ABC Holdings Limited Company Profile - BancABC

1 ABC Holdings Limited Company Profile WHO WE ARE. A strong emerging banking franchise in Southern Africa operating in five countries ABC Holdings Limited is the parent Company of a number of banks operating under the BancABC brand in sub-Saharan Africa, with operations in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe. A group management support services Company is located in South Africa. ABC Holdings Limited is registered in Botswana. We have a primary listing on the Botswana Stock Exchange and a secondary listing on the Zimbabwe Stock Exchange. Zambia Tanzania Botswana Mozambique Zimbabwe With a clear vision and core values BancABC Group's vision is to be Africa's preferred banking partner by offering world- class financial solutions. We will realise this by building profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and services to the benefit of all our shareholders.

2 BancABC 's core values centre on five distinct areas. They remain the guiding principles by which we operate and form the basis of our corporate personality. 1. A wide range of banking services and products The Group offers a diverse range of services including but not Limited to the following: Product mix in different countries Products Botswana Mozambique Tanzania Zambia Zimbabwe Advisory services . Consumer lending . Corporate banking . Retail and SME banking . Stockbroking . Wealth management . Treasury . Wholesale, Retail & SME Banking Services Corporate Banking Treasury Investment Banking Retail & SME Banking Retail & SME. Trade and Advisory Wealth Transactions, savings specialised services management & loans accounts, finance Local cards Working Commodity money M&A, Institutional & e-banking capital, finance, market New asset term loans, pre- and issues, management , FX trading asset post- Project retail asset Consumer finance shipment Deposit finance management lending finance, mobilisation buy-outs Personal unsecured structured Privatisation loans, group finance schemes 2 ABC Holdings Limited Company Profile .

3 OUR STORY. A proud history The Group was created in 2000 through a complex merger of First Merchant Bank (FMB), udc and Bard group of Companies. FMB had previously merged with Heritage Investment Bank, a small but highly innovative Merchant Bank in 1997. Originally, the bank focused exclusively on corporate and wholesale banking. In 2008 the bank started to expand into the retail banking space, developing a comprehensive set of retail services including SME and micro lending products. This expansion which was funded entirely from internal resources, has accelerated the bank's growth in recent years. 1956 First Merchant Bank of Zimbabwe ( FMBZ ) was established by Anglo American Corporation Zimbabwe Limited 1959 BARD Discount House Limited was established by Anglo American Corporation Zimbabwe Limited to focus on the domestic money market 1995 1997 Heritage Investment Bank Limited ( HIB ) established in Zimbabwe as a boutique Merchant Bank driven by technology and human capital.

4 HIB launched and pioneered a number of innovative products like commercial paper, currency swaps, corporate bonds, municipal and parastatal bonds etc HIB merged with FMB. Anglo American Corporation Zimbabwe retained 20%. of the new entity Feb to Mar Share swap between udc, FMBH and BARD resulting in the creation of African 2000 Banking Corporation Holdings Limited (ABCH). Jun 2000 Primary listing of ABCH on the Botswana Stock Exchange and a secondary listing on the Zimbabwe Stock Exchange Dec 2000 ulc Botswana credit institution licence transformed into a merchant banking licence 2000 2003 Acquisition of Holdings in regional ulc credit institution, transformation into merchant banking, Establishment of ABC Botswana, Mozambique, Tanzania, Zambia and Zimbabwe 2003 Zimbabwe economic implosion 2006 2007 IFC convertible loan of $20m BIFM Capital long-term loan of BWP250m NDB medium-term loan of bn 2008 2010 Launch of Retail Project and opening branches 2011 ADC acquisition of 22% of ABCH.

5 2012 Conclusion of rights issue, ADC acquires total of 55% shareholding of ABCH. 3. Our Story continued We have seen tremendous growth in all metrics 4 ABC Holdings Limited Company Profile . We have been supported by a strong shareholding BancABC has strong controlling shareholder due to the strategic alignment between African De vel op ment Corporation (ADC) and manage . ment, con trolling over 68% of the shares. ADC. views the co-operation as an excellent com bi na . tion of the operational bank manage ment skills in BancABC , combined with the fundraising and investing expertise at ADC. ADC (Bloomberg: , ) is a German stock exchange listed pan-African banking group focusing on sub-Saharan Africa's banking markets as well as on proprietary investments in selected frontier markets. 5. KEY PEOPLE. management and board members emphasize deep banking and emerging market experience Howard J.

6 Buttery Doreen Khama Chairman of the Board Board Member (Certificate in (Bachelor in Law, Accounting, University of Botswana, University of Natal) Lesotho, Swaziland). 40+ years of SSA business experience. Served 35+ years of SSA business experience. as a director since 2003. Recently retired as Served as director since 2007. She is Executive Chairman of Bell Equipment Ltd., founder and senior partner of the law firm expert in African business and complex Doreen Khama Attorneys and honorary corporate structure management . consul for Austria in Botswana. Douglas T. Munatsi Mark M. Schneiders Chief Executive Officer Board member (MBA Finance, (Master in Law, American University University of Leiden AMP, Harvard AMP, Harvard University) Business School). 29+ years of SSA banking experience, 27+ years Emerging Markets banking CEO of BancABC since formation in 2000 experience, previously served as Manager of and MD of its predecessors First Merchant Wholesale, Investment Banking, Retail and Bank and Heritage Investment Bank which Private banking operations in Asia, Latin he founded.

7 Prior to that served as an America, Europe and Africa. Member of executive of the IFC. ADC's management team Lakshmi Ngoni Kudenga Shyam-Sunder Board Member Board Member (Bachelor in (PhD in Finance, Accounting, MIT and MBA, University of Indian Institute of Zimbabwe). management ). Lakshmi has many years of financial experience 30+ years of SSA business experience. and is CFO and Director, Finance and Risk, Served as director since 2000. He is Multilateral Investment Guarantee Agency at currently the Managing Partner of BDO. the World Bank Group. She joined the IFC Zimbabwe and serves on several boards in 1994. in Zimbabwe. 6 ABC Holdings Limited Company Profile . Francis M. Dzanya Dr. Blessing Chief Operating Officer Mudavanhu Chief Risk Officer (BA in Banking, Insurance, Finance (MSc and Doctorate Sheffield Hallam in Mathematics, University) University of Washington).

8 30+ years SSA banking experience. Joined Heritage Investment Bank in 1995, 15+ years work experience. Joined BancABC . served with First Merchant Bank and in 2009 from Bank of America Merrill Lynch BancABC consecutively. Member of the where he worked as Director in Global Risk executive committee since 2006. management . Bekithemba Moyo Jyrki Koskelo Chief Financial Officer Board member (MBA in Banking and (MSc, Civil Engineering, Finance, Manchester Technical University of University, AMP, Helsinki, MBA, MIT). Harvard University). 17+ years banking experience with 30+ years global public and private sector BancABC and Stanbic. Prior to that served experience, African Development Corporation s as general manager at UDC and as an Co-CEO, former VP Global Industries and audit manager with Deloitte & Touche, member of management Committee of IFC, prior where he qualified as a chartered to that served as VP for Africa and managed accountant.

9 IFC's major growth in financial markets. Hashmon Matemera Managing Director BancABC Zimbabwe (MSc in Economics, University of Zimbabwe). 17+ years banking experience in merchant and commercial banking and as a central banker. He has served several positions including Executive Director of Banking Services at BancABC Zimbabwe. 7. OUR STRATEGY. We aim to become a leading pan-African Banking Group. This goal is supported by a track record of historic achievement and a set of attainable key funding and operational objectives. Historic and medium-term plan Phase 3: Phase 2: 2007 2015. 2003 2006. Phase 1: Realise pan-African 2000 2003 Build growth platform vision Network roll-out P. rovide additional capital to B. uild up new merchant all the banking subsidiaries banks to critical mass: I ntegrate Zimbabwe P. osition existing operations Grow revenue merchant bank, discount in top tier of banks in Capital injection (2006).

10 House and leasing countries of presence: Company into ABC P. reserve capital in Enhance earnings Zimbabwe Zimbabwe (2003 onwards) Grow assets Mobilise deposits C. onvert leasing companies C. lean up legacy issues: into merchant banks: ulc Mozambique sale I ntroduce new products/. Botswana (2000) (2003) services Zambia (2000) ulc Tanzania SPV (2003). Seek M&A opportunities Tanzania (2001) Capital injection (2006). C. omplete Retail banking A. cquire BNP/Nedbank in R. ationalise management branch roll-out programme Mozambique (2002) structures (2003 2004). C. onsolidate current I nstal integrated ICT Rationalise costs (2004). position system (2003) E. nhance governance and B. uild critical mass Enter micro-finance (2002) risk management systems control 5 10%. (2003 2004). marketshare in each operating market 8 ABC Holdings Limited Company Profile .