Trading Days and Events of the Namibia Securities Exchange

(handling of public holidays in NAM/RSA)

Notes:

*The NSX is closed for trading and dual listed settlements on all South African Public Holidays, as per “NSX Gazette #111, 31 Mar 2008”, for the equity market.

For the bond market, the ATS follows the Namibian public holiday calendar.

* The end of market close times refers to the end of the administration period. For detailed information on the trading sessions, please refer to the tables.

* All times Namibian Standard Time

Information Service Centre:

Trading Hours & Settlement Cycles

Trading Hours: Equity Market

• Normal Trading Hours

• Early Close Trading Hours (24 & 31 December)

• Bond Market

• Trading is done ON-Market since October 2023, default settlement cycle is T+1, but can be done on T+1, T+2, T+3

• NENS Announcements

• On 24 and 31 December, NENS will release announcements between 07:05 – 12:50.
• Announcements submitted after 12:50 will be stored and released the next business day.

NB: The Issuer/Sponsor must submit all relevant company and price sensitive information to the NSX as soon as possible after authorization for release on the NENS System. An announcement must be released on SENS before it’s published in the newspaper.

Settlement Cycles:

Equities Settlement

• Local/Primary Listed Companies: Settlement will take place on a T+5 cycle for all local listed companies.
• Dual/Secondary Listed Companies: Settlement will take place on a T+3 cycle for all secondary listed companies. “NSX Gazette #136, February 2007”

Bond Settlement

Settlement Cycle: Settlement will continue to take place on a T+1, T+2, T+3 business day basis.