RNS Number:9709U
NMBZ Holdings Ld
24 April 2002



                              NMBZ HOLDINGS LIMITED

                               Holding company of
                 NMB Bank Limited (Registered Commercial Bank)
              and Continental Securities Trading (Private) Limited


                            CAUTIONARY ANNOUNCEMENT


Shareholders are advised that discussions have commenced in respect of a
transaction, which could have a significant impact on the Company's share price.
This transaction is subject to regulatory and other approvals.  Shareholders
will be advised of further developments, but should consult their professional
advisors before dealing in their shares.



By Order of the Board

M B Narotam                                       First Transfer Secretaries 
Company Secretary                                 (Private Limited)              
Fourth Floor, Unity Court                         13th Floor              
Corner First Street/Kwame Nkrumah Avenue          Century Towers              
Harare, Zimbabwe                                  Samora Machel Avenue              
                                                  Harare, Zimbabwe

24 April 2002



Enquiries:

Corinna Dorward                                   Tel: +44 20 7457 2020
College Hill
78 Cannon Street
London EC4N 6HH
United Kingdom


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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