CBZ : Notice to FMHL Shareholders

Notice To

Shareholders

NoticeNoticeto First Mutualto HoldingsShareholdersLimited shareholders relating to the Mandatory Offer by CBZ Holdings Limited to Minority

Shareholders in First Mutual Holdings Limited.

Withdrawal of Cautionary Announcement

Further to the Notice to Shareholders of First Mutual Holdings Limited "FMHL"

issued by CBZ Holdings Limited "CBZHL' on 19 April 2024 relating to the Mandatory

Shareholders are referred to the Cautionary Statements issued by

Offer in accordance with the Zimbabwe Stock Exchange Listing Requirements and

the CBZ Holdings Limited (the Company) Board during the course of

the Companies and Other Business Entities Act (Chapter 24:31), shareholders are

years 2017, 2018 and 2019.

advised that CBZHL has engaged the Zimbabwe Stock Exchange "ZSE" for a further

extensionCBZ Bankof theLimitedtime withinhas beenwhichcoCBZHL-operatingmust makein investigationsthe MandatorybyOffer to the remainingthe Officeshareholdersof Foreignof FMHLAsset. AsControlper the(OFAC)ZSE requirements,regardingCBZHLhistoricalcannot proceed withtransactionsthe MandatoryinvolvingOffer untila partyit hasthatsecuredwasapprovalsubjectfromto OFACthe Competitioneconomicand Tariff

Commissionsanctions(CTC). OFAC. has concluded its investigations and the matter has been resolved through the issuance of a Cautionary Letter.

At this stage the CTC has been notified of the Mandatory Offer and remains in the process

ofAsreviewinga resultthethereof,transactiontheincontentsterms of theof Competitionthe previousActCautionary(Chapter 14:28). The ZSE has beenAnnouncementsadvised of the currenthave ceasedstatus andtohashavethereforeany relevancegranted CBZHLor effecta dispensation for a

furtherCompany90-dayextensionand cauwithinionwhichis notolongermake therequiredMandatory beOfferexercisedstarting fromby 10 July

2024share. TholdersZSE willwhenproceeddealingto reviewin theirOffersecuritiesonce the. CTC approval has been secured.

BYByORDERorderOFofTHEthe BOARDBoard

Rumbidzayi Angeline Jakanani

GROUPRumbidzayiCHIEF GOVERNANCEAngeline JakananiOFFICER

Group Legal Corporate Secretary

REGISTERED HEAD OFFICE

5 CampbellREGISTEREDRoad HEAD OFFICE

Pomona

5th Floor, Union House

Borrowdale

60 Kwame Nkrumah Avenue

Harare, Zimbabwe

Telephone:Harare, Zimbabwe(263-4) 748 050 - 79

Email:Telephone:[e-mail]- 748 050 - 79

Email: [e-mail]

15 July 2024

DIRECTORS:31 August 2020

Luxon Zembe (Chairman), Edward U. Mashingaidze (Deputy Chairman) Edward E. Galante, Rebecca Gaskin Gain,

Louis C. Gerken, Lawrence Nyazema* (Group CEO), Tawanda L. Gumbo* (Group CFO)

*Executive Director

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