES REGULATIONS: BUILDING SOCIETIES ACT, 1986 Under section 78 of the Building Societies Act, 1986 (Act No. 2 of 1986), I have – (a) made the regulations set out in the Schedule; and (b) repealed the Regulations made under the Building Societies Act, 1965 published in General Notice No. R.1039 of 19 May 1980. ERICAH SHAFUDAH MINISTER OF FINANCE Windhoek, 9 February 2026

2 Government Gazette 20 March 2026 8867 SCHEDULE ARRANGEMENT OF REGULATIONS

1. Definitions
2. Application of regulations
3. Application for registration of building society
4. Granting or refusal of application for registration of building society
5. Annual licence
6. Application for approval of appointment of auditors of building society
7. Role of engagement partner of audit firm appointed by building society
8. Approval of appointment of auditor
9. Monthly returns
10. Annual accounts
11. Purchase of property by officer of building society
12. Manner in which and time within which appeals to Minister must be lodged Definitions
13. In these regulations, a word or an expression to which a meaning has been assigned in the Act bears that meaning and, unless the context otherwise indicates – “applicant” means an association of persons who desire to establish a building society; “engagement partner” means a partner or other person in an audit firm who is responsible for the audit engagement and its performance, and for the auditor’s report that is issued on behalf of the audit firm, and who is registered as an auditor and accountant under the Public Accountants and Auditors Act, 1951 (Act No. 51 of 1951); “Minister” means the Minister responsible for finance; “Namibia Revenue Agency” means a revenue agency referred to in section 2(1) of the Namibia Revenue Agency Act, 2017 (Act No. 2 of 2017); “quality assurance review report” means a report issued to an auditor by the Public Accountants and Auditors Board after it has conducted a quality review of that auditor; and “the Act” means the Building Societies Act, 1986 (Act. No. 2 of 1986). Application of regulations
14. These regulations apply to associations of persons desiring to establish a building society, and to building societies registered, in terms of section 4 of the Act. Application for registration of building society
15. An application made in terms of section 4(1) of the Act for the registration of a building society must be – (a) made on a form which is substantially similar to the form set out in Annexure 1; and (b) accompanied by a non-refundable fee of N$17 500.

8867 Government Gazette 20 March 2026 3 Granting or refusal of application for registration of building society 4. (1) After having considered an application for registration, the registrar – (a) may – (i) refuse the application; (ii) approve the application without conditions; or (iii) approve the application with conditions; (b) must in writing inform the applicant of his or her decision under paragraph (a); and (c) must in writing inform the applicant of the reasons for his or her decision under sub￾paragraph (i) or (iii) of paragraph (a). Annual licence 5. (1) A registered building society must pay an annual licence fee of N$25 to the Namibia Revenue Agency on or before 31 January of each year. (2) Subject to subregulation (1), the registrar must furnish a building society with an annual licence for that year. Application for approval of appointment of auditors of building society 6. If a building society applies under section 61(17) of the Act for the approval of the appointment of an auditor, the application must be accompanied by – (a) a certified copy of the identity document of its engagement partner; (b) a certificate of conduct of its engagement partner that is issued by the Namibian Police and is not older than six months; (c) certified copies of the academic qualifications of its engagement partner; (d) a comprehensive and signed curriculum vitae of its engagement partner; (e) a valid work permit of its engagement partner, if the engagement partner is not a Namibian citizen or permanent resident; and (f) a comprehensive list of institutions audited by the audit firm within the past five years immediately preceding the application. Role of engagement partner of audit firm appointed by building society 7. (1) An engagement partner of an audit firm appointed by a building society is responsible for the audit engagement and performance relating to the building society and for the auditor’s report to be issued on behalf of the audit firm. (2) An engagement partner referred to in subregulation (1) must – (a) have the professional competence to conduct audits;

4 Government Gazette 20 March 2026 8867 (b) have been registered as an accountant and auditor by the Public Accountants and Auditors Board, and issued with a certificate of registration, in terms of section 23(2) of the Public Accountants’ and Auditors’ Act, 1951 (Act No. 51 of 1951); (c) be independent from the building society, its management and its shareholders; (d) be a person of integrity; and (e) be a fit and proper person for purposes of conducting audits. Approval of appointment of auditor 8. The registrar must approve the appointment of an audit firm nominated for appointment as an auditor of a building society if the registrar is satisfied that the audit firm – (a) has the professional competence to conduct audits; (b) is registered as an accountant and auditor by the Public Accountants and Auditors Board, and issued with a certificate of registration, in terms of section 23(2) of the Public Accountants’ and Auditors’ Act, 1951 (Act No. 51 of 1951); (c) has a declaration by at least two audit partners stating that the audit firm is financially sound and has adequate resources to carry out the audit; (d) has a favourable quality assurance review report from the Public Accountants’ and Auditors’ Board issued within the past three years; (e) is independent from the building society, its management and its shareholders; (f) has adequate staff and capacity to carry out the audits; and (g) has no record of manipulation, falsification or misrepresentation of the financial affairs of an entity as the outcome of an audit. Monthly returns 9. For purposes of section 32(1) of the Act, a building society must, by not later than the twenty-first day of every succeeding calendar month, submit to the registrar its monthly return in a form which is substantially similar to the form set out in Annexure 2. Annual accounts 10. (1) A building society must, within the period referred to in section 33(9) of the Act, submit to the registrar – (a) its audited statement of financial position; (b) its audited statement of comprehensive income, which clearly mortgage and borrowers, and properties in possession account; and (c) its share subscription account. (2) The annual accounts must be accompanied by – (a) insurance policy for the building society;

8867 Government Gazette 20 March 2026 5 (b) a report by the auditors regarding the fair presentation of the bank’s financial position and results; (c) management letter; and (d) audited monthly returns as at year-end. Purchase of property by officer of building society 11. (1) Where an officer of a building society intends to purchase a property as contemplated in section 70(2) of the Act, the society must apply to the registrar on a form set out in Annexure 3, for approval of the sale at least 30 days prior to the proposed transaction. (2) The application made under subregulation (1) must clearly set out the full particulars pertaining to the proposed transaction. (3) The application referred to in subregulation (1) must be submitted together with a certified copy of the respective deed of sale clearly setting out the location of the property and its respective title deed number. (4) The application referred to in subregulation (1) must be duly signed by two directors and the secretary of the building society. (5) After considering an application made in terms of subregulation (1), the registrar – (a) may – (i) refuse the application; (ii) approve the application without conditions; or (iii) approve the application with conditions; (b) must in writing inform the applicant of his or her decision under paragraph (a); and (c) must in writing inform the applicant of the reasons for his or her decision under sub￾paragraph (i) or (ii) of paragraph (a), as the case may be. Manner in which and time within which appeals to Minister must be lodged 12. (1) An appeal notice contemplated in section 2(1) of the Act must – (a) be lodged with the Minister on a form which is substantially similar to the form set out in Annexure 4; (b) clearly set out the decision that is being appealed against and the grounds for the appeal; (c) contain the supporting documents on which the appellant wishes to rely; and (d) be lodged within 14 days of the decision being appealed. (2) The Minister must within 14 days of receipt of the notice of appeal acknowledge receipt of the notice.

6 Government Gazette 20 March 2026 8867 (3) The appellant must furnish the registrar with a copy of the notice of appeal contemplated in subregulation (1). (4) On receipt of the notice of appeal, despite subregulation (2), the registrar must within 30 days prepare a written statement of the reasons for his or her decision and dispatch such statement to the appellant and the Minister. (5) Subject to subregulation (4), the appellant must within 21 days after receipt of the written statement of reasons of the registrar, declare in writing whether or not he or she intends to proceed with the appeal. (6) If the appellant declares that he or she does not intend to proceed with the appeal, or if he fails to declare his intention within 21 days after receiving a reminder notice from the registrar following the filing of the written statement, the appeal automatically lapses. (7) If the appellant in terms of subregulation (5) declares his or her intention to proceed with the appeal, he or she must, in addition to such declaration, lodge with the Minister a response to the statement contemplated in subregulation (4) and furnish the registrar with a copy of such re￾sponse. (8) An appeal that is to be lodged as contemplated in this regulation must be heard at such time and place as the Minister may determine and must notify in writing the parties to the appeal at least 30 days before the date of the commencement of the hearing. (9) After the hearing, the Minister must within five days prepare and dispatch a written statement of his or her decision on the appeal to the appellant and the registrar clearly stipulating the reasons for the decision taken. (10) A decision of the Minister on an appeal is subject to appeal to a competent court.

8867 Government Gazette 20 March 2026 7 ANNEXURE 1 APPLICATION FOR REGISTRATION OF BUILDING SOCIETY (Section 4 of the Act and regulation 3) We, the undersigned persons, who have resolved to establish a building society by subscribing our names to the rules, and the intended secretary of the society do hereby make application for the registration of a building society in terms of section 4 of the Act. Two copies of the rules of the society, duly signed and completed as required by section 4(2) of the Act, as well as the prescribed fee of N$17 500, are enclosed herewith.

1. Location of the head office of the building society ……………………………………………………………………………………………… ……………………………………………………………………………………………… ………………………………………………………………………………………………
2. Particulars of the founders Full name Signature (i) …………………………………….. ………………………………….. (ii) …………………………………….. …..……………………………… (iii) …………………………………….. ………………………………….. (iv) …………………………………….. ………………………………….. (v) …………………………………….. ………………………………….. (vi) …………………………………….. ………………………………….. (vii) …………………………………….. …………………………………..
3. Particulars of the secretary ………………............. Full name Signature ….…………………………………… ……………………………………….. ………………….......... Date

8 Government Gazette 20 March 2026 8867 ANNEXURE 2 MONTHLY RETURNS (Section 34(1) of the Act and regulation 9) Statement of Financial Position BSR 101 (Monthly) Institution: Financial Year: Start Date: End Date: Type of Organisa- tion Individual Building Society Line No. Liabilities and Capital Short-term Medium-term Long-term Total Daily Average for month Cost of fund (annualised) % 1 Bank funding - Deposits and Borrowings (total of items 2, 5 and 8) 2 Deposits (total sum of items 3 and 4) 3 Intragroup 4 Interbank 5 Borrowings (total sum of items 6 and 7) 6 Intragroup 7 Interbank 8 Balances due to bank of Namibia 9 Non-bank funding (total of items 10, 17 and 24) 10 Household deposits (total sum of items 11 to 16)

8867 Government Gazette 20 March 2026 9 11 Current accounts 12 Call deposits 13 Savings deposits 14 Fixed and notice deposits 15 Negotiable certificates of deposits 16 Foreign currency deposits 17 Commercial Deposits (total sum of items 18 to 23) 18 Current accounts 19 Call deposits 20 Savings deposits 21 Fixed and notice deposits 22 Negotiable certificates of deposits 23 Foreign currency deposits 24 Borrowings (total sum of items 25 to 29) 25 Trading Liabilities 26 Loans received under repurchase agreements 27 Debt instruments issued 28 Foreign currency loans received 29 Other borrowings 30 Total funding-related liabilities (total sum of items 1 and 9) 31 Non-funding related liabilities (total sum of items 32 to 39) 32 Taxes payable 33 Deferred Tax Payable 34 Dividends payable

10 Government Gazette 20 March 2026 8867 35 Accrued expenses 36 Remittances in transit 37 Derivative financial instruments 38 Other trading liabilities 39 Others 40 Total liabilities (total sum of items 30 and 31) 41 Capital and reserves (total sum of items 42, 45, 46 and 47) 42 Issued share capital (total sum of items 43 and 44) 43 Ordinary share capital 44 Preference share capital 45 Share premium 46 Non-distributable reserves 47 Distributable reserves (total sum of items 48 and 49) 48 General reserve 49 Retained income 50 Minority interest 51 Total liabilities and capital (total sum of items 40, 41 and 50) Line No. Memorandum items: 52 Intragroup bank deposits denominated in foreign currency 53 Interbank deposits denominated in foreign currency 54 Intragroup bank borrowings denominated in foreign currency

8867 Government Gazette 20 March 2026 11 55 Interbank borrowings denominated in foreign currency 56 Non-bank group deposits denominated in foreign currency 57 Non-bank group borrowings denominated in foreign currency 58 Cash and balances with the banks (total sum of items 59, 60, 61 and 65) 59 Legal tender in Namibia 60 Other currency holdings, gold coins and bullion 61 Balances with Bank of Namibia (total sum of items 62 to 64) 62 Statutory reserve account 63 Clearing account 64 Others 65 Balances with banks (total sum of items 66 and 67) 66 Denominated in legal tender in Namibia 67 Denominated in foreign currencies 68 Short-term negotiable securities (total of items 69 to 71 less 72) 69 Negotiable certificates of deposits 70 Treasury bills 71 Others 72 Less: Specific provisions 73 Total loans and advances (total of items 74 to 87)

12 Government Gazette 20 March 2026 8867 74 Loans to banks - repayable in legal tender 75 Loans to banks - repayable in foreign currencies 76 Loans to non-banks - repayable in foreign currencies 77 Instalment debtors, hire purchase, suspensive sales and leases 78 Residential mortgages 79 Commercial real estate mortgages 80 Personal loans 81 Fixed term loans 82 Overdraft 83 Credit card debtors 84 Acknowledgment of debtsdiscounted 85 Loans granted under resale agreement 86 Preference shares held to provide credit 87 Other loans and advances 88 Less: Specific provisions 89 Less: General provisions 90 Less: Interest- in- suspense 91 Net loans and advances (item 73 less 88, 89 and 90) 92 Trading securities - after mark-to- market adjustments (total sum of items 93 to 96) 93 Fixed income (including NCDs held with banks)

8867 Government Gazette 20 March 2026 13 94 Equities 95 Derivative instruments 96 Others 97 Available for sale securities - after marking-to-market (total sum of items 98 to 100) 98 Fixed income (including NCDs held with banks) 99 Equities 100 Others (including unlisted equities) 101 Held to maturity securities (total sum of items 102 and 103 less 104) 102 Fixed income (including NCDs held with banks) 103 Others (including unlisted equities) 104 Less: Specific provisions on investments 105 Investments in consolidated entities 106 Investments in unconsolidated subsidiaries, associates and joint ventures 107 Investments in unconsolidated entities (sum of line items 108 to 112) 108 Investments in significant insurance entities 109 Investments in deconsolidated financial subsidiaries 110 Investments in significant commercial entities

14 Government Gazette 20 March 2026 8867 111 Investments in significant financial entities 112 Investments in non-significant entities 113 Total trading and investment securities (total sum of items 92, 97, 101, 105, 106, and 107) 114 Property, plant and equipment (total sum of items 115 to 118 less 119) 115 Premises of banking institution 116 Other fixed property 117 Computer equipment including peripherals 118 Other - including vehicles, furniture and fittings 119 Depreciation 120 Other assets (total of sum items 121 to 126) 121 Repossessed items 122 Remittances in transit 123 Receivables (net of provision) 124 Deferred taxation 125 Intangibles 126 Others 127 Other insurance related assets (total sum of items 128 to 130) 128 Policy loans on investments contracts 129 Reinsurance assets

8867 Government Gazette 20 March 2026 15 130 Others 131 Total assets (total sum of items 58, 68, 91, 113, 114, 120 and 127) Line No. Memorandum Items: 132 Nominal value of trading portfolio 133 Nominal value of available for sale investment portfolio 134 Market value of held-to-maturity investment portfolio 135 Average total liabilities payable in Namibia Dollars (excluding capital funds) 136 Average minimum local assets maintained 137 Excess/deficiency (line item 126 minus line item 127) Statement of Comprehensive Income BSR 101 (Monthly) Institution: Financial Year: Start Date: Type of Organisa- tion Individual Building Society Line No. Liabilities and Capital Month-end Balance Daily Average Bal- ance for month Annualised Gross Yield(pre tax) 1 2 3 1 Interest income from loans and advances and deposits placed- (total of items 2 to 18 less 19) 2 Balances with Bank of Namibia

16 Government Gazette 20 March 2026 8867 3 Balances with banks 4 Short-term negotiable securities 5 Loans to banks - repayable in legal tender 6 Loans to banks - repayable in foreign currencies 7 Loans to non-banks - repayable in foreign currencies 8 Instalment debtors, hire purchase, suspensive sales and leases 9 Residential mortgages 10 Commercial real estate mortgages 11 Personal loans 12 Fixed term loans 13 Overdraft 14 Credit card debtors 15 Acknowledgment of debts discounted 16 Loans granted under resale agreement 17 Preference shares held to provide credit 18 Other loans and advances 19 Less: Net interest suspended 20 Interest expense in respect of deposits and loans received- (total of items 21 to 37) 21 Intragroup deposits 22 Interbank deposits 23 Intragroup borrowings 24 Interbank borrowings 25 Balances due to Bank of Namibia 26 Current accounts 27 Call deposits 28 Savings deposits 29 Fixed and notice deposits

8867 Government Gazette 20 March 2026 17 30 Negotiable certificates of deposits 31 Foreign currency deposits 32 Loans received under repurchase agreement 33 Debt instruments issued 34 Foreign currency loans received 35 Other borrowings 36 Non-Bank deposits 37 Non- Bank Borrowings 38 Net interest income-(total of items 1 less 20) 39 Provisions and Write-offs (total of items 40 to 43) 40 Specific loan loss provisions- 41 Bad debts directly written-off 42 General provisions 43 Other provisions 44 Other Operating Income ( total of items 45 and 48) 45 Fee income - (total of items 46 and 47) 46 Transaction-based banking-related fee income 47 Knowledge-based fee income 48 Other sundry income 49 Net trading income / (loss) (total of items 50 to 53) 50 Fixed income 51 Equities 52 Derivative instruments 53 Other 54 Income from non-traded securities- (total of items 55 to 58) 55 Fixed income 56 Equities 57 Derivative instruments

18 Government Gazette 20 March 2026 8867 58 Other 59 Insurance related income (sum of line items 60 & 61) 60 Net insurance premium income 61 Other insurance related income 62 Other operating expenses- (total of items 63 to 70) 63 Staff cost 64 Directors fees and remuneration 65 Marketing 66 Auditing 67 Consultancy and management fees 68 Occupancy expenses 69 Depreciation and amortization 70 Administration and other overheads 71 Income before tax- (total of items 38 - 39 + 44 + 49 + 54 + 59 - 62) 72 Taxation- (total of items 73 to 75) 73 Current 74 Deferred 75 Gross-up adjustment 76 Net income after tax- (item 71 less 72) 77 Extraordinary items 78 Associate income/(expenditure) - AC 110 79 Reserves - Transfers to 80 Reserves - Transfers from 81 Dividends paid or proposed 82 Retained income for the period (item 76 to 81) 83 Retained income at beginning of the period 84 Retained income at end of the period (item 82 + 83)

8867 Government Gazette 20 March 2026 19 Off-Balance Sheet Items BSR 111 (Monthly) Institution: Financial Year: Start Date: End Date: Type of Organisation Line No. ITEM(S) (N$’ 000) 1 Guarantee and other similar Contingent Liabilities (sum of line items 2 to 10) 2 Guarantees 3 Acceptances 4 Transaction with recourse (sales and repurchase agreement and assets sales with recourse where the credit risk remain with the bank.) 5 Repurchase type transactions involving security borrowing and lending 6 Standby letter of credit 7 Documentary letter of credit 8 Warrantees, Indemnities, bid bonds and performance bonds 9 Endorsements 10 Lending of bank’s security or the posting of security as collateral by banks including instances where these arise out of repo-style transactions 11 Commitments (sum of line items 12 to 15) 12 Irrevocable commitments, Note issuance facilities (NIFs) and revolving underwriting facilities (RUFs) 13 Revocable commitments 14 Foreign exchange, interest rate, forward assets purchase, forward deposits and partly - paid share and securities which represent commitment with certain drawdown 15 Undrawn loan commitments 16 Advisory, Management and Underwriting functions (sum of 16 to 20) 17 Portfolio managed

20 Government Gazette 20 March 2026 8867 18 Security Underwriting 19 Security under safe keeping 20 Other 21 Securitization exposures 22 Other contingent liabilities (including obligations arising from debt endorsed and rediscounted) 23 Total (sum of items 1, 11, 15, 20 and 21) Statement of Comprehensive Income BSR 20 (Monthly) Institution: Financial Year: Start Date: End Date: Type of Organisation Individual Building Society Line No. ITEM(S) (N$’ 000) 1 Interest income from loans and advances and deposits placed- (total of items 2 to 18 less 19) 2 Balances with Bank of Namibia 3 Balances with banks 4 Short-term negotiable securities 5 Loans to banks - repayable in legal tender

8867 Government Gazette 20 March 2026 21 6 Loans to banks - repayable in foreign currencies 7 Loans to non-banks - repayable in foreign currencies 8 Instalment debtors, hire purchase, suspensive sales and leases 9 Residential mortgages 10 Commercial real estate mortgages 11 Personal loans 12 Fixed term loans 13 Overdraft 14 Credit card debtors 15 Acknowledgment of debts discounted 16 Loans granted under resale agreement 17 Preference shares held to provide credit 18 Other loans and advances 19 Less: Net interest suspended 20 Interest expense in respect of deposits and loans received- (total of items 21 to 37) 21 Intragroup deposits 22 Interbank deposits 23 Intragroup borrowings 24 Interbank borrowings 25 Balances due to Bank of Namibia 26 Current accounts 27 Call deposits 28 Savings deposits 29 Fixed and notice deposits 30 Negotiable certificates of deposits 31 Foreign currency deposits 32 Loans received under repurchase agreement

22 Government Gazette 20 March 2026 8867 33 Debt instruments issued 34 Foreign currency loans received 35 Other borrowings 36 Non-Bank deposits 37 Non- Bank Borrowings 38 Net interest income-(total of items 1 less 20) 39 Provisions and Write-offs (total of items 40 to 43) 40 Specific loan loss provisions- 41 Bad debts directly written off 42 General provisions 43 Other provisions 44 Other Operating Income (total of items 45 and 48) 45 Fee income - (total of items 46 and 47) 46 Transaction-based banking-related fee income 47 Knowledge-based fee income 48 Other sundry income 49 Net trading income / (loss) (total of items 50 to 53) 50 Fixed income 51 Equities 52 Derivative instruments 53 Other 54 Income from non-traded securities- (total of items 55 to 58) 55 Fixed income 56 Equities 57 Derivative instruments 58 Other 59 Insurance related income (sum of line items 60 & 61) 60 Net insurance premium income

8867 Government Gazette 20 March 2026 23 61 Other insurance related income 62 Other operating expenses- (total of items 63 to 70) 63 Staff cost 64 Directors fees and remuneration 65 Marketing 66 Auditing 67 Consultancy and management fees 68 Occupancy expenses 69 Depreciation and amortization 70 Administration and other overheads 71 Income before tax- (total of items 38 - 39 + 44 + 49 + 54 + 59 - 62) 72 Taxation- (total of items 73 to 75) 73 Current 74 Deferred 75 Gross-up adjustment 76 Net income after tax- (item 71 less 72) 77 Extraordinary items 78 Associate income/(expenditure) - AC 110 79 Reserves - Transfers to 80 Reserves - Transfers from 81 Dividends paid or proposed 82 Retained income for the period (item 76 to 81) 83 Retained income at beginning of the period 84 Retained income at end of the period (item 82 + 83)

24 Government Gazette 20 March 2026 8867 Minimum Liquid Assets BSR 610 (Monthly) Institution: Financial Year: Start Date: End Date: Type of Organisation Individual Building Society Line No. Item Gross Amount Pledged Collateral Actually Utilised Net Pledged Collateral 1 (Covering the compliance period commencing the 15th of the abovementioned month up to the 14th of the following month) 2 Average total deposits (incl. NCDs issued) 3 Average amount of loans and advances received 4 Average amount of other liabilities (Excl. capital) 5 Average total liabilities (total of line items 1 - 3) 6 Liquid assets required to be held over the compliance period at 10% of line item 4, column 1 7 Average daily amount of liquid assets held over the compliance period (total of line items 7-18) 8 Notes and coins which are legal tender in Namibia, gold coin and bullion 9 Clearing account balances held with Bank of Namibia 10 Call account balances held with Bank of Namibia 11 Foreign currency deposits placed with the Bank of Namibia 12 Securities of the Bank of Namibia 13 Treasury Bills of the Government of Namibia

8867 Government Gazette 20 March 2026 25 14 Stocks, securities, bills and bonds of the Government of Namibia 15 STRIPS bonds 16 Investment graded debt securities issued by Namibian Public Sector Entities (PSE) and Corporates 17 Any other securities, bonds and bills fully guaranteed by the Government of Namibia, which form part of the public issue 18 Net amount of loans and deposit, repayable on demand, plus the net amount of negotiable certificate of depocits (NCDs) with Namibian banking institutions or building societies other than a subsidiary or fellow subsidiary of the banking institution or building society concerned or of a banking institution or building society by which the banking institution or building society concerned is controlled directly or indirectly 19 Excess/deficiency (line item 6 above less line item 5) 20 Memorandum item: Average net investments in NCDs and interbank term deposits/loans

26 Government Gazette 20 March 2026 8867 Minimum Reserve Requirements BSR MRR 1 AVERAGE DAILY AMOUNT OF TOTAL LIABILITIES TO THE PUBLIC (Confidential and not available for inspection by the public) Type of Organisation Individual Building Society Day Total deposits including foreign deposits Total loans and advances received Total other liabilities to the public, excluding capital Total liabilities to the public (1) (2) (3) (4) = (1) + (2) + (3) 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th

8867 Government Gazette 20 March 2026 27 19th 20th 21st 22nd 23rd 24th 25th 26th 27th 28th 29th 30th 31st Total Average Daily Amount of Total Liabilities to the Public Required Minimum Balance (B)

28 Government Gazette 20 March 2026 8867 Credit Risk Position BSR 501 (Monthly) Institution: Financial Year: Start Date: End Date: Type of Organisation Individual Building Society All amounts to be rounded off to the nearest N$’ 000) CLASSIFICATION CATEGORY Line No. Items Pass or Acceptable Special mention Sub-standard Doubtful Loss/Bad 1 2 3 4 5

8867 Government Gazette 20 March 2026 29 Large Depositors BSR 750 (Monthly) Institution: Financial Year: Start Date: End Date: Type of Organisation Individual Building Society LARGEST DEPOSITS Name of depositor Amount of deposit Type of deposit Maturity date Security offered Value of security TOTAL

30 Government Gazette 20 March 2026 8867 Share Subscription Return BSR 140 (Monthly) Institution: Financial Year: Start Date: End Date: Type of Organisation Individual Building Society ITEM NO. NAME OF SHAREHOLDER AND COUNTRY LINE NO. INDEFI- NITE SHARE CAPITAL FIXED PERIOD SHARE CAPITAL TOTAL NOMINAL VALUE OF SHARES HELD TOTAL NUMBER OF SHARES HELD AS A % OF THE VOTES TOTAL NUMBER OF SHARES HELD AS A % OF CAPITAL INDICATE IF SHAREHOLDER IS A CONTROL- LING COMPA- NY/ BANKING INSTITUTION Name of domestic shareholding 5% or more listed in alphabetic order of class of shares 1 1 2 3 4 5 6 7 8 Aggregate of domestic shareholding not detailed (by class of shares) 2 9

8867 Government Gazette 20 March 2026 31 10111 1213141516 Name of foreign shareholding 5% or more listed in alphabetic order of class of shares 3 17 18 19 20 21 22 23 Aggregate of foreign shareholders not detailed 4

32 Government Gazette 20 March 2026 8867 Risk Log BSR 800 (Monthly) Institution: Financial Year: Start Date: End Date: Type of Organisation Individual Building Society Risk group Risk type Risk Risk description Key controls Control effectiveness Likelihood Impact Residual risk Management Actions Person responsible for action Overall risk reduction strategy Capital Risk Strategic Risk Liquidity Risk Credit Risk Operational Risk Financial Risk

8867 Government Gazette 20 March 2026 33 RISK-WIGHTED CAPITAL RETURN BIR 401 - A (Confidential and not available for inspection by the public) (Quarterly) Building Society: Financial Year: Start Date: End Date: (All amounts to be rounded off to the nearest N$’000) Line No. CONSTITUENTS OF CAPITAL Amounts TIER 1 CAPITAL 1 Paid-up ordinary shares 2 Paid-up non-cumulative perpetual preference shares 3 Share premium 4 Retained profits/(accumulated losses) 5 General reserves 7 Minority interests (consistent with the above capital constituents) 8 Sub-Total (sum of line items 1 to 7) 9 Deduct: Goodwill related to consolidated subsidiaries, subsidiaries deconsolidated for regulatory capital purposes, and proportional share of goodwill in joint ventures subject to proportional consolidation. 10 Deduct: Investments in unconsolidated banking & financial subsidiary companies 11 Deduct: Investment in the capital of other banks & financial institutions and significant and minority investments in other financial entities. 12 Deduct: increase in equity capital resulting from securitisation transactions (e.g. capitalized future margin income, gains on sale). 13 Deduct: 50% of credit-enhancing interest-only strips, net of any increases in equity capital resulting from securitization transaction. 14 Deduct: 50% of investments in securitization exposures for third party investors with long-term credit ratings of B+ and below, and in unrated exposures.

34 Government Gazette 20 March 2026 8867 15 Deduct: 50% of investments in securitization exposures for third party investors with short-term credit ratings of below A-3/P-3/R-3 and in unrated exposures. 16 Deduct: 50% of retained securitization exposures for originating banks that are rated below investment grade (below BBB-), or that are unrated. 17 NET-TOTAL TIER 1 CAPITAL (line item 8 less line items 9 to 16) TIER 2 CAPITAL 18 Hybrid (debt/equity) capital instruments 19 Eligible subordinated term debt (limited to 50% of total Tier 1 capital) 20 Asset revaluation reserves 21 Current unaudited profits (if applicable) - [see Note 1] 22 General provisions/general loan loss reserves (limited to 1.25% of total risk-weighted assets) 23 Sub-total (sum of line items 18 to 22) 24 Deduct: back-to-back placements of new tier 2 capital, arranged either directly or indirectly, between banking and financial institutions. 25 Deduct: 50% of credit-enhancing interest-only strips, net of any increases in equity capital resulting from securitization transaction. 26 Deduct: 50% of investments in unconsolidated subsidiaries and in subsidiaries deconsolidated for regulatory capital purposes, net of goodwill that is deducted from tier 1 capital. 27 Deduct: 50% of investments in securitisation exposures for third party investors with long-term credit-rating of B+ and below, and in unrated exposures. 28 Deduct: 50% of investments in securitisation exposures for third party investors with short-term credit-rating below investment grade (below BBB-), or unrated exposures. 29 Deduct: 50% of retained securitization exposures for originating banks that are rated below investment grade (below BBB-), or that are unrated. 30 NET-TOTAL TIER 2 CAPITAL (line item 23 less line items 24 to 29) TIER 3 CAPITAL 31 Eligible short-term subordinated debt (see Note 2) 32 TOTAL TIER 3 CAPITAL

8867 Government Gazette 20 March 2026 35 33 Tier 1 available for market risk 34 ELIGIBLE TIER 3 CAPITAL (see Note 3) 35 ELIGIBLE TIER 2 and TIER 3 CAPITAL (see Note 4) 36 TOTAL QUALIFYING CAPITAL (sum of line items 17 and 35) COMPUTATION OF RISK-WEIGHTED ASSETS 1. Credit Risk: Standardised Approach 37 Total Risk-weighted Amount for Credit Risk 2. Operational Risk (see Note 5): 38 2(a). Basic Indicator Approach: Calibrated risk-weighted amount 39 2(b). The Standardised Approach: Calibrated risk-weighted amount 40 Calibrated Risk-weighted Amount for Operational Risk 3. Market risk: Standardised Approach 41 Calibrated Risk-weighted Amount for Market Risk 42 AGGREGATE RISK-WEIGHTED ASSETS (sum of line items 37; 40; and 41) 43 TOTAL RISK-WEIGHTED CAPITAL RATIO (line item 54 divided by line item 66) (Minimum of 10%) OF WHICH: 44 TIER 1 RISK-BASED CAPITAL RATIO (line item 17 divided by line item 42) (Minimum of 7%) 45 TIER 2 RISK-BASED CAPITAL RATIO (line item 30 divided by line item 42) 46 TIER 3 RISK-BASED CAPITAL RATIO (line item 32 divided by line item 42) 47 ADDITIONAL CAPITAL SPECIFIED BY THE REGULATOR 48 Total risk-weighted capital ratio (including additional capital specified) OTHER CAPITAL MEASURES 49 Gross Assets (total assets plus general and specific provisions) 50 TIER 1 LEVERAGE RATIO (line item 17 divided by line item 47) (Minimum of 6%)

36 Government Gazette 20 March 2026 8867 Line No. PART A: RISK-WEIGHTED AMOUNTS (ON-BALANCE SHEET EXPOSURES) Exposure Amounts Specific Provisions for Past Due Exposures Credit Risk Mitigation (CRM) Exposure Amounts after CRM Risk-weights (%) Risk weights Nature of Item 51 Portfolio I: Claims on Sovereign or Central banks 52 Exposures to the sovereign or (central bank) of incorporation denominated in domestic currency and funded in that currency subject to the condition that the local sovereign and the central bank controls the issuing of local currencies or where the exposures is assigned a credit quality grade of one by ECAI. 0% 53 Exposure where the sovereign has no current ECAI rating assigned to the debt obligation issued or undertaken by the sovereign. 100% 54 Exposures assigned credit quality grade of AAA to AA-. 0% 55 Exposures assigned credit quality grade of A+ to A-. 20% 56 Exposures assigned credit quality grade of BBB+ to BBB-. 50% 57 Exposures assigned credit quality grade of BB+ to B- or unrated. 100% 58 Exposures assigned credit quality grade of below B-. 150% 59 Past due exposure where specific provision is less than 20% of the loan. 150% 60 Past due exposure where specific provision is equal to or greater than 20% but less than 50% of the loan. 100%

8867 Government Gazette 20 March 2026 37 61 Past due exposure where specific provision is equal to 50% or more of the loan. 50% 62 Sub-total 64 Exposures with an original maturity of three months or less denominated and funded in domestic currencies. 20% 65 Exposures with an original maturity of more than three months and above 50% 66 Exposures to Namibian Regional government and local authorities (regardless of their maturity profile). 20% 67 Exposures assigned credit quality grade of AAA to AA-. 0% 68 Exposures assigned credit quality grade of A+ to A-. 20% 69 Exposures assigned credit quality grade of BBB+ to BBB-. 50% 70 Exposures assigned credit quality grade of BB+ to B- or unrated. 100% 71 Exposures assigned credit quality grade of below B-. 150% 72 Past due exposure where specific provision is less than 20% of the loan. 150% 73 Past due exposure where specific provision is equal to or greater than 20% of the loan. 100% 74 Past due exposure where specific provision is equal 50% or more of the loan. 50% 75 Sub-total 76 Portfolio III: Claims on Multilateral Development Banks (MDBs) 77 (a) Long-term Claims

38 Government Gazette 20 March 2026 8867 78 Exposures to MDBs that meet eligibility criteria specified in Annex I of BID-5. 0% 79 Exposure assigned a credit assessment rating of AAA to AA-. 20% 80 Exposure assigned a credit assessment rating of A+ to A-. 50% 81 Exposure assigned a credit assessment rating of BBB+ to BBB- or unrated MDBs 50% 82 Exposure to MDBs assigned a credit assessment rating of BB+ to B-. 100% 83 Exposures assigned credit quality grade of below B-. 150% 84 (b) Short-term Claims 85 Exposure to MDBs assigned a credit assessment rating of AAA to BBB- or unrated. 20% 86 Exposures to MBDs assigned a credit assessment rating of BB+ to B- or unrated. 50% 87 Exposures to MBDs assigned a credit assessment rating of below B-. 150% 88 Past due exposure where specific provision is less than 20% of the loan. 150% 89 Past due exposure where specific provision is equal to or greater than 20% but less than 50% of the loan. 100% 90 Past due exposure where specific provision is equal 50% or more of the loan. 50% 91 Sub-total 92 Portfolio IV: Claims on Banks 93 (a) Long-term 94 Exposures to banks assigned a credit risk assessment rating of AAA to AA-. 20%

8867 Government Gazette 20 March 2026 39 95 Exposures to banks assigned a credit assessment rating of A+ to BBB- or unrated. 50% 96 Exposures to banks assigned a credit assessment rating of BB+ to B-. 100% 97 Exposures to banks assigned a credit assessment rating of below B-. 150% 98 (b) Short-term Claims 99 Claims denominated and funded in domestic currency with an original maturity of three months or less, assigned a credit assessment rating of AAA to BBB- or unrated. 20% 100 Exposures to banks assigned a credit risk assessment rating of AAA to AA-. 20% 101 Exposures to banks assigned a credit assessment rating of A+ to BBB- or unrated. 20% 102 Claims to banks assigned a credit assessment rating of BB+ to B- or unrated. 50% 103 Claims to banks assigned a credit assessment rating of below B-. 150% 104 Past due exposure where specific provision is less than 20% of the loan. 150% 105 Past due exposure where specific provision is equal to or greater than 20% but less than 50% of the loan. 100% 106 Past due exposure where specific provision is equal 50% or more of the loan. 50% 107 Sub-total 108 Portfolio V: Claims on Security Firms

40 Government Gazette 20 March 2026 8867 109 Claims on security firms assigned a credit assessment rating of AAA to AA-. 20% 110 Claims on security firms assigned a credit assessment rating of A+ to A-. 50% 111 Claims on security firms assigned a credit assessment rating of BBB+ to BBB- or unrated security firms. 100% 112 Claims to security firms assigned a credit assessment rating of BB+ to B-. 100% 113 Claims to security firms assigned a credit assessment rating of below B-. 150% 114 Past due exposure where specific provision is less than 20% of the loan. 150% 115 Past due exposure where specific provision is equal to or greater than 20% but less than 50% of the loan. 100% 116 Past due exposure where specific provision is equal 50% or more of the loan. 50% 117 Sub-total 118 Portfolio VI: Claims on Corporates 119 Claims to corporates assigned a credit assessment rating of AAA to AA-. 20% 120 Claims to corporates assigned a credit assessment rating of A+ to A-. 50% 121 Claims to corporate assigned a credit assessment rating of BBB+ to BB- or unrated corporate client. 100% 122 Claims to corporates assigned a credit assessment rating of below BB-. 150% 123 Past due exposure where specific provision is less than 20% of the loan. 150%

8867 Government Gazette 20 March 2026 41 124 Past due exposure where specific provision is equal to or greater than 20% but less than 50% of the loan. 100% 125 Past due exposure where specific provision is equal 50% or more of the loan. 50% 126 Sub-total 127 Portfolio VII: Claims Included in the Retail Portfolios 128 Retail exposures that fully comply with conditions set out in BID-5 (paragraphs 15.7.1 to 15.7.4). 75% 129 Retail exposures not complying with conditions referred to under item 78 of this return. 100% 130 Past due exposure where specific provision is less than 20% of the loan. 150% 131 Past due exposure where specific provision is equal to or greater than 20% but less 50% of the loan. 100% 132 Past due exposure where specific provision is equal 50% or more of the loan. 50% 133 Sub-total 134 Portfolio VIII: Claims Secured by Residential Mortgage Property 135 Claims fully secured by residential mortgage property that fully comply with conditions set out in BID-5. 50% 136 Mortgage where bank is not the holder of the first mortgage bond or portion of mortgage bond that has been consolidated with other facilities. 100% 137 Past due exposure where specific provision is less than 20% of the loan. 100%

42 Government Gazette 20 March 2026 8867 138 Past due exposure where specific provision is equal to or greater than 20% of the loan. 50% 139 Unsecured portion of exposure in excess of regulatory loan-to-value limits. 100% 140 Unsecured portion of past due exposure for 90 days or more. 100% 141 Sub-total 142 Portfolio IX: Claims Secured by Commercial Real Estate 143 Claims fully secured by mortgage on commercial real estate. 100% 144 Past due exposure where specific provision is less than 20% of the loan. 150% 145 Past due exposure where specific provision is equal to or greater than 20% but less than 50% of the loan. 100% 146 Past due exposure where specific provision is equal 50% or more of the loan. 50% 147 Sub-total 148 Portfolio X: Other Assets 149 Cash, gold, coins, bullion, foreign notes & coins, statutory reserve with Bank of Namibia. 0% 150 Items in transit. 20% 151 Investment in equity or regulatory capital instruments issued by banks or security firms, fixed assets and other assets. 100% 152 Past due exposure where specific provision is less than 20% of the loan. 150% 153 Past due exposure where specific provision is equal to or greater than 20% but less than 50% of the loan. 100%

8867 Government Gazette 20 March 2026 43 154 Past due exposure where specific provision is equal to 50% or more of the loan. 100% 155 Sub-total 156 TOTAL ON-BALANCE SHEET RISKWEIGHTED AMOUNT 157 PART B: RISK- WEIGHTED AMOUNTS (OFF-BALANCE SHEET EXPOSURES) Exposure Amounts CRM Exposure amount after CRM Credit Conversion Factors (CCF) Credit Equivalent Amounts Risk-weights of Credit Equiva- lent Amounts Risk- weighted Amounts 158 Any solicitation limit, that is, a facility not yet contracted. 0% 159 Commitments that are unconditionally cancellable at any time without prior notice or that effectively provide for automatic cancellation due to a deterioration in a borrower’s credit worthiness. 160 Commitments with original maturity of up to one year. 161 Sovereign or Central Banks 20% 0% 162 Public Sector Entities 20% 20% 163 Multilateral Development Banks 20% 50% 164 Security Firms 20% 165 Corporates 20% 100% 166 Retail Portfolios 20% 75% 167 Other Assets 20% 20% 168 Commitments with original maturity of more than one year. 169 Sovereign or Central Banks 50% 50%

44 Government Gazette 20 March 2026 8867 170 Public Sector Entities 50% 20% 171 Multilateral Development Banks 50% 172 Security Firms 50% 173 Corporates 50% 100% 174 Retail Portfolios 50% 75% 175 Other Assets 50% 20% 176 Repurchase type of transactions involving security borrowing and lending. 177 Sovereign or Central Banks 178 Public Sector Entities 179 Multilateral Development Banks 180 Security Firms 181 Corporates 182 Retail Portfolios 183 Other Assets 184 Short-term self-liquidating trade letters of credits. 185 Sovereign or Central Banks 20% 186 Public Sector Entities 20% 20% 187 Multilateral Development Banks 20% 188 Security Firms 20% 189 Corporates 20% 100% 190 Retail Portfolios 20% 75% 191 Other Assets 50% 192 Direct credit substitute e.g. general guarantees of indebtedness (including stand-by letter of credit serving as financial guarantees for loans and securities) and acceptance.

8867 Government Gazette 20 March 2026 45 193 Sovereign or Central Banks 100% 194 Public Sector Entities 100% 20% 195 Multilateral Development Banks 100% 196 Security Firms 100% 197 Corporates 100% 100% 198 Retail Portfolios 100% 75% 199 Other Assets 100% 20% 200 Sales and repurchase agreement and assets sale with recourse where the credit risk remain with the bank: 201 Sovereign or Central Banks 202 Public Sector Entities 203 Multilateral Development Banks 204 Security Firms 205 Corporates 206 Retail Portfolios 207 Other Assets 208 Lending of bank’s security or the posting of security as collateral by banks including instances where these arise out of repo-style transactions: 209 Sovereign or Central Banks 210 Public Sector Entities 211 Multilateral Development Banks 212 Security Firms 213 Corporates 214 Retail Portfolios 215 Other Assets

46 Government Gazette 20 March 2026 8867 216 Forward assets purchase, forward deposits and partly paid shares and securities which represent commitment with certain draw down: 217 Sovereign or Central Banks 218 Public Sector Entities 219 Multilateral Development Banks 220 Security Firms 221 Security Firms 222 Corporates 223 Retail Portfolios 224 Other Assets 225 Certain transaction-related contingent items such as performance bonds, bid bonds, warrantees and stand by letters of credit related to particular transactions. 50% 226 Sovereign or Central Banks 50% 20% 227 Public Sector Entities 50% 228 Multilateral Development Banks 50% 229 Security Firms 50% 100% 230 Corporates 50% 75% 231 Other Assets 50% 20% 232 Note issuance facilities (NIFs) and revolving underwriting facilities (RUFs). 233 Sovereign or Central Banks 234 Public Sector Entities 235 Multilateral Development Banks 236 Security Firms

8867 Government Gazette 20 March 2026 47 237 Corporates 238 Retail Portfolios 239 Other Assets 240 Off-balance sheet exposures other than the exposures specified above. 241 Sovereign or Central Banks 242 Public Sector Entities 243 Multilateral Development Banks 244 Security Firms 245 Corporates 246 Retail Portfolios 247 Other Assets 248 Sub-total 249 TOTAL OFF-BALANCE SHEET RISK-WEIGHTED AMOUNT 250 PART C: RISK-WEIGHTED AMOUNTS ON SECURITIZATION EXPOSURES: ON-BALANCE SHEET EXPOSURES Exposure Amounts Credit Risk Mitigation (CRM) Exposure Amounts after CRM Risk-weights (%) Risk- weighted Amounts 251 (a) Long-term Exposures 20% 252 Exposures assigned an ECAI credit assessment rating of AA to AA-. 50% 253 Exposures assigned an ECAI credit risk assessment rating of A+ to A-. 100% 254 Exposures assigned an ECAI credit risk assessment rating of BBB+ to BBB-. 350% 255 Exposures assigned an ECAI credit risk assessment rating of BB+ to BB-. 256 Sub-total

48 Government Gazette 20 March 2026 8867 257 (b) Short-term Exposures 258 Exposures assigned an ECAI credit risk rating of A-1/P-1. 20% 259 Exposures assigned an ECAI credit assessment rating of A-2/P-2. 50% 260 Exposures assigned an ECAI credit assessment rating of A-3/P-3. 100% 261 Unrated exposures or exposures assigned a credit assessment rating not specified in this return. 100% 262 Sub-total 263 TOTAL ON-BALANCE SHEET SECURITIZATION RISK-WEIGHTED AMOUNT 264 PART D: SECURITIZATION EXPOSURES: OFF-BALANCE SHEET EXPOSURES Exposure Amounts CRM Exposure Amounts after CRM Credit Conver- sion Factors Credit Equivalent Amounts Risk-weights of Credit Equiva- lent Risk-weighted Amounts 265 Eligible liquidity facilities 266 Eligible liquidity facilities with an original maturity of one year or less, subject eligibility conditions as provided in Annexure B. 20% 267 Eligible liquidity facilities with an original maturity of more than one year subject to eligibility conditions as provided in Annexure B. 50% 268 Eligible liquidity facilities where the external rating of the facility itself is used for the purpose of risk weighting the exposure. 100% 269 Eligible service cash advance facility that are unconditionally cancellable without prior notice. 0%

8867 Government Gazette 20 March 2026 49 270 Eligible service cash advance facilities that cannot be cancelled without prior notice. 100% 271 Sub-total 272 TOTAL OFF-BALANCE SHEET SECURITIZATION RISK- WEIGHTED AMOUNT 273 PART E: CONTROLLED EARLY AMORTISATION FEATURES Exposure Amounts CRM Exposure Amounts after CRM Credit conversion factors for uncommitted lines Credit equivalent amounts for uncommitted lines Credit conversion factors for committed lines Credit equivalent amounts for committed lines Risk-weights of credit equivalent Risk- weighted amounts 274 (a) Retail credit lines 275 Exposure where 3-month average excess spread is at 133.33% or more of trapping point. 0% 90% 276 Exposure where 3-month average excess spread is at less than 133.33% to 100% of trapping point. 1% 90% 277 Exposure where 3-month average excess spread is at less than 100% to 75% of trapping point. 2% 90% 278 Exposures where 3-month average excess spread is at less than 75% to 50% of trapping point. 10% 90%

50 Government Gazette 20 March 2026 8867 279 Exposures where 3-month average excess spread is at less than 50% to 25% of trapping point. 20% 90% 280 Exposures where 3-month average excess spread is at less than 25% of trapping point. 40% 90% 281 (b) Non-retail credit lines 282 All non-retail credit lines under controlled early amortization. 90% 90% 283 Sub-total 284 TOTAL CONTROLLED EARLY AMORTIZATION FEATURES 285 PART F: NON- CONTROLLED EARLY AMORTIZATION FEATURES Exposure Amounts CRM Exposure Amounts after CRM Credit conver- sion factors for uncom mitted lines Credit equivalent amounts for uncommitted lines Credit conversion factors for committed lines Credit equivalent amounts for commit- ted lines Risk-weights of credit equiva- lent Risk- weighted amounts 286 (a) Retail credit lines 0% 100% 287 Exposures where 3-month average excess spread is at 133.33% or more of the trapping point. 5% 100%

8867 Government Gazette 20 March 2026 51 288 Exposures where 3-month average excess spread is at less than 133.33% to 100% of the trapping point. 15% 100% 289 Exposures where 3-month average excess spread is at less than 100% to 75% of trapping point. 50% 100% 290 Exposures where 3-month average excess spread is at less than 75% to 50% of trapping point. 0% 100% 291 Exposures where 3-month average excess spread is at less than 50% of trapping point. 100% 100% 292 (b) Non-retail credit lines 293 All non-retail credit lines under non-controlled early amortization features. 100% 100% 294 Sub-total 295 TOTAL NON- CONTROLLED EARLY AMORTIZATION FEATURES 296 GRAND TOTAL: ALL EXPOSURES

52 Government Gazette 20 March 2026 8867 RISK-WEIGHTED ASSETS FOR OPERATIONAL RISK: BASIC INDICATOR AND THE STANDARDISED APPROACH Line No. Nature of item Capital Charge Factors Gross Income Gross Income First Year (Quarters) Second Year (Quarters) Q1 Q2 Q1 Q2 Q1 Q2 Q1 Q2 297 Basic Indicator Approach (BIA) 298 Gross Income [see Note 1] 15% 299 Number of years with positive annual gross income 300 Mean Average of Aggregate Capital Charge 301 Calibrated Risk-weighted Amount (BIA) 302 The Standardised Approach 303 Gross Income per Business Lines 304 Corporate finance 18% 305 Trading and sales 18% 306 Retail banking 12% 307 Commercial banking 15% 308 Payment and settlement 18% 309 Agency services 15% 310 Asset management 12% 311 Retail brokerage 12% 312 Total Capital Charges (TSA) 313 Number of years with positive annual gross income 314 Mean Average of Aggregate Capital Charge 315 Calibrated Risk-weighted Amount (TSA) Note 1: Negative amounts should be entered with a ( ) or -.

8867 Government Gazette 20 March 2026 53 MARKET RISK SUMMARY RETURN: STANDARDISED APPROACH Line No. A. INTEREST RATE RISK Amounts 316 a) Specific risk (Total from Table 1 and Table 2) 317 b) General market risk (Total from Table 3) 318 c) Interest rate options - simplified method (Total from Table 8) 319 d) Interest rate options - delta-plus method (Total from Table 9) 320 Total Interest Rate Risk B. EQUITY POSITION RISK 321 a) Equity position risk (Total from Table 4) 322 b) Equity options - simplified method (Total from Table 8) 323 c) Equity options - delta-plus method (Total from Table 9) 324 Total Equity Position Risk C. FOREIGN EXCHANGE RISK 325 a) Foreign exchange risk (Total from Table 5) 326 b) Foreign exchange options - simplified method ( Total from Table 8) 327 c) Foreign exchange options - delta-plus method (Total from Table 9) 328 Total Foreign Exchange Risk D. COMMODITIES RISK 329 a) Simplified method (Total from Table 6) 330 b) Maturity ladder method (Total from Table 7) 331 c) Commodity options - simplified method (Total from Table 8) 332 d) Commodity options - delta-plus method (Total from Table 9) 333 Total Commodities Risk 334 TOTAL MARKET RISK CAPITAL CHARGE 335 CALIBRATED RISK-WEIGHTED EQUIVALENT AMOUNT

54 Government Gazette 20 March 2026 8867 A. INTEREST RATE RISK: Specific Risk Table 1: Capital charge for securities denominated in domestic currency Line No. Risk Categories Position Gross market value Specific risk-weights Capital charge Short Long 336 Government 0.00% 337 Qualifying residual term to maturity 6 months or less 0.25% 338 Qualifying residual term to maturity 6 to 24 months 1.00% 339 Qualifying residual term to maturity exceeding 24 months 1.60% 340 Other 8.00% 341 Total capital charge A. INTEREST RATE RISK: Specific Risk Table 2: Capital charge for securities denominated in foreign currency Line No. Risk Categories Position Gross market value Specific risk-weights Capital charge Short Long 342 Government Exposures (external credit ratings) 343 AAA to AA- 0.00% 344 A+ to BBB- 345 6 months or less residual term to final maturity 0.25% 346 greater than 6 months residual term to final maturity but up to and including 24 months 1.00% 347 greater than 24 months residual term to final maturity 1.60% 348 BB+ to B- 8.00% 349 Below B- 12.00% 350 Unrated 1.00% 351 Qualifying residual term to maturity 6 months or less 0.25% 352 Qualifying residual term to maturity 6 to 24 months 1.00%

8867 Government Gazette 20 March 2026 55 353 Qualifying residual term to maturity exceeding 24 months 1.60% 354 Other [see Note 1 below] 341 Total capital charge Note 1: Exposures under this category will receive the same specific risk-weight as a private sector borrower under credit risk requirements, i.e. 10% or risk-weight of 100%. C. FOREIGN CURRENCY LIMITS Table 5: Line No. Positions in Foreign Currencies Exchange Rate at Spot Rate Positions in Namibia Dollar Foreign Currencies On-Balance Positions Off-Balance Positions (Column B+C) Overall net position (Columns D x E) Percentage of Capital A B C D E F G 356 USA Dollar #DIV/0! 357 Pound Sterling #DIV/0! 358 Euro #DIV/0! 359 Swiss Franc #DIV/0! 360 Japanese Yen #DIV/0! 361 Other #DIV/0! 362 Gold #DIV/0! 363 Total #DIV/0! 364 365 Qualifying Capital in N$ 1 5 Total of overall “long” positions 366 Single Currency Limit: 6 Total of overall “short” positions 367 5% of Qualifying Capital 2 7 Gross aggregate position (sum of line items 5 & 6) 368 10% of Qualifying Capital 3 8 Net aggregate position (difference between line items 5 & 6)

56 Government Gazette 20 March 2026 8867 369 Overall Currency Limit: 9 Shorthand Method: Higher of aggregate net long or short position (Greater of line items 5 and 6) plus Gold (line 76 column F 370 20% of Qualifying Capital 4 10 Capital charge OPTIONS Table 8: Simplified method Line No. Position A. Interest rates B. Equities C. Foreign exchange D. Commodities 371 Purchased put and long underlying 372 Purchased call and short underlying 373 Purchased put 374 Purchased call 375 Total capital charge OPTIONS Table 9: Delta-plus method Report the capital charge for each category Line No. Position A. Interest rates B. Equities C. Foreign exchange D. Commodities 376 Gamma impact 377 Vega impact 378 Total capital charge

8867 Government Gazette 20 March 2026 57 ANNEXURE 3 APPLICATION FOR APPROVAL TO PURCHASE A PROPERTY BY OFFICER OF BUILDING SOCIETY (Section 70(2) of the Act and regulation 11(1))

1. Information of the officer: (a) Name of officer: ………………………………………………………………………...…… (b) Name of building society: ……………………………………………………………....…... (c) Duties and responsibilities of officer: ………………………………………………….......…... (d) Contact number of officer: ……………………………………………………………..........
2. Information of the property: (a) Description of property owned/mortgaged to the building society: ………………………… ……………………………………………………………......……………………………… ………………………………………………………………………………………….......... ……………………………………………………………………….........……………......... (b) Situation of property: ………………………………………………………………........…... (c) Title deed number of property: ………………………………………………………….….. (d) Attach a certified copy of the title deed of property.
3. Reasons for sale of property by the building society: ………………………………………………………………………………………………. …...…………………………………………………………………………………………. ..…………………………………………………………………………………………..… ……………………………………………………………………………………….……… ……………………………………… ……………………………………… Full Name of Officer Signature ..……………………………………… ………….…………………………… Full Name of Director Signature ..……………………………………… ………………………………………... Full Name of Director Signature ..……………………………………… ……………………………………...... Full Name of Secretary Signature

……………………………………….. Date

58 Government Gazette 20 March 2026 8867 ANNEXURE 4 NOTICE OF APPEAL (Section 2(1) of the Act and regulation 12(1)(a))

1. General instructions (a) This form must be completed and submitted within fourteen (14) days after the decision being appealed is made. (b) Write clearly in the space provided. (c) You must complete the whole application and provide your signature in the appropriate space provided.
2. Information of the appellant (a) Name of principal officer of appellant (if juristic person): ………………………………… . (b) Name of appellant (if natural person): ……………………………………………………… . (c) Email address: ……………………………………………………………………………… (d) Postal address: ……………………………………………………………………………….
3. Information of the legal representatives: (a) Name of representative: ………………………..…………………………………………… (b) Identity number of the representative: ……………………………………………………… (c) Name of the law firm: ……………………………………………………………………… (d) Attach a resolution of the board of directors or appointment letter by the appellant.
4. Details of the decision made being appealed (Provide full details of the appeal in the space provided below and reference the applicable section of the Act. Attach any supporting document to this effect.) ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ………………………………………………………………………………………………………

8867 Government Gazette 20 March 2026 59 ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… ……………………………………………………………………………………………………… Signature of the appellant/principal officer of appellant:……………………………………… Date of signature:………………………………………............................................................. Signature of the representative:………………………………………………………………… Date:…………………………………………………………………………………………….

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