EcoCash Zimbabwe : Results of Annual General Meeting

(formerly Cassava Smartech Zimbabwe Limited)

(Incorporated in Zimbabwe on 29 March 2012 under Company Registration Number 2487/2012)

ZSE Alpha Code: EHZL.zw ISIN ZW0009012437

RESULTS OF ANNUAL GENERAL MEETING

Announcement of the Results of Voting at the Fourth Annual General Meeting of the members of EcoCash Holdings Zimbabwe Limited held on Friday 21 October 2022.

Shareholders are advised that the results of voting at the Fourth Annual General Meeting of the Company held on Friday 21 October 2022 are as follows:

RESOLUTION	RESULTS
1.	As an Ordinary Resolution - Adoption of Financial Statements for the year ended 28	PASSED
	February 2022
	To receive and pass the financial statements for the year ended 28 February 2022
	together with the reports of the Directors and Auditors thereon.

2. As an Ordinary Resolution - Election of Directors

2.1	To re-elect Mr. D T Mandivenga as a Director of the Company.	PASSED
	In accordance with Article 81 of the Company's Articles of Association they retire by
	rotation at the Company's Annual General Meeting and, being eligible, offer themselves
	for re-election. Each Director shall be separately elected.

2.2 To re-elect Mr. C Maswi as a Director of the Company.	PASSED
In accordance with Article 81 of the Company's Articles of Association they retire by
rotation at the Company's Annual General Meeting and, being eligible, offer themselves
for re-election. Each Director shall be separately elected.

2.3	To re-elect Mr. D Musengi as a Director of the Company.	PASSED
	In accordance with Article 81 of the Company's Articles of Association they retire by
	rotation at the Company's Annual General Meeting and, being eligible, offer themselves
	for re-election. Each Director shall be separately elected.

3.	As an Ordinary Resolution - Directors' Remuneration	PASSED
	To approve the remuneration of Directors for the year ended 28 February 2022.
4.	As an Ordinary Resolution - Approval of Auditors' Fees	PASSED
	To approve the auditors' remuneration for the year ended 28 February 2022.
5.	As an Ordinary Resolution - Approval of Appointment of Auditors	PASSED
	To note the retirement of Deloitte & Touche as Auditors of the Company and confirm the
	appointment of BDO Zimbabwe Chartered Accountants as auditors of the Company until
	the next Annual General Meeting.
6.	Special Business- Special Resolution -Share Buyback	PASSED
	To consider and, if thought fit, approve and adopt the following resolution:
	As a Special Resolution: "That the Company, as duly authorised by Article 10 of its Articles
	of Association, may undertake the purchase of its own ordinary shares in such manner
	and on such terms as the Directors may from time to time determine, provided that the
	repurchases are not made at a price greater than 5% above the weighted average of the
	market value for the securities for the five business days immediately preceding the date
	of the repurchase and also provided that the maximum number of shares authorised to
	be acquired shall not exceed 10% (ten percent) of the Company's issued ordinary share
	capital.
	That this authority shall expire at the next Annual General Meeting and shall not exceed
	beyond 15 months from the date of this resolution".

By Order of the Board

Mrs. C.R. Daniels

Group Company Secretary

26 October 2022

DIRECTORS:

Mrs S.G. Shereni (Chairperson), Mr M.L. Bennett, Dr Z. Dillon, Miss E.T. Masiyiwa, Mr C. Maswi, Mr D. Musengi,

Mr H. Pemhiwa, Mr D.T. Mandivenga, Mr E. Chibi*, Mrs T. Nyemba*. * Executive.

REGISTERED OFFICE: 1906 Liberation Legacy Way, Borrowdale, Harare, Zimbabwe.