Joint Press Release

6 September 2023

CBZ Holdings Limited ("CBZHL") and the National Social Security Authority ("NSSA") jointly wish to advise all stakeholders that:

  1. In October 2021, they executed a Share Purchase and Sale Agreement ("the Agreement") in terms of which NSSA sold to CBZHL 31.22% of its shareholding in First Mutual Holdings Limited ("FMHL") ("the Transaction");
  2. The Transaction was approved by CBZHL Shareholders at an Extraordinary General Meeting held on 31 January 2022;
  3. All the required approvals have now been obtained and administrative aspects of the Agreement have been concluded; and
  4. Upon transfer of the shares purchased, CBZ Holdings Limited will become a significant shareholder of First Mutual Holdings Limited.

CBZ HOLDINGS LIMITED

NATIONAL SOCIAL SECURITY AUTHORITY

REGISTERED HEAD OFFICE

REGISTERED HEAD OFFICE

5 Campbell Road Pomona

NSSA House,

Harare, Zimbabwe

Cnr Selous Avenue / Sam Nujoma Street,

Telephone: (263-242) 748 050-79

Harare, Zimbabwe

Email: info@cbzh.co.zw

P Bag 7749, Harare

www.cbz.co.zw

Telephone (263-242) 799030 - 1

Telephone (263-242) 799033 /5

www.nssa.org.zw

Issued jointly by CBZ Holdings Limited and the National Social Security Authority.

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Disclaimer

CBZ Holdings Ltd. published this content on 06 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2023 14:49:01 UTC.