Further Cautionary

Statement

Notice to Shareholders

Further to the Cautionary Announcements issued on 18 June 2022,

21WithdrawalJuly 2022, 29 Augustof 2022,Cautionary27 SeptemberAnnouncement2022, 14 November 2022, 19 January 2023, 2 March 2023, and 6 April 2023, 5 June 2023, the

Directors of CBZ Holdings Limited ("the Company"), wish to advise all Shareholders are referred to the Cautionary Statements issued by

shareholdersthe CBZ Holdingsand the Limitedinvesting(thepublicCompany)that the CompanyBoard duringis still theengagedcoursein of

negotiationsyears 2017,for2018a potentialand 2019acquisition. of a complimentary business.

TheCBZacquisitionBank Limitedif successfullyhas beenconclud-oped,ratingmayinhaveinvestigationsmaterial impactby on the Office of Foreign Asset Control (OFAC) regarding historical

the value of the Company's shares, the full impact of which currently transactions involving a party that was subject to OFAC economic

being determined.

sanctions. OFAC has concluded its investigations and the matter has been resolved through the issuance of a Cautionary Letter.

Accordingly, Shareholders are advised to exercise caution when dealing in

the Company's shares until a full announcement is made.

As a result thereof, the contents of the previous Cautionary Announcements have ceased to have any relevance or effect on

BYtheORDERCompanyOF THEand cautionBOARDis no longer required to be exercised by shareholders when dealing in their securities.

By order of the Board

Rumbidzayi Angeline Jakanani

GROUP CHIEF GOVERNANCE OFFICER

REGISTERED HEAD OFFICE

5 CampbellRumbidzayiRoad Angeline Jakanani

Pomona

BorrowdaleGroup Legal Corporate Secretary

Harare, Zimbabwe

Telephone:REGISTERED(263-4)HEAD748 050OFFICE- 79

Email: info@cbzh.co.zw 5th Floor, Union House

2460JulyKwame2023 Nkrumah Avenue

Harare, Zimbabwe

DIRECTORS:Telephone: 0242 - 748 050 - 79

MarcEmail:L Holtzman,info@cbzEdward.coE..Galante,zw Rebecca L. Gaskin Gain, Louis C. Gerken, Edward U. Mashingaidze,

Blessing Mudavanhu* (Group Chief Executive Officer), Tawanda L. Gumbo*(Group Chief Finance Officer)

* Executive Director

31 August 2020

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CBZ Holdings Ltd. published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 07:41:03 UTC.