NEW DEVELOPMENT BANK - Change in Debt Officer

Change in Debt Officer

New Development Bank
(Established by the Articles of Agreement on the New Development Bank – Fortaleza, July 15, 2014)
Issuer Code: NDBI
("the Issuer")

Change in Debt Officer

In accordance with paragraph 6.42 of the JSE Limited Debt and Specialist Securities Listings Requirements,
noteholders are hereby advised that:

a) The Board of Governors of the Issuer has appointed Mr. Daopeng Fu as the Vice-President from China,
    effective from July 8, 2026. He will take the position of the Vice-President and Chief Financial Officer.

b) The Board of Governors of the Issuer has also appointed Mr. Monale Ratsoma as the Vice President
    from South Africa effective, 8 July 2026. He will take up the position of the Vice-President and Chief
    Risk Officer.

c) The announcement by the Issuer titled "Appointment of Two Vice Presidents and Rotation of
    Responsibilities" may be viewed on the link below:

    https://www.ndb.int/news/appointment-of-two-vice-presidents-and-rotation-of-responsibilities/

d) The above appointments are in accordance with the Articles of Agreement of the Issuer.


e) Mr. Daopeng Fu, Vice President and Chief Financial Officer of the Issuer has been appointed as the Debt
    Officer of the Issuer with effect from 8 July 2026. The appointment was made pursuant to paragraph
    7.3(g) of the JSE Debt and Specialist Securities Listing Requirements.

    The contact details of the Debt Officer are as follows:
        • Address: NDB Headquarters, 1600 Guozhan Road, Pudong New District, Shanghai 200126
           China
        • Telephone: +86-21-8021-8011
        • Email: invcorp@ndb.int

Johannesburg
08 July 2026


Debt Sponsor
The Standard Bank of South Africa Limited

Date: 08-07-2026 04:50:00
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