CAPABILITY STATEMENT

ABC STOCKBROKERS LIMITED

Contents

• The Group

• About ABC stockbrokers

• services

• Credentials

• Core Leadership

• Technical Team

• Contact details

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The Group

HIB

• 1995

• Heritage Investment Bank was formed

• Specialist merchant Bank.

FMB +

HIB:

• 1997

• Merger between FMB and Heritage Group

FMB+

HIB+

BARD:

• 1998

• Heritage group acquired 100% of BARD Group

ULC+

UDC+

BARD:

• 1999-2001.

African

Banking Corporation

• 2001

• The result of all mergers and acquisitions

BancABC

• 2010

• Rebranding to effect new trading name

The group was formed as a result of a series of mergers and acquisitions of financial institutions operating in South Central Africa.

BancABC

Part of Atlamara

• 2014

•Atlasmara takes acquire 98% of BancABC

The Group Continued…

The Group before the takeover by Atlasmara Group had a primary listing on the Botswana Stock Exchange and a secondary listing on the Zimbabwe Stock Exchange. The Atlasmara Group has operations in Botswana, Mozambique, Rwanda, Tanzania, Zambia and Zimbabwe, with a representative office in South Africa.

Pan African Institution

RWANDA

About ABC Stockbrokers

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ABC Stockbrokers (Pvt) Ltd is a securities Company domiciled in Zimbabwe. The Company was established in 1997 when it started off as a joint venture between brokers and the BARD Group of Companies which at the time had 100% Control of one of the oldest discount house in Zimbabwe In 2000 the Company changed its name to ABC Stockbrokers (Pvt) Limited following a buyout of Bard Discount House by Heritage Bank in a Merger that saw three strong financial houses coming together to form African Banking Corporation (ABC) ABC immediately assumed a span of over 40 years wealth of experience in the financial industry of Zimbabwe at its formation. ABC Holdings (Pvt) Limited subsequently consolidated its control of ABC Stockbrokers (PVT) Limited in 2002 as it diversified its financial product offering

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Post Multi - Currency Track Record

Our Services:

• ZSE Sponsor services

• Share brokerage

• Margin transactions

• Market research

• General advisory

• Arbitrage trading

• Bond and Derivatives Trading

Key Strengths:

• Key talent

• Access to global capital

• research

• Proven track record

• regional footprint(grouop)

•Between the period October to December 2009, ABC Stockbrokers brokered about 80% of the Equities market share removals to JSE. It moved USD 5 million worth of Old Mutual shares on behalf of various clients •In November 2009, share disposals worth USD 2 million were done for Bindura Nickel Corporation which was seeking additional working capital to recapitalize its mining operations. •Star Africa shares worth USD 8 Million were sold to NSSA in December 2009. •During the same period, December 2010 ABC Stockbrokers also sold USD 4.5 million worth of Delta shares for Old Mutual Investment Group. •In January 2010, ABC Stockbrokers sold to NSSA USD 4 million worth of Star Africa shares. •In February 2010, ABC Stockbrokers sold USD 20 million worth of PPC shares on the JSE on behalf of Old Mutual Investment Group through the ZSE share removal window. •In 2014, ABC Stockbrokers sold $20million worth of Seedco shares on behalf of Cottco Limited and crossed $38m worth of ABCH shares which culminated in the takeover of ABCH by the Atlasmara Group.

Services

CREDENTIALS

Strengths in negotiating

strong track record in diverse sectors; expertise in designing and

drafting legal and marketing documentation to ensure smooth shareholder restructuring; expertise in negotiating and

making sure client complies fully with listing requirements. expertise in research and

marketing of the transaction expertise in corporate

valuations and financial modeling; awarded the ZIA best broker

to advise on the two biggest corporate action deals on the stock market 2014

extensive knowledge on

listing new issues

2012 - 2014 Public Transactions

Track-record :

-A proven track-record-

Bindura Nickel Corporation 2012 Lead Sponsoring broker US$21m Rights Issue US$16.2m Debt Restructure

ABCH 2012 Lead Sponsoring broker US$50m Rights Issue 2012

BAT 2012 Lead Sponsoring broker In US$16.2m ESOT to meet phase one of indigenization 2012

Star Africa Corporation Lead Sponsoring broker In US$9m disposal of non core assets in a scheme of arrangement 2013

SEEDCO Lead Sponsoring broker US$40m placement with a technical partner

FALGOLD 2013 Lead Sponsoring broker in an attempted US$5m buy out of minorities.

ABCH 2014 Lead Sponsoring broker $ 200million buy out of minorities by Atlasmara

AICO 2014 Lead Sponsoring broker US$50m buy out of minorities 2013 and in $20m disposal of SEEDCO shares

CREDENTIALS continued…

2016

Lead Sponsoring broker in an on-going transaction still

under a cautionary statements

Track-record :

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CORE LEADERSHIP

Joe Sibanda – MD Zimbabwe

Joe Sibanda was born in Zimbabwe in 1954. He has over 30 years

of banking experience, having started his career with other

commercial and merchant banking financial institutions operating

in both local and international markets. He held several senior

positions and was part of the executive management teams in

these banking institutions. He joined African Banking Corporation

(BancABC) as executive director, Banking Services and managing

director of UDC Limited in August 2000. He has also been

Managing Director for BancABC Botswana, BancABC Zimbabwe,

BancABC Mozambique and returned to Zimbabwe in 2014 as

Managing Director for BancABC Zimbabwe.

Joe holds a BCom degree with majors in Economics and Business

Management and is an Associate of the Institute of Bankers.

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CORE LEADERSHIP

Arnold Dhlamini –

Managing Director/Principal Broker

Arnold Dhlamini joined ABC Stockbrokers Private Limited in 1997 and

has over 15 years wealth of expertise and experience in the financial

services industry. Under his stewardship ABC Stockbrokers has led in

the most corporate action transaction by value and number since 2009

to date where the Company acted as a sponsoring broker He is a

member of the South African Institute of Financial Market (SAIFM),

Zimbabwe Stock Exchange, Chartered Securities Institute of London

(CSI), Institute of Bankers of Zimbabwe and the Institute of Stock

Brokers of Zimbabwe where he is currently the Vice Chairman. In 2005

he was nominated the best student for the SADC region on the JSE

Short Term Equity Trading course run by the economics department of

Pretoria University.

Arnold holds a post graduate certificate in management from

Nottingham Trent University and attended an in house Management

Leadership Development Programme (MLDP) run by Pretoria

University’s Gordon Institute Of Business Science (GIBS).

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TECHNICAL TEAM

Sheila Chiweshe Compliance & Legal

Rangarirai Mtungwazi Sales & Trading

James Chiuta Research

McDonald Gumbo Settlements

Wellington Wikirefu Finance

Contact Details

Arnold Dhlamini Managing Director /Principal Stockbroker and team leader

adhlamini@bancabc.com abctrading@bancabc.com

abcresearch@bancabc.com Tel : +263 4 703071-9; 781837-40

Direct : +263 4 701906 Mobile : +263 772 235 604

Heritage House

67 Samora Machel Avenue P.O. Box 3321

Harare Zimbabwe