Further to the Circular to Shareholders dated Monday, 11 May 2026 and the results of the Extraordinary General Meeting (“EGM”) held on Tuesday, 2 June 2026, the Board of Directors of First Mutual Properties Limited (“FMP” or the “Company”) wishes to remind Shareholders, the investing public, and all stakeholders that the Company has satisfied all regulatory requirements for the voluntary termination of its listing on the Zimbabwe Stock Exchange (“ZSE”). Accordingly, the Effective Date of Delisting will be Thursday, 2 July 2026.

As previously announced, the voluntary delisting is accompanied by an offer (the “Offer”) by First Mutual Holdings Limited (“FMHL”), the Company’s majority shareholder, underwritten by Morgan & Co International (Private) Limited (the “Underwriter”, to acquire all Shares held by the minority shareholders of FMP at a cash consideration of US$0.033 per Share.

The Offer opened on Wednesday, 3 June 2026 and closed at 1600 hours on Wednesday, 24 June 2026. Valid acceptances were received in respect of 39,649,961 Shares, representing a total Offer consideration of US$1,308,448.71.

The Shares tendered under the Offer will be transferred, on Wednesday, 1 July 2026. Payment of the Offer consideration will be made by electronic bank transfer within seven business days of the transfer of the Shares, net of any applicable Capital Gains Tax (“CGT”) and statutory transaction levies required to be withheld in accordance with the laws of Zimbabwe.

Following the delisting, FMP will continue as a public unlisted company with effect from Thursday, 2 July 2026. Shareholders who did not accept the Offer will remain shareholders of the Company, and details of the Over-the-Counter (“OTC”) trading platform through which Shares may be traded following the delisting will be communicated in due course.

By order of the Board

Dulcie Kandwe
Company Secretary

29 June 2026