CBZ : Further Cautionary Statement

Further Cautionary

Statement

Notice to Shareholders

Further to the Cautionary Announcements issued on 18 June 2022,

21 July 2022, 29 August 2022, 27 September 2022, 14 November 2022, 19WithdrawalJanuary 2023, 2ofMarchCautionary2023, 6 AprilAnnouncement2023, 5 June 2023, and 27 July 2023 the Directors of CBZ Holdings Limited ("the Company"), wish

toShareholdersadvise all shareholdersreferredandtothetheinvestingCautionarypublicStatementsthat the Companyissued byis stillthengagedCBZ HoldingsnegotiationsLimitedfor(thea potentialCompany)acquisitionBoardofduringa complimentarythe course of

businessyears 2017,. 2018 and 2019.

CBZ Bank Limited has been co-operating in investigations by

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

the value of the Company's shares, the full impact of which is 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 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

PomonaGroup Legal Corporate Secretary

Borrowdale

Harare, Zimbabwe

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

Email:5th info@cbzhFloor, Union.co.zwHouse

60 Kwame Nkrumah Avenue

05 September 2023

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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