NMBZ HOLDINGS LIMITED

Imara Edwards Fifth Annual Investor Conference Stewarts Room, Meikles Hotel, Harare. Monday, 3 June 2013

NMBZ Holdings
NMBZ is a Zimbabwean based investment holding company whose principal subsidiary is NMB Bank Limited, a registered commercial bank in terms of the Zimbabwean Banking Act Chapter 24:20. Its other subsidiary is Stewart Holdings (Private) Limited, an equities holding company. The Group has a dual listing on the Zimbabwean Stock Exchange and the London Stock Exchange.

History of NMBZ Holdings

Established in 1993 as National Merchant Bank of Zimbabwe Limited & registered as an Accepting House under the Banking Act becoming the 1st indigenous bank. Converted to a commercial bank in 1999. Listed on the Zimbabwe Stock Exchange & London Stock Exchange in 1997. Awarded the international EURO Money awards for Excellence both in 1998 and 1999. Also won the Financial Times Banker Magazine, Bank of the Year Award for the best bank in Zimbabwe, in 2001 and 2002. Became a VISA member in 2000. 2010-Raised $10 million through a Rights Issue that saw African Century Financial Services Investments LLP (an investment partnership from London) take up 28.21% shareholding in NMBZ Holdings Limited, this was later reduced to 25% to comply with regulations. 2013-Private placement & coming in of FMO (Netherlands DFI), AfricInvest (Tunisian Private Equity Fund) & Norfund (Norwegian DFI) as shareholders with a 9% stake each.

NMBZ HOLDINGS LIMITED CORPORATE STRUCTURE

NMBZ Holdings Limited

Stewart Holdings

NMB Bank Limited

100%

100%

Shareholding Structure Prior to Private Placement

Shareholder African Century LLP Old Mutual Zimbabwe limited Lalibela Limited Alsace Trust Cornerstone Trust Wamambo Investments Trust

Shareholding (%) 25.1 20.9 7.7 6.0 6.0 5.1

Shareholding Structure post Private Placement

Shareholder Shareholding (%) African Century LLP (UK based Partnership) 18.3 Old Mutual Zimbabwe 15.3 Founding shareholders (Zimbabwean) 12.5 AfricInvest (Tunisian Private Equity Fund) 9.0 FMO (Netherlands DFI) 9.0 Norfund (Norwegian DFI) 9.0

Note: The investment by AfricInvest, FMO & Norfund is awaiting Central

Bank Exchange Control Approval.

Vision, Mission & Core Values

VISION To be the leading financial services group in our chosen market. MISSION To provide premium financial services to existing and potential high net worth individuals and businesses. VALUES Integrity, Professionalism, Excellence, Loyal & dedicated staff, Innovation, Shareholder value.

Strategy & Products

The bank's business model targets corporates, institutions and high net worth & potential high net worth individuals. The bank also targets SMEs with a view of growing them into strong economic players.

The Bank operates through strategic placement of 10 service centres at key commercial and industrial locations in the major cities of Harare, Bulawayo, Gweru and Mutare.

Strategy & Products

The bank offers the following services: Corporate Banking SMEs Banking Agribusiness Personal Banking services Treasury International Banking Mortgage Finance Lease Finance International Visa Cards Corporate Finance & Advisory Services

Financial highlights
31 Dec 2012 Cost/Income Capital adequacy 72% 15.50% 31 Dec 2011 76% 14.37%

Annualized Return on Average Equity

Impairment Provisions/Loans and advances

28%
4.8%

22%
2.8%

Financial Highlights
35%

Return on Average Equity 2009 - 2012

31%
Affected by Retrenchment exercise

30%

28%

25%

22%
20% Adjusted ROE = 20% 15% Return on average equity

10%

5%
5%

0% 31/12/2009 31/12/2010 31/12/2011 31/12/2012

Cost to Income ratios - 2009 to 2012

Cost to income ratio
100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 31/12/2009 31/12/2010 31/12/2011 31/12/2012 89% 95% 76% 72%

Affected by Retrenchment exercise Adjusted = 77%

Financial highlights
31 Dec 2012 31 Dec 2011 % Change

Attributable profit (US$) Basic earnings per share(US cents)

7 570 502 0.27

4 538 456 0.16

167 287 333 0.83 119 596 646 139 226 144 23 371 581

+67% +69%
+35% +33% +27% +37% +32%

Asset base (US$) 226 533 682 Net asset value per share (US cents) 1.10 Gross loans and advances (US$) 152 417 375 Total deposits (US$) Total Equity (US$) 191 422 066 30 942 083

Consolidated statement of comprehensive income

Net interest income Net foreign exchange gains Share of profit of associate Non-interest income Net operating income Operating expenditure Impairment losses on loans 31 Dec 2012 17 493 781 1 902 337 434 252 15 609 630 -------------35 440 000 (21 452 714) (3 985 062) ------------10 002 224 (2 431 722) ------------7 570 502 -------------7 570 502 ========= 31 Dec 2011 14 259 934 1 289 729 113 573 9 830 798 -------------25 494 034 (17 004 270) (2 296 111) ------------6 193 653 (1 655 197) ------------4 538 456 ------------4 538 456 ========= % Change +23% +47% +282% +59% -----+39% +26% +74% ------+61% +47% ------+67% -------+67% =====

Profit before taxation Taxation

Profit after taxation Other comprehensive income Total comprehensive income

Consolidated statement of financial position

Total Equity Deposits Other liabilities Total Equity & liabilities Cash and cash equivalents Investment securities held to maturity Loans and advances Provisions for impairment Non-current assets held for sale Investment Properties Property & equipment Other assets Total assets 31 Dec 2012 30 942 083 191 422 066 4 169 533 ----------------226 533 682 ========== 58 171 045 5 501 963 152 417 375 (8 469 178) 2 225 300 3 115 300 8 187 459 5 384 418 --------------226 533 682 =========== 31 Dec 2011 23 371 581 139 226 144 4 689 608 ---------------167 287 333 ========== 32 265 953 2 126 657 119 596 646 (4 402 095) 2 510 000 6 801 982 8 388 190 ---------------167 287 333 ========== % Change 32% 37% (11%) -------35% ====== 80% 159% 27% 92% 100% 24% 20% (36%) -------35% =====

Future Growth Drivers

Sourcing International Lines of Credit to support the productive sectors of the economy. Support the SMEs sector to become a key growth driver. Mobilise resources to support key infrastructure such as energy, transport, water e.t.c. Uphold highest Corporate Governance standards and strong risk management systems. Foster sustainability and environmental awareness in our business and all the businesses that we support, to include broader social, economic and responsible finance issues.

Contact Details
NMBZ Head Office First Floor, 64 Unity Court Building, Corner Kwame Nkrumah Avenue/First Street Harare, Zimbabwe Tel: (+263-4) 759651-9 Key Contacts James A Mushore, Group Chief Executive Officer, NMBZ Holdings Limited, jamesm@nmbz.co.zw Francis Zimuto, Deputy Group Chief Executive Officer, NMBZ Holdings Limited, francisz@nmbz.co.zw Benefit Peter Washaya, Managing Director, NMB Bank Limited, benefitw@nmbz.co.zw Benson Ndachena, Chief Financial Officer, NMBZ Holdings Limited, bensonn@nmbz.co.zw Website: http://www.nmbz.co.zw Email: enquiries@nmbz.co.zw

Questions and Answers

Thank You