RNS Number:0282W
NMBZ Holdings Ld
17 May 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 negotiations are continuing in respect of a
transaction which could have a significant impact on the Company's share price
and should therefore consult their professional advisors before dealing in their
shares."



By Order of the Board


M B Narotam                         First Transfer Secretaries (Private Limited)
Company Secretary                   13th Floor
4th Floor, Unity Court              Century Towers
Corner First Street/                Samora Machel Avenue
Kwame Nkrumah Avenue                Harare, Zimbabwe
Harare, Zimbabwe

                                    College Hill
                                    78 Cannon Street
                                    London EC4N 6HH
17th May 2002                       United Kingdom





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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