CBZ : Further Cautionary Statement

Further Cautionary

Statement

Notice to Shareholders

Further to the Cautionary Announcements issued on 18 June 2022,

21WithdrawalJuly 2022, 29 Augustof Cautionary2022, 27 SeptemberAnnouncement2022, and 14 November 2022, the Directors of CBZ Holdings Limited ("the Company"), wish to advise

allSharehshareholdersandare thereferredinvestingto thepublicCautionarythat the CompanyStatementsis stillissuedengagedbyin negotiationsthe CBZ Holdingsfor a potentialLimitedacquisition(the Company)of complimentaryBoard duringbusinessthe .course of

years 2017, 2018 and 2019.

The acquisition if successfully concluded, may have a material impact on the CBZ Bank Limited has been co-operatingin investigations by

value of the Company's shares, the full impact of which is currently being the Office of Foreign Asset Control (OFAC) regarding historical

determinedtransactions. involving a party that was subject to OFAC economic sanctions. OFAC has concluded its investigations and the matter has

Accordingly, Shareholders are advised to exercise caution when dealing in been resolved through the issuance of a Cautionary Letter.

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

As a result thereof, the contents of the previous Cautionary BYAnnouncementsORDER OF THEhaveBOARDceased to have any relevance or effect on

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

17 January 2022

Harare, Zimbabwe

Telephone: 0242 - 748 050 - 79

DIRECTORS:

Email: info@cbz.co.zw

Marc L Holtzman, Edward E. Galante, 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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