Further Cautionary

Statement

Notice to Shareholders

Further to the Cautionary Announcements issued on 18 June 2022,

21WithdrawalJuly 2022, 29 Augustof Cautionary2022, 27 SeptemberAnnouncement2022, 14 November 2022, and 19 January 2023, the Directors of CBZ Holdings Limited ("the Company"),

wishShareholdersto advise allareshareholdersreferred toandthetheCautionaryinvesting publicStatementsthat theissuedCompanyby is stilltheengagedCBZ HoldingsnegotiationsLimitedfor(thea potentialCompany)acquisitionBoard duringof a complimentarythe course of

years 2017, 2018 and 2019. business.

CBZ Bank Limited has been co-operating in investigations by

The acquisition if successfully concluded, may have a material impact on the the Office of Foreign Asset Control (OFAC) regarding historical

valuetransactionsof the Company'sinvolvingshares,partythethatfullwasimpactsubjectof whichto OFACis currentlyeconomicbeing determinedsanctions. 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 As a result thereof, the contents of the previous Cautionary

the Company's shares until a full announcement is made. Announcements have ceased to have any relevance or effect on the Company and caution is no longer required to be exercised by

BY ORDER OF THE BOARD

shareholders when dealing in their securities.

By order of the Board

Rumbidzayi Angeline Jakanani

GROUP LEGAL CORPORATE SECRETARY

REGISTEREDRumbidzayiHEADAngelineOFFICEJakanani

5 GroupCampbell RoadLegal Corporate Secretary

Pomona

BorrowdaleREGISTERED HEAD OFFICE

Harare, Zimbabwe

5th Floor, Union House

Telephone: (263-4) 748 050 - 79

60 Kwame Nkrumah Avenue

Email: info@cbzh.co.zw

Harare, Zimbabwe

28Telephone:February 20220242 - 748 050 - 79 Email: info@cbz.co.zw

DIRECTORS:

Marc L Holtzman, Edward E. Galante, Rebecca L. Gaskin Gain, Louis C. Gerken,Edward U. Mashingaidze,

31 August 2020

Blessing Mudavanhu* (Group Chief Executive Officer),

Tawanda L. Gumbo*(Group Chief Finance Officer)

* Executive Director

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CBZ Holdings Ltd. published this content on 02 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2023 10:37:06 UTC.