| Further Cautionary Statement

Published: 12 July 2017
Further to the cautionary statement published on 20 June 2017, shareholders are reminded that the Colcom Holdings Limited ("Colcom" or "the Company") Board of Directors received notification from its major shareholder, Innscor Africa Limited ("Innscor"), of its intention to extend an offer to minority shareholders for the purchase of their Colcom shares in exchange for Innscor shares. It is also the intention of the Company to apply to the Zimbabwe Stock Exchange for a voluntary delisting in terms of Section 1 of the Zimbabwe Stock Exchange Listing Requirements.

Shareholders will be provided with more details regarding the transaction 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 Company's shares.

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