The Board of ZB Financial Holdings ("ZBFH") herein advises its valued shareholders and members of the public of the results of the mandatory Offer to Minority Shareholders of Mashonaland Holdings Limited ("Mash"). The offer was announced on the 20th of December 2022, opened on the 21st of December 2022, and closed on the 27th of January 2023.

The table below tabulates the results of the offer:

Description

Number of shares

Percentage

Shares tendered in terms of the offer

73,950

0.0044%

Current Shareholding Structure

Shares held by minority shareholders after the offer

833,930,561

49.4107%

Shares held by ZBFH and its Associates after the offer

853,822,947

50.5893%

Total number of Mash Shares in issue

1,687,753,508

100.0000%

In line with the published Mandatory Offer Notice dated the 20th of December 2022, Mashonaland Holdings Limited's shareholder spread remains compliant with the ZSE listings requirements, thus the company's listing shall be maintained.

ZBFH has since paid the total purchase consideration of the shares tendered in terms of the offer and accordingly ZBFH now holds a control block of the outstanding shares in Mashonaland Holdings Limited.

We wish to thank all the shareholders and the investing public for their continued support and confidence in the ZBFH vision.

By order of the Board,

Group Company Secretary 17 March 2023

ZB for you

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ZB Financial Holdings Ltd. published this content on 17 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2023 07:15:03 UTC.