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RMB is a division of First National Bank of Namibia Ltd, Reg. No. 2002/0180. A subsidiary of FirstRand Namibia Limited.

RC 1031371 Copyright © FirstRand 2026. All rights reserved.

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The information contained in this communication is confidential, and is intended solely for the addressee. This communication may contain information proprietary to FirstRand Bank Limited (acting through its Rand Merchant Bank division) ("RMB"), and may not be reproduced or disseminated in whole or in part without RMB's written consent. RMB does not warrant that any information contained herein is complete or correct. This communication is not an offer or agreement to enter into any transaction, and is not a confirmation of any transaction described herein unless the context clearly indicates the contrary. RMB is not acting as your adviser in any transaction that may be proposed herein, and this communication does not constitute a recommendation, guidance or proposal to enter into any transaction. RMB does not guarantee or otherwise assure the expected results of any transaction. This communication may contain views or opinions that are not necessarily those of RMB. You shall not be entitled to place any reliance on the information contained in this communication for the purposes of entering into any proposed transaction or otherwise.