| Further Cautionary Statement

Published: 01 February 2018
Shareholders are reminded that the Simbisa Brands Limited (Simbisa or the Company) Board of Directors has approved, subject to Reserve Bank of Zimbabwe, other Regulatory approvals and shareholders approval, the application for a secondary listing of Simbisas Ordinary Share Capital on the London Stock Exchange Alternative Investments Market (AIM) in order to access additional funding for the Companys expansion. Further to this expansion initiative, shareholders are also advised that Simbisa is currently in negotiations for the acquisition of an international complimentary business.

Shareholders will be provided with more details regarding the transactions by way of a circular in due course. Accordingly, shareholders are advised to exercise caution and should consult their professional advisors before dealing in the Companys shares.
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