Further Cautionary

Statement

Notice to Shareholders

Further to the Cautionary Announcements issued on

18WithdrawalJune 2022, 21 Julyof2022Cautionaryand 29 AugustAnnouncement2022, the Directors of CBZ Holdings Limited ("the Company"), wish to advise all shareholders and the investing public that the Company is

Shareholders are referred to the Cautionary Statements issued by still engaged in negotiations for a potential acquisition of a

the CBZ Holdings Limited (the Company) Board during the course of complimentary business.

years 2017, 2018 and 2019.

The acquisition if successfully concluded, may have a material impactCBZ Bankon theLimitedvalue ofhasthebeenCompany'sco-operatingshares,intheinvestigationsfull impact ofby whichthe Officeis currentlyof ForeignbeingAssetdeterminedControl. (OFAC) regarding historical

transactions involving a party that was subject to OFAC economic

Accordingly,sanctions. OFACShareholdershas concludedare advisedits investigationsto exerciseandcautionthe matter has whenb endealingresolvedin thethroughCompany'sthe isshau nceres untilof aaCautiofull annaryouncLetterment.

is made.

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

BY ORDER OF THE BOARD

the Company and caution is no longer required to be exercised by shareholders when dealing in their securities.

By order of the Board

Rumbidzayi Angeline Jakanani

GROUP LEGAL CORPORATE SECRETARY

REGISTERED HEAD OFFICE

5 RumbidzayiCampbell Road Angeline Jakanani

Pomona

BorrowdaleGroup Legal Corporate Secretary

Harare, Zimbabwe

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

Email:5th Floinfo@cbzhr, Union.coHouse.zw

60 Kwame Nkrumah Avenue

26Harare,SeptemberZimbabwe2022

DIRECTORS:Telephone: 0242 - 748 050 - 79

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

Blessing Mudavanhu* (Group Chief Executive Officer),

31 August 2020

Tawanda L. Gumbo*(Group Chief Finance Officer)

* Executive Director

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CBZ Holdings Ltd. published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 17:15:02 UTC.