IMPORTANT ANNOUNCEMENT

Moza Banco and Banco Terra de Moçambique-BTM, hereby, announce to its customers, partners and stakeholders, in general, that the Central Bank of Mozambique has approved the operations of capital increase of Moza Banco and the purchase of Banco Terra, as previously announced to the market.

Through this transaction, where the total capital increase of Moza Banco was done by Arise, this new partner will hold 29.5% of interests in the shareholders’ structure.

Arise is a leading investment fund management company in Africa with sustainable partnerships with financial entities in sub-Saharan Africa. The company was founded by three key investors, namely Rabobank (Dutch Reference Bank), Norfund (one of the largest investment funds in the world and of Norwegian origin) and FMO (Dutch Investment Fund). It currently manages more than USD 660 million in assets and operates in more than 10 countries.

It is further informed that this transaction also includes the purchase by Moza Banco of 100% of BTM’s capital.

The Chairman of the Board of Directors of Moza Banco, João Figueiredo, on one hand, said that this transaction will not only consolidate the financial and equity structure of the institution, but will also endow it with a strong competitive capacity to better serve its customers and the market in general.

The Chairman of the Board of Directors of BTM, Manuel Aranda da Silva, on the other hand, said that this transaction represents an opportunity to better achieve the bank's objectives of contributing to the economic and social development of Mozambique. It provides the possibility of being closer to customers and offering a wider range of banking services.

Deepak Malik, CEO of Arise, in turn, said that this transaction will allow Arise to expand its investments in Mozambique and ensure the mission of Arise to promote financial inclusion and stimulate economic development.


14/12/2018

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