Capitec Bank informed the market of the retirement of André du Plessis, Financial Director (FD) and co-founder of the Capitec group, on 30 June 2022 and the appointment of Grant Hardy as his successor effective 1 July 2022. Shareholders are advised that Grant will take over as FD of the Capitec Group effective 1 July 2022. Grant has also been appointed as a member of the Risk & Capital Management Committee in replacement of André who retires as a member of the said committee on 30 June 2022.

The Board is confident that Grant's experience and knowledge of the Capitec Group will support the continued growth of Capitec.