Published: 22 July 2013

ANNOUNCEMENT TO SHAREHOLDERS

The Directors of Zimplow Holdings Limited are pleased to announce the disposal of Puzey & Payne Limited, effective 1 st June 2013, to its management, who are supported by a strategic partner. The disposal will allow Zimplow Holdings Limited to streamline its operations and focus on its key strategic objectives.

The Directors obtained an independent opinion from advisors that the terms of the transaction are 'fair and reasonable' to the company's shareholders.

Further, details with respect to this transaction will be made available in the next interim results of the Company.


By Order of the Board
M. Chinorwadza Company Secretary 9 July 2013


- Zimplow

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