CBZ : Notice to Shareholders

Notice to

Shareholders

DelayNoticein publicationto Shareholdersof 31 December 2022

Financial Statements

TheWithdrawalBoard of Directorsof(theCautionary"Board") of CBZ HoldingsAnnouncementLimited (the "Company") wishes to advise its shareholders that the Company was not able to publish its Financial

Statements for the year ended 31 December 2022 (the "Financial Statements") on or

Shareholders are referred to the Cautionary Statements issued by

before 31 March 2023.

the CBZ Holdings Limited (the Company) Board during the course of

Theyearsfinalization2017, 2018of theandCompany's2019. financial statements has been delayed due to the need to consider the impact of corporate transactions on financial reporting,

CBZ Bank Limited has been co-operating in investigations by

resolution of material matters around the audit of expected credit losses and related

the Office of Foreign Asset Control (OFAC) regarding historical

government guarantee on Agro-yield and CBZ Bank Loans.

transactions involving a party that was subject to OFAC economic

Thissanctiohas inadvertentlys. OFAC hasdelayedconcludedthe externalits investigationsaudit review processand theandmatteras suchhas

impactedbeen resolvedon the publicationthroughtimetablethe issuance. of a Cautionary Letter.

TheAsBoardresultfurtherthereof,wishestheto advisecontentsits Shareof tholderspreviousthat theCautionaryFinancial Statements

willAnnouncementsbe published by nohavelatercethansed15 Aprilto have2023any. Thisrelevanceis in line withor effectthe approvedon

extensionthe Companygranted toandthecautionCompanyisbynothelongerZimbabwerequiredStock Exchangeto be exercised. by

shareholders when dealing in their securities.

BY ORDER OF THE BOARD

By order of the Board

Rumbidzayi Angeline Jakanani

GROUP LEGAL CORPORATE SECRETARY

REGISTEREDRumbidzayiHEADAngelineOFFICEJakanani

5 Campbell Road

PomonaGroup Legal Corporate Secretary

Borrowdale

Harare,REGISTEREDZimbabweHEAD OFFICE

Telephone:5th Floor,(263Union-4)House748 050 - 79

Email:60 Kwameinfo@cbzhNkrumah.co.zwAvenue

Harare, Zimbabwe

5 Telephone:April 20230242 - 748 050 - 79

Email: info@cbz.co.zw

DIRECTORS:

Marc31LAugustHoltzman,2020Edward E. Galante, 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

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