RNS Number:5750Y
NMBZ Holdings Ld
15 July 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
Fourth Floor, Unity Court                      Century Towers
Corner First Street/Kwame Nkrumah Avenue       Samora Machel Avenue
Harare, Zimbabwe                               Harare, Zimbabwe


15 July 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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