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INVITATION TO ALL ESTATE AGENTS AND AGENCIES The Financial Intelligence Centre (FIC) hereby invites all real estate agents and agencies to participate in an upcoming sectoral meeting scheduled for 15 April 2026 . This engagement forms part of the FIC’s ongoing commitment to strengthening compliance within the real estate sector and safeguarding Namibia’s financial system against illicit activities. The session will provide a collaborative platform for stakeholders to engage on key regulatory developments, share insights on sector-specific risks, and align on practical compliance approaches. Your participation will be valuable in ensuring the Real Estate sector remains compliant with evolving regulatory standards and effectively mitigates risks related to Money Laundering, Terrorist Financing and Proliferation Financing. Agenda Items 1. Namibia Grey Listing update 2. Sector’s Compliance Assessment Observations 3. Sector’s Reporting Behaviour 4. Enforcement Actions and Way Forward 5. AOB Meeting Date, Time, and Venue Date: 15 April 2026 Time: 14:30 to 16:30 Venue: Online - Microsoft Teams Microsoft Teams Link: https://teams.microsoft.com/meet/319873236274456?p=ss8yDbtNGsN7Ly28x8 Meeting ID: 319 873 236 274 456 Passcode: iz2Fo2Bi Should you have any further queries regarding the above session, please do not hesitate to contact our office at 061 – 285 0019 or email Tuapeua.Ngupahua@fic.na .

News Alert!! Date: 24 March 2026 HIGH Court judges Thomas Masuku and Andrew Corbett dismissed an application by the City of Windhoek (CoW) Municipal Council in which it sought court approval to cut off the electricity of Namibians who are in arrears with water and other rates and taxes. The legal battle between the two state entities began after the Electricity Control Board (ECB) of Namibia, on 27 June 2024, issued a directive to all local authorities to cease the practice of blocking prepaid electricity meters to recover arrear fees, levies, and charges in respect of rates, taxes, and other municipal services, and to explore alternative debt recovery methods that comply with the relevant legislation. The City of Windhoek was aggrieved by this decision, stating that cutting off electricity remained one of its main effective methods of debt collection. Towards the end of last year, the Namibia Water Corporation (NamWater) warned of a deepening debt crisis which threatened the country’s bulk water supply system, with debt rising to N$2.8 billion by November 2025—a tremendous jump from the debt level of N$2 billion recorded in March 2024. The Electricity Control Board, however, made a counter-application against CoW for an order declaring that the provisions of section 31(b) and (c) of the Electricity Act 4 of 2007 are to the effect that the applicant (CoW), as licensee in terms of the provisions of the Electricity Act, is not entitled to reduce or discontinue its supply of electricity to a customer where the customer has failed to pay any fees, charges, or other monies due in respect of any supply to the customer other than a supply of electricity. This was, however, negated by CoW, which argued that section 31(c) of the Electricity Act clearly provides that a licensee may reduce or discontinue the supply of electricity to a customer that fails to comply with the conditions of the supply of electricity to him/her/it. “It is the CoW’s condition for the supply of electricity to its customers that they pay the full bouquet of the municipal services offered by the CoW. This is a condition contemplated by and in terms of section 31(c) of the Electricity Act. A customer’s non-compliance with the aforesaid condition entitles the CoW to reduction and discontinuance of the supply of electricity,” the municipal council wrote in its heads of arguments. The High Court judges, however, held that whilst regulation 20 of the Council’s Electricity Supply Regulation permits the suspension of electricity to a consumer where an electricity account remains unpaid, there is no suggestion in regulation 20(1) that this would extend to the suspension of the supply of electricity in a situation where the electricity account is fully paid. “The reliance by the Council on its Consolidated Revenue Protection and Enhancement Plan does not elevate the principle to one of statutory authority to block customers’ prepaid meters where they fail to pay their arrear rates and taxes or other accounts due to the council,” the judges said. They added that the ECB had made a case for the granting of the counter-application together with costs and noted that should there be any ambiguity or uncertainty about the interplay between provisions of the Local Authorities Act and those of the Electricity Act, together with any regulations, rules, or codes, the legislature has resolved this issue. “The Electricity Act and its regulations, rules, or codes would prevail,” the judges held. Source: Informante Staff Reporter

GENERAL NOTICE EXAMINATION IN ACCORDANCE WITH GOVERNMENT NOTICE R1409 OF 1 JULY 1983 (as amended) Please note that the NEAB will conduct examinations in accordance with Government Notice R1409 of 1 July 1983 (as amended). The NEAB ONLINE ESTATE AGENTS’ EXAMINATION details are as follows: - Online registration starts : 02nd February 2026 - Online registration closes : 20th March 2026 - Online examination date : 28th March 2026 a. Online Registration Process i. Visit NEAB website ( https://www.neab.co.na/ ) ii. Click on Online Exam Registration b. Examination fees payable are as follows (Exam Registration & Study Material): Total Costs: N$ 2,200.00 ( NO REFUNDS ) c. Enquiries: i. Telephone Number: 061 – 249 885 / 081 122 1828 ii. Email: supervisor@neab.co.na / admin2@neab.co.na d. Compulsory Induction Training: Compulsory Induction training in line with section 8( c ) of the Estate Agents Act 112 of 1976 will be conducted after passing the examination; Festus Unengu Manager: Namibia Estate Agents Board

The Namibia Estate Agents Board (NEAB) hosted an Information Sharing Workshop with the Namibian Police Force (NAMPOL) on 23 February 2026 in Windhoek, aimed at strengthening collaboration between the property regulator and law enforcement. The workshop provided a platform for both institutions to discuss regulatory compliance, property-related offences, and mechanisms for improved information sharing. Discussions focused on strengthening cooperation in addressing issues such as fraud, illegal property transactions, and other unlawful activities within the real estate sector. This engagement forms part of NEAB’s ongoing efforts to enhance transparency, accountability, and consumer protection in Namibia’s property industry, while also supporting the Board’s transition to the Property Practitioners Regulatory Authority (PPRA) under the Property Practitioners Act 11 of 2024. Through continued collaboration with key stakeholders such as NAMPOL, NEAB remains committed to promoting professional standards, regulatory compliance, and integrity within the real estate profession. #NEAB #FinancialCrimes #MoneyLaunderingPrevention #NAMPOL #RealEstateCompliance

Preparing for Future Success!! The Namibia Estate Agents Board (NEAB) successfully hosted its 1st Induction Training Workshop for the year on Friday, 13 February 2026, in Windhoek. The workshop was held for candidates who recently passed the Principles of Real Estate Examination, marking a significant milestone in their professional journey. The event commenced with opening remarks by Mr. Festus Unengu , Manager of NEAB, followed by a keynote address was by Ms. Celeste Booysen , from the Ministry of Industries, Mines and Energy. Throughout the day, key stakeholders enriched the workshop with presentations aimed at equipping the inductees with practical knowledge for the industry. Speakers included: Mr. Marvelous Ngarizemo from the Financial Intelligence Centre (FIC) Ms. Rolandi van Wyk from First National Bank (FNB) Ms. Namakaliza Masule from Business and Intellectual Property Authority (BIPA) Ms. Lisa Figaji from the City of Windhoek (COW) Ms. Leilani Riddles from the Public Accountants and Auditors Board (PAAB) Mr. Festus Unengu, who also delivered the closing remarks The workshop concluded with a lunch and networking session, offering candidates a chance to connect with professionals and peers in the real estate sector. NEAB continues to play a vital role in supporting and developing competent estate agents to uphold industry standards and serve Namibia with integrity. #NEAB2025 #RealEstateNamibia #EstateAgents #InductionWorkshop #NamibiaProperty #NEABTraining

The Namibia Estate Agents Board (NEAB) hereby informs stakeholders that its offices will be closed from 22 December 2025 to 09 January 2026 . Normal business operations will resume on Monday, 12 January 2026 . We thank you for your understanding and wish all stakeholders a safe and pleasant festive season.   Yours sincerely, Namibia Estate Agents Board (NEAB)

Dear Estate Agents and Agencies,   This serves as a reminder that the annual renewal of the Fidelity Fund Certificate (FFC)  and applications for new certificates will close at the end of October 2025 .   The Namibia Estate Agents Board (NEAB) acknowledges the current challenges agents and agencies face in obtaining updated Police Clearance Certificates (Certificates of Conduct) from the Namibian Police.   In light of these delays, NEAB will provisionally accept renewals and new applications  accompanied by:   The Police Clearance Certificate from last year , and Proof of payment  for the new Police Clearance Certificate (2025)   This interim arrangement is only valid until 31 October 2025 . Agents are expected to submit the new Police Clearance Certificate as soon as it becomes available to complete their file.   We encourage all stakeholders to make the necessary arrangements well in advance to avoid last-minute submissions.   For more information or assistance, please contact the NEAB office ( info@neab.co.na ).    Yours sincerely, Mr. Festus Unengu Manager: Namibia Estate Agents Board

Dear Estate Agents and Agencies,   The Namibia Estate Agents Board (NEAB) wishes to inform all estate agents and agencies of an important clarification regarding the issuance of Fidelity Fund Certificates (FFCs). While estate agents were previously permitted to renew their registration by submitting either a police clearance receipt or a Certificate of Conduct from a previous year, the issuance of Fidelity Fund Certificates is subject to stricter regulatory requirements. Certificate of Conduct Requirement With immediate effect, Fidelity Fund Certificates will only be issued upon submission of a valid and current Certificate of Conduct , which must not be older than six (6) months at the time of submission Important Notice to Affected Estate Agents Estate agents who renewed their registration using: A police clearance receipt, or A Certificate of Conduct older than six (6) months are hereby advised that their Fidelity Fund Certificates will be withheld until a current Certificate of Conduct has been submitted and approved. Compliance The Board trusts that all estate agents and agencies will take note of this requirement and ensure full compliance to avoid any delays in the issuance of their Fidelity Fund Certificates. For more information or assistance, please contact the NEAB office ( info@neab.co.na ).    Yours sincerely, Mr. Festus Unengu Manager: Namibia Estate Agents Board

The Namibia Estate Agents Board (NEAB) proudly hosted the Principles of Real Estate Agents Online Examination  on Saturday, 06 December 2025 . The examination took place at the University of Namibia (UNAM) campuses in Windhoek, Henties Bay, and Ongwediva , ensuring candidates across the country had convenient access to participate. This examination plays a vital role in maintaining the standards of professionalism, ethics, and competence within the real estate industry. By offering online examinations across multiple venues, NEAB continues to expand access and support to aspiring estate agents on their journey toward professional registration. NEAB commends all candidates for their commitment and extends gratitude to UNAM for its support in making this important milestone possible.   #NEAB #NamibiaEstateAgents #RealEstateNamibia #NEABExams #ProfessionalStandards

Dear Valued Stakeholders,   The Namibia Estate Agents Board (NEAB) hereby notifies all registered estate agents, agencies, and industry stakeholders that the revised fee structure  will come into effect immediately upon publication in the Government Gazette .   All registrations, renewals, and related submissions processed on or after the gazette date  will automatically reflect the new rates. There will be no grace period  following publication. Stakeholders are advised to finalize pending transactions before it is gazetted to avoid paying the revised fees. Summary of Revised Fees Board levy from NAD 1200 to NAD 1900 Agents and Agency fees from NAD 500 to NAD 790 Identity cards from NAD 100 to NAD 160 Fidelity Fund levy from NAD 300 to NAD 480 Change levy from NAD 300 to NAD 480 Late renewal levy from NAD 1000 to NAD 3000 Late Audit submission levy from NAD 1000 to NAD 1580 Certificate reprint from NAD 100 to NAD 480 Induction training fee will remain at NAD 1000 Examination registration fee from NAD 2200 to NAD 3480 In light of these delays, NEAB will provisionally accept renewals and new applications  accompanied by:   Next Steps The official gazette date will be announced on the NEAB website, via email notifications, and on all social media platforms. NEAB will publish a comprehensive breakdown of the revised fees upon gazetting. Our support team remains available to assist stakeholders throughout this transition.   We appreciate your continued support and understanding as we implement these essential changes. NEAB remains committed to fostering a professional, sustainable, and well-regulated real estate sector in Namibia.   For more information or assistance, please contact the NEAB office ( info@neab.co.na ) or visit our website at www.neab.com.na .    Yours sincerely, Mr. Festus Unengu Manager: Namibia Estate Agents Board

GENERAL NOTICE EXAMINATION IN ACCORDANCE WITH GOVERNMENT NOTICE R1409 OF 1 JULY 1983 (as amended) Please note that the NEAB will conduct examinations in accordance with Government Notice R1409 of 1 July 1983 (as amended). The NEAB ONLINE ESTATE AGENTS’ EXAMINATION details are as follows: - Online registration starts: 17th October 2025 - Online registration closes: 28th November 2025 - Online examination date: 06th December 2025 a. Online Registration Process i. Visit NEAB website ( https://www.neab.co.na/ ) ii. Click on Online Exam Registration b. Examination fees payable are as follows (Exam Registration & Study Material): Total Costs: N$ 2,200.00 ( NO REFUNDS ) c. Enquiries: i. Telephone Number: 061 – 249 885 / 081 122 1828 ii. Email: supervisor@neab.co.na / admin2@neab.co.na d. Compulsory Induction Training: Compulsory Induction training in line with section 8( c ) of the Estate Agents Act 112 of 1976 will be conducted after passing the examination; Festus Unengu Manager: Namibia Estate Agents Board

Preparing for Future Success!! The Namibia Estate Agents Board (NEAB) successfully hosted its 4th Induction Training Workshop on Friday, 10 October 2025, in Windhoek. The workshop was held for candidates who recently passed the Principles of Real Estate Examination, marking a significant milestone in their professional journey. The event commenced with opening remarks by Mr. Festus Unengu , Manager of NEAB, followed by welcoming remarks delivered by Ms. Liberty Ithete , Chairperson of the NEAB Education Committee. A keynote address was presented by Ms. Celeste Booysen , from the Ministry of Industries, Mines and Energy. Throughout the day, key stakeholders enriched the workshop with presentations aimed at equipping the inductees with practical knowledge for the industry. Speakers included: Mr. Marvelous Ngarizemo from the Financial Intelligence Centre (FIC) Ms. Rolandi van Wyk from First National Bank (FNB) Ms. Sorty Ndjembo from Business and Intellectual Property Authority (BIPA) Mr. Alfred Haipare from the City of Windhoek (COW) Ms. Leilani Riddles from the Public Accountants and Auditors Board (PAAB) Mr. Festus Unengu, who also delivered the closing remarks The workshop concluded with a lunch and networking session, offering candidates a chance to connect with professionals and peers in the real estate sector. NEAB continues to play a vital role in supporting and developing competent estate agents to uphold industry standards and serve Namibia with integrity. #NEAB2025 #RealEstateNamibia #EstateAgents #InductionWorkshop #NamibiaProperty #NEABTraining