RioZim : 2021 Annual Report

RioZim Limited, a company listed on the Zimbabwe Stock Exchange (ZSE) since 1971, is pleased to present its annual report for the year ended 31 December 2021.

REPORTING SCOPE

The report contains information about the operations and exploration projects of RioZim Limited ("the Company") and its subsidiaries (together "the Group") in Zimbabwe. Any references in this report to ''our'', ''we'', ''us'', ''the Group'', "Company," "and RioZim" refers to RioZim Limited.

REPORTING FRAMEWORKS

This report was compiled with due consideration of the following regulatory requirements and reporting standards:

• Companies and Other Business Entities Act [Chapter 24:31];
• Zimbabwe Stock Exchange (ZSE) Listing Requirements; and
• International Financial Reporting Standards (IFRS).

DATA AND ASSURANCE

The financial statements were audited by Ernst & Young Chartered Accountants (Zimbabwe), in accordance with the International Auditing Standards (ISAs). The independent auditor's report is contained on pages 42 to 46.

REINSTATEMENTS

The Group did not make any reinstatements of data previously published.

CURRENCY

All references to $ refer to ZW$ throughout this report.

FORWARD LOOKING STATEMENT

This report may contain forward-looking statements which relate to the future performance and prospects of the Group. While these statements represent our judgements and future expectations, several known and unknown risks, uncertainties and other important factors may cause actual results to differ materially from our expectations. These include factors that could adversely affect our business and performance. Stakeholders are cautioned not to place undue reliance on any forward-looking statements contained herein. We do not undertake to update publicly or to release any revisions to these forward-looking statements, to reflect events or circumstances after the date of the publication of this report or to reflect the occurrence of unanticipated events.

FEEDBACK

We welcome your feedback on our annual report. If you have any suggestions on how we can improve our reporting or clarifications that you may need on any information provided in this report, please send your comments to Mr T Chiurayi, the Company Secretary on

Tawanda.Chiurayi@riozim.co.zw.