2025/12/17 – 12:00:00 – 1087497960003993872
Notice to shareholders of the 28th Annual General Meeting and 2025 Integrated Annual Report
NAMIBIA ASSET MANAGEMENT LTD (“NAM”)
Registration No. 97/397
Registered in Namibia
ISIN Code: NA000AOJMZ44
NSX Share Code: NAM
Notice to shareholders of the 28th Annual General Meeting and 2025
Integrated Annual Report
2025 INTEGRATED ANNUAL REPORT
Our 2025 Integrated Annual Report has been made available on our
website at www.namasset.com.na.
NOTICE TO SHAREHOLDERS OF THE 28TH ANNUAL GENERAL MEETING
Notice is hereby given that the twenty-eighth Annual General Meeting
of Namibia Asset Management Limited will be held at the Company’s
offices at 1st Floor, Millennium House, Cnr of Robert Mugabe Avenue
and DR AB May Street, Windhoek, on 12 February 2026 at 10h30.
AGENDA
PRESENTATION OF THE AUDITED ANNUAL FINANCIAL STATEMENTS
The audited annual financial statements of the Group and Company for
the year ended 30 September 2025, together with the reports by the
directors, the external auditors and the audit and risk committee
have been approved by the Board of directors(“the Board”) on 17
December 2025, and are available on the Company’s website
www.namasset.com.na. Shareholders are advised that the only changes
between the reviewed results released on 13 November 2025 and the
2025 Integrated Annual Report relate to the cash flow statement,
where certain corrections have been made.
ORDINARY RESOLUTIONS
ORDINARY RESOLUTION NUMBER 1
To approve the Company’s remuneration to non-executive directors for
their services as directors in respect of the 2026 financial year
(per meeting).
Prior year fee Proposed fee
2025 FY 2026 FY
N$ N$
NAM Board
– Chairman* 19 795 20 785
– Member 12 480 13 104
Audit and Risk Committee
– Chairman 16 496 17 321
– Member 12 480 13 104
Remuneration and Nomination
Committee
– Chairman 14 030 14 731
– Member 12 480 13 104
Social, Ethics and
Sustainability Committee
– Chairman 14 030 14 731
– Member 12 480 13 104
Annual retainer fee 75 230 78 990
*Mr L Smith and N Salie do not receive any remuneration due to their
role at Coronation.
ORDINARY RESOLUTION NUMBER 2
To appoint, as recommended by the Audit and Risk Committee, EY Namibia
as the Group and Company’s registered auditor and to authorise
directors to determine the remuneration of the auditors.
ORDINARY RESOLUTION NUMBER 3
To confirm and approve the appointment of Ms Taschiona !Gawaxab as
independent non-executive director effective 2 January 2026.
Ms !Gawaxab is an accomplished ICT executive with extensive
experience in technology operations, project management, and digital
transformation. She currently serves as Head of ICT at Nedbank Namibia
and holds board experience as a Non-Executive Director of MTC. Ms
!Gawaxab brings valuable expertise in ICT governance, innovation, and
strategic leadership.
ORDINARY RESOLUTION NUMBER 4
To re-elect, by way of a separate vote, Mr Gordon Young, who retires
by rotation in accordance with the provisions of the Company’s
Articles of Association but is eligible and available for re-
election.
To re-elect, by way of a separate vote, Mr Schalk Walters who retires
by rotation in accordance with the provisions of the Company’s
Articles of Association but is eligible and available for re-
election.
To re-elect, by way of a separate vote, Mr Nur-Reza Salie who retires
by rotation in accordance with the provisions of the Company’s
Articles of Association but is eligible and available for re-election
A brief CV of each of the persons nominated above appears on pages
25 to 27 of the Integrated Annual Report.
ORDINARY RESOLUTION NUMBER 5
To elect the Audit and Risk Committee members as recommended by the
NAMCODE. The following individuals are recommended for election to
the Audit and Risk Committee:
a. Mr Schalk Walters (Chairman)
b. Mr Absolom Kapenda
c. Mr Nur-Reza Salie
A brief CV of each of the directors above appears on pages 25 and
27 of the Integrated Annual Report.
ORDINARY RESOLUTION NUMBER 6 NON-BINDING ADVISORY VOTE
Non-binding advisory vote to endorse the Company’s remuneration
policy. The remuneration policy is contained on page 33 of the
Integrated Annual Report for the year ended 30 September 2025.
TO TRANSACT ANY OTHER BUSINESS
To transact such other business as may be transacted at an annual
general meeting or raised by shareholders with or without advance
notice to the Company.
VOTING
A member entitled to attend and vote at the meeting may appoint one
or more proxies to attend, speak and, on a poll, vote in their stead.
A proxy need not be a member of the company.
For the convenience of members who are unable to attend the meeting
but wish to be represented thereat, the enclosed proxy form is
provided. Such members should kindly complete and return the form to
the NSX Financial Market Services (formerly known as Transfer
Secretaries).
NSX Financial Market Services (Pty) Ltd
Robert Mugabe Avenue No. 4 Windhoek
or mail it to PO Box 2401, Windhoek, Namibia
To be effective, the completed proxy form must reach the NSX Financial
Market Services in Windhoek at least 48 hours before the time
appointed for the meeting.
BY ORDER OF THE BOARD
17 December 2025
BOARD OF DIRECTORS
L Smith* (Chairman)
T Shaanika (Chief Executive Officer)
J Breedt
E Kandongo
A Kapenda
N Marcus
N Salie*
R G Young*
S Walters
(* South African)
COMPANY SECRETARY:
J Breedt
REGISTERED OFFICE
1st Floor, Millennium House, Cnr Robert Mugabe Avenue and DR AB May
Street, Windhoek
P.O. Box 23329, Windhoek, Namibia
AUDITORS
Ernst & Young Namibia
Registered Accountants and Auditors
Chartered Accountants (Namibia)
Cnr Otto Nitzsche and Maritz Streets
P.O Box 1857 Windhoek, Namibia
SPONSOR
IJG Securities (Pty) Ltd
Member of the NSX
4th Floor, 1@Steps, Cnr Grove and Chasie Streets,
Windhoek, Namibia
NSX Financial Market Services
NSX Financial Market Services (Pty) Ltd
4 Robert Mugabe Avenue
P.O. Box 2401
Windhoek, Namibia
Date: 17-12-2025 12:00:00
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Namibia Securities Exchange – NAM News