Chobe : SIGNIFICANT TRADE IN COMPANY’S SECURITIES

CHOBE HOLDINGS LIMITED

"the Company" or "the Group"

Incorporated in the Republic of Botswana (Registration Number Co. BW00001487283)

M.T. Sekgororoane (Chair); J.M. Gibson (Deputy Chairman), J.K. Gibson (CEO)

L. Odumetse (Managing Director), J.A. Bescoby, A.C. Dambe, S.D.S. Fernando, B.D. Flatt, K. Ledimo

J.M. Nganunu-Macharia, D.S. Ter Haar, A.M. Whitehouse

SIGNIFICANT TRADE IN COMPANY'S SECURITIES

Chobe Holdings Limited hereby announces to Shareholders, in line with Appendix 5C of the Botswana Stock Exchange Equity Listings Requirements, that there has been a significant trade in the Company's securities (over 5% of total securities in issue).

Shareholders are notified that 9,000,000 shares have been sold by African Finance Holdings Limited ('AFH'). The number of shares sold represents 10.06% of total securities issued by Chobe. The transaction took place on the 22nd of August 2023 and the total on-market sale value of the transaction was BWP132,750,000.

Shareholders are further informed that on the 22nd of August 2023, Botswana Public Officers Pension Fund ('BPOPF') acquired 8,201,450 of the 9,000,000 shares. This represents 9.16% of the total securities issued by the Company.

As a result of the above trade, and as at 25th of August 2023 (the settlement date), AFH holds 22.30% shareholding in the Company while BPOPF, through its various asset managers, holds 26.35% shareholding in the Company.

The Board of Directors

Chobe Holdings Limited

25 August 2023