Addis Ababa, Ethiopia – June 23, 2025 – Gadaa Bank Share Company is officially listed on the Ethiopian Securities Exchange (ESX), marking a significant milestone as the second bank to achieve this status on the ESX. This accomplishment represents a major advancement for Ethiopia’s developing capital market.

The formal approval of the Bank’s prospectus by the Ethiopian Capital Market Authority (ECMA) on June 17, 2025, cleared the way for this historic listing. The listing is notable for featuring a large number of shareholders and for Gadaa Bank being the first in its peer group—with a relatively short operational history—to reach this milestone.

The listing includes existing ordinary shares held by shareholders and fully complies with Capital Market Proclamation No. 1248/2021 and the Public Offer and Trading of Securities Directive No. 1030/2024. Gadaa Bank is proud to be a pioneering institution by listing on ESX, having successfully met all regulatory requirements.

The listing ceremony, held today at the ESX headquarters, was attended by key stakeholders, including government officials, financial experts, and members of the media.

Mr. Wolde Bulto, CEO of Gadaa Bank, highlighted the significance of the event, stating:

“The listing will create liquidity for our shareholders and unlock new opportunities for capital formation. This will allow us to expand our reach and introduce innovative financial products and services that genuinely address the diverse needs of our customers.”

Dr. Hassen Hussien, Chairperson of Gadaa Bank, added:

“As a new player in the banking industry, we are committed to building a strong foundation based on trust and transparency. Being listed on the Ethiopian Securities Exchange reaffirms our dedication to transparency, growth, and public participation in our journey. We believe this will enhance our financial capacity, strengthen corporate governance, and improve our trust and credibility in the market.”

Dr. Tilahun E. Kassahun, CEO of the Ethiopian Securities Exchange (ESX), remarked: “Today marks yet another proud moment for Ethiopia’s capital market. Gadaa Bank’s listing

demonstrates the growing confidence in our Exchange and the value of public markets in driving inclusive economic growth. We commend Gadaa Bank for its leadership and commitment, and we look forward to supporting more institutions in accessing capital, deepening market participation, and building long-term value for the Ethiopian people.”

Gadaa Bank aims to provide exceptional, customer-centric banking services to the community in a welcoming environment, while maximizing shareholder value and maintaining trust and transparency through heightened compliance.

The Bank extends its gratitude to both ECMA and ESX for their support throughout the listing process and congratulates its shareholders and customers on reaching this milestone.

Media Contacts:

Gadaa Bank S.C.

Email: info@gadaabank.com

Short Phone Code: 641

Wongel Tamene

Senior Manager, Communication & Partnership, ESX

Email: wongel.tamene@esx.et

Phone: +251 923 591 221