In accordance with the Securities Act No. 41 of 2016, the Board of Directors (“the Board”) of Real Estate Investments Zambia Plc (“REIZ” or “the Company”) wishes to announce that Mr Sydney Popota, the Chief Executive Officer (“CEO”), will be leaving the Company upon expiry of his employment contract on 30 June 2020.

The Board wishes to thank Mr Popota for his valuable contribution to the Company and wishes him success in his future endeavours.

The Board further announces the appointment of Mr Moses Vera as Acting CEO for the company with effect from 1 July 2020. Mr Vera is currently the Finance Manager and Company Secretary of the Company. He has held the position for 3 years. He is a Chartered Accountant (ZICA, ICAZ, SAICA) and Certified Public Accountant British Columbia (Canada) and Master of Laws in International Banking & Finance Law (University of Liverpool, UK) and has 18 years’ experience in banking, finance, property & asset management, company secretarial and auditing functions.

In the interim, the Board will continue the process of seeking a candidate to permanently take up the position of CEO of the Company and will issue a further announcement once a permanent appointment has been finalized.

By order of the Board

Lusaka, Zambia – 19 June 2020