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Wednesday 09 August, 2006

NMBZ Holdings Ld

Result of EGM

NMBZ Holdings Ld
09 August 2006

                             NMBZ HOLDINGS LIMITED

(Incorporated in Zimbabwe on 6 March 1995 under company registration 
                              number 1714/95)



   Directors: Dr. G M Mandishona (Chairman), Dr. D T Hatendi (CEO)*, M L dos
                  Remedios*, J P de la Fargue, Dr. J T Makoni,

         A M T Mutsonziwa, J A Mushore, Mrs D J Sibanda    * Executive



    Address: 1st Floor, Unity Court, Cnr 1st/ Kwame Nkrumah Avenue, Harare.

                            Website: www.nmbz.co.zw




RESULTS OF THE EXTRAORDINARY GENERAL MEETING ('EGM')



The directors of NMBZ Holdings Limited ('NMBZ' or 'the Company') are pleased to
advise that, at the EGM of NMBZ Shareholders, held on Friday 28 July 2006:



1.  The ordinary resolution to appoint Auditors for the Company for the
    current and ensuing year was passed with the requisite majority.



2.  The special resolution to increase the authorised share capital of the
    Company from $312 500 000 (Three Hundred and Twelve Million Five Hundred
    Thousand Dollars) divided into 1 250 000 000 (One Billion Two Hundred and 
    Fifty Million) ordinary shares of a nominal value of $0.25 (Twenty-five 
    Cents) each, to $562 500 000 (Five Hundred and Sixty Two Million and Five 
    Hundred Thousand Dollars) by the addition thereto of 1 000 000 000 
   (One Billion) ordinary shares of $0.25 (Twenty-five Cents) each, and to place 
    the unissued shares under the control of the Directors for the purposes of a  
    recapitalisation programme by way of a Rights  Issue on terms and conditions 
    to be determined by the Board of Directors, was passed with the requisite 
    majority.








BY ORDER OF THE BOARD

Company Secretary:                       Registered Office:
M. B. Narotam                            1st Floor Unity Court
                                         Cnr First Street/ Kwame Nkrumah Avenue
Friday 28 July 2006                      Harare







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