ECONET WIRELESS ZIMBABWE LIMITED

(Incorporated in Zimbabwe on 4 August 1998 under Company registration number 7548/98)

ZSE alpha code: ECO ISIN: ZW 000 901 212 2

(Econet or the Company)

ECONET WIRELESS ZIMBABWE LIMITED - 2083

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the Board of Directors of Econet Wireless Zimbabwe Limited (the "Company") is considering proposals to call for an Extra Ordinary General Meeting of Members for the purpose of considering a renounceable rights issue (the "Rights Issue") of new ordinary shares in the capital of the Company (the "Rights Shares") to raise a total amount of approximately US$30.3 million that is required to redeem the outstanding Debentures in the Capital of the Company.

Accordingly, Shareholders and the investing public are advised to exercise caution when trading in the Company's securities until such time as the full details of the proposed rights issue are published.

By order of the Board

C.A. Banda

Group Company Secretary

4 April 2023

Lead-Financial Advisors

Transfer

Independent

Reporting

Exchange

Secretaries

Legal Advisor

Sponsoring Broker Financial Advisor

Accountants & Auditors

Control Advisor

Directors:

Dr. J. Myers (Chairman)*, Dr. D. Mboweni (Chief Executive Officer), Mr. R. Chimanikire (Deputy Chief Executive Officer),

Dr. J. Chimhanzi*, Mr. M. Edge*, Mr. M. Gasela*, Mr. G. Gomwe*, Miss. E.T. Masiyiwa*, Ms. B. Mtetwa*,

Mr C.L. Moyo (Finance Director), Ms T. Moyo*, Mr. H. Pemhiwa*. *Non Executive.

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Disclaimer

Econet Wireless Zimbabwe Limited published this content on 06 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2023 06:53:01 UTC.