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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><o:p> </o:p></p><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=852 style='width:639.35pt;border-collapse:collapse'><tr><td width=847 colspan=4 valign=top style='width:634.95pt;padding:0in 5.4pt 0in 5.4pt'><h1 style='margin-left:26.1pt;line-height:105%'><img width=161 height=81 id="_x0000_i1031" src="cid:image001.jpg@01D510E4.B2A28180"><span style='mso-fareast-language:EN-US'><o:p></o:p></span></h1></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:solid #D9D9D9 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt'></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p 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style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> </span><o:p></o:p></p></td></tr><tr><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt'><p class=MsoSubtitle style='line-height:105%'><span class=style30><b><span style='color:black'><o:p> </o:p></span></b></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> </span><o:p></o:p></p></td></tr><tr><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:26.1pt;line-height:105%'><span class=style30><b><span style='font-family:"Verdana",sans-serif'>Bulls n Bears Daily Market Commentary : 22 May 2019</span></b></span><b><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></b></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='line-height:105%'><span class=style30><b><o:p> </o:p></b></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> </span><o:p></o:p></p></td></tr><tr style='height:1.0in'><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:1.0in'><p class=MsoTitle align=center style='text-align:center;line-height:105%'><a href="mailto:info@bulls.co.zw"><span style='font-family:"Verdana",sans-serif;color:windowtext;text-decoration:none'><img border=0 width=766 height=268 id="_x0000_i1030" src="cid:image002.jpg@01D510E4.B2A28180"></span></a><span class=style30><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:1.0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> </span><o:p></o:p></p></td></tr><tr style='height:10.05pt'><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:10.05pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><br>Zimbabwe Stock Exchange Update<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Market Turnover RTGS$ 9,653,793.23 with foreign buys at RTGS$ 5,034,330.00 and foreign sales were RTGS$ 5,426,059.39. Total trades were 247.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The All Share index’s bullish trend continues unabated adding a significant 3.19 points to close at 150.16 points. LAFARGE recovered $0.1500 to close at $1.1500, HIPPO VALLEY ESTATES gained $0.1400 to end at $1.8500 and MEIKLES was $0.0967 stronger at $0.7000. CASSAVA SMARTECH also increased by $0.0586 to settle at $1.1999 and DELTA traded $0.0501 firmer at $2.9457.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Trading in the negative; TSL eased $0.0500 to trade at $0.5500, ZB FINANCIAL HOLDINGS dropped $0.0305 to end at $0.3800 and SEEDCO LIMITED was $0.0181 down at $1.4324. AMALGAMATED REGIONAL TRADING decreased by $0.0100 to close at $0.1100 and RTG retreated by $0.0038 to settle at $0.0812.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><a href="mailto:info@bulls.co.zw"><span style='font-family:"Verdana",sans-serif;color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=766 height=268 id="_x0000_i1029" src="cid:image002.jpg@01D510E4.B2A28180"></span></a><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'> Global Currencies & Equity Markets<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>South Africa<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>South Africa's rand steady ahead of Fed minutes, stocks down<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>(Reuters) - South Africa’s rand steadied in afternoon trade on Wednesday as markets positioned for the release of minutes from the Federal Reserve’s latest meeting that might give more clues on the U.S. interest rate outlook.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Stocks were dragged down by Sasol as the South African petrochemicals firm raised the expected cost of its U.S. ethane cracker project by $1 billion.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>At 1530 GMT the rand was trading at 14.3825 per dollar following a close of 14.3800 overnight in New York.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>For much of this week, a dearth of domestic economic and political drivers has exposed it to offshore factors dominated by the U.S.-China trade standoff.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The Fed minutes will be released at 1800 GMT.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>South Africa-focused investors also await the central bank’s interest rates decision on Thursday.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>A Reuters poll of economists and analysts conducted last week forecast rates will stay at 6.75%, with the bank resisting pressure to lower them to support flagging economic growth.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>In fixed income, the yield on the benchmark government bond due in 2026 dipped by 6 basis point to 8.41%.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>On the bourse, the broader All-Share index declined 0.53% to 55,231 points, while the blue chips on the Top-40 index slipped 0.59% to 49,194 points.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Leading the downside was Sasol, which fell 13% to 375 rand, while property investment company Redefine declined 6.7 percent to 9.05 rand.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Zambia<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Zambia's central bank raises benchmark rate by 50 bps to 10.25%<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>(Reuters) - Zambia’s central bank raised its benchmark lending rate by 50 basis points to 10.25% to counter inflationary pressure and support macroeconomic stability, its governor Denny Kalyalya said on Wednesday.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Annual inflation is expected to remain above the bank’s 6-8 percent target over the next eight quarters, Kalyalya told journalists.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Those risks were also contributing to the negative sentiment which was pressuring the kwacha, he added.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>When asked about the situation at Vedanta-controlled Konkola Copper Mines (KCM), which is facing liquidation, Kalyalya said developments in the mining sector had a bearing on the economy.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>He added that he hoped a disagreement with mining companies over a hike in tax bills could be resolved amicably so that the focus can return to production.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Zambia has started to look for a new investor for KCM, President Edgar Lungu said on Monday, in a move likely to stoke international miners’ concerns about rising government intervention in the sector.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'> </span><a href="mailto:info@bulls.co.zw"><span style='font-family:"Verdana",sans-serif;color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=300 height=296 id="_x0000_i1028" src="cid:image003.jpg@01D510E4.B2A28180"></span></a><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Asia<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Asia stocks wobble as trade fears overshadow Huawei reprieve</span></b><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>(Reuters) - Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about trade frictions between the world’s two largest economies.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>MSCI’s broadest index of Asia-Pacific shares outside Japan initially edged up following gains on Wall Street but was last down 0.15%.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Australian stocks slipped 0.25%, South Korea’s KOSPI fell 0.45% and Japan’s Nikkei edged up 0.05%.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The U.S. Commerce Department on Monday granted Huawei Technologies Co Ltd a license to buy U.S. goods until Aug. 19, a move intended to give telecom operators that rely on Huawei time to make other arrangements.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The United States blocked Huawei from buying U.S. goods last week, a major escalation in the trade war against China, saying the firm was involved in activities contrary to national security.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Shares of technology companies helped lift Wall Street on Tuesday after Washington’s easing of curbs on Huawei. Chipmakers, many of which sell to Huawei, had been hit at the start of the week.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Leaders from G20 nations are scheduled to gather for a summit in Japan at the end of June.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The dollar traded at 110.580 yen after popping up to a two-week high of 110.675 against the safe-haven Japanese currency as risk aversion in the broader markets softened.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The greenback was also supported as U.S. yields rose in the wake of gains by Wall Street shares.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The euro was little changed at $1.1165 after brushing a 2-1/2-week trough of $1.1142.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The Australian dollar, sensitive to shifts in risk sentiment, slipped 0.15% to $0.6873. The currency had suffered losses the previous day when the country’s central bank governor said interest rates might be cut as soon as next month.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'>In commodities, U.S. West Texas Intermediate (WTI) crude futures were down 0.59% at $62.76 per barrel after American Petroleum Institute data showed that U.S. crude stockpiles rose unexpectedly last week. </span><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'> </span><a href="mailto:info@bulls.co.zw"><span style='font-family:"Verdana",sans-serif;color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=300 height=296 id="_x0000_i1027" src="cid:image003.jpg@01D510E4.B2A28180"></span></a><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:.3in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;text-indent:.3in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Commodities Markets<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;text-indent:.3in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Trade war worries drag copper to 4-month lows<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>(Reuters) - Copper prices hit a four-month low on Wednesday as an intensifying trade dispute between the United States and China took its toll on industrial metals with investors fearing damage to economic growth and weakened demand.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Aluminium also hit its lowest since January 2017 after a Brazilian court lifted production restrictions on a major alumina plant.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Benchmark copper on the London Metal Exchange (LME) closed down 1.1% at $5,928 a tonne after reaching $5,913.50, the lowest since Jan. 24.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The metal used in power and gas has fallen for four consecutive sessions and is down around 20% from highs in early June 2018, before the trade conflict began.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Societe Generale analyst Robin Bhar said the worsening macro-economic backdrop and trade situation were pushing metals lower, with speculative investors leading the selling.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>“Physical buyers are few and far between with all this uncertainty,” he said.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>TRADE WAR: China must prepare for difficult times, President Xi Jinping said on Wednesday after China’s ambassador to the United States said Beijing was ready to resume trade talks.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Media reports said Washington was considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, potentially inflaming the confrontation.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>U.S. Treasury Secretary Steven Mnuchin said Washington was considering further tariff increases and is at least a month away from enacting them.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>JAPAN: Japanese exports contracted for the fifth month in April, underlining the threat from the trade dispute.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>COPPER POSITIONING/TECHNICALS: Speculators’ net short in LME copper has expanded to 6.2% of open contracts, the most since October, brokers Marex Spectron said.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>SPREADS: The discount of cash copper and aluminium on the LME to the three-month contracts has grown, suggesting ample supply of nearby metal. MCU0-3 MAL0-3<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>PERU STRIKE: Chinese miner MMG said operations at its Las Bambas copper mine in Peru had not been disrupted by a road blockade.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>ALUMINIUM/NORSK HYDRO: The Albras aluminium smelter in Brazil, partly owned by Norsk Hydro, began to ramp up its output after a Brazilian federal court lifted production restrictions at the Alunorte alumina plant.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>LME aluminium ended down 1% at $1,779 a tonne after hitting a more than two-year low of $1,776.50 a tonne.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>OTHER METALS: Benchmark zinc fell 1.3% to $2,543 a tonne, lead lost 0.3% to $1,800 and tin finished down 0.6% at $19,325. Nickel was not included in closing rings, but had slipped 0.7% to $11,980 in electronic trading.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Gold steadies as dollar, stocks pull back; Fed minutes in focus<o:p></o:p></span></b></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>(Reuters) - Gold steadied on Wednesday, edging off a two-week low touched in the previous session, as the dollar retreated and equity markets fell on fresh trade fears ahead of the U.S. Federal Reserve’s release of minutes from its last meeting.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Spot gold inched up 0.1% to $1,275.65 per ounce as of 1324 GMT, having fallen to its lowest level since May 3 on Tuesday at $1,268.97.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>U.S. gold futures were 0.2% higher at $1,275.40 an ounce.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>The dollar index was down 0.1% after hitting a near one-month peak on Tuesday, boosted by higher U.S. Treasury yields after Washington temporarily eased trade restrictions imposed last week on Chinese telecom equipment firm Huawei.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Global stocks pulled back as relief over the Huawei move evaporated on reports that the White House was considering further sanctions on Chinese video surveillance firm Hikvision.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Gold is now more than 5% below its late February peak of $1,346.73 per ounce.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Markets are looking to the release at 1800 GMT of the minutes of the U.S. Federal Reserve’s latest meeting that might give more clues on the interest rate outlook.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Earlier this week, Fed Chair Jerome Powell said it would be premature to make a judgement about the impact of trade and tariffs on monetary policy.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Meanwhile, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, rose 0.4% to 739.69 tonnes on Tuesday.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>However, holdings have declined nearly 7% so far this year, indicating subdued investor interest in bullion.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>On the technical side, spot gold may now test support at $1,264 per ounce, a break below which could open the way towards $1,244, according to Reuters technical analyst Wang Tao.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Among other precious metals, silver was up 0.1% at $14.46 per ounce, while palladium lost 0.9% to $1,307.35.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'>Platinum slipped 1.3% to $803.10 an ounce, having touched its lowest since Feb. 18 at $800.50 earlier on Wednesday.<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;text-indent:1.35pt;line-height:105%'><o:p> </o:p></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:10.05pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr><td width=847 colspan=4 style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.55in;line-height:105%'><strong><span style='font-family:"Verdana",sans-serif;color:#345883'>INVESTORS DIARY 2019</span></strong><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=230 style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Company</span></b><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Event</span></b><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Venue</span></b><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=173 valign=bottom style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif'>Date & Time</span></b><span style='font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:3.25pt'><td width=230 valign=top style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><o:p> </o:p></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p> </o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><o:p> </o:p></p></td><td width=173 valign=top style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:20.15pt'><td width=230 valign=top style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'>NMB<o:p></o:p></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>AGM<o:p></o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'>Head Office, 4th Floor, Unity Court<o:p></o:p></p></td><td width=173 valign=top style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>23 May 2019 , </span>3pm<span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:20.15pt'><td width=230 valign=top style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><o:p> </o:p></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>Africa Day<o:p></o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><o:p> </o:p></p></td><td width=173 valign=top style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>25 May 2019<o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:20.15pt'><td width=230 valign=top style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'>Dairibord<o:p></o:p></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>AGM<o:p></o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'> Steward Room, Meikles<o:p></o:p></p></td><td width=173 valign=top style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>31 May 2019, </span>12pm<span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:20.15pt'><td width=230 valign=top style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'>Lafarge<o:p></o:p></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>AGM<o:p></o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'> Manresa Club, Arcturus<o:p></o:p></p></td><td width=173 valign=top style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>05 June 2019 ,</span> 12pm<span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:20.15pt'><td width=230 valign=top style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'>CBZ<o:p></o:p></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>AGM<o:p></o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'> Stewart Room, Meikles<o:p></o:p></p></td><td width=173 valign=top style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'>05 June 2019 ,</span> 3pm<span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:20.15pt'><td width=230 valign=top style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><o:p> </o:p></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p> </o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><o:p> </o:p></p></td><td width=173 valign=top style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:20.15pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:20.15pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=452 colspan=2 valign=top style='width:339.1pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><o:p> </o:p></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p> </o:p></span></p></td><td width=173 style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><o:p> </o:p></p></td><td width=6 valign=top style='width:4.4pt;padding:0in 0in 0in 0in;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-size:10.0pt;line-height:105%;font-family:"Trebuchet MS",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=230 valign=top style='width:172.35pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#D9D9D9;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><b><span style='font-family:"Verdana",sans-serif;color:black'><o:p> </o:p></span></b></p></td><td width=222 style='width:166.75pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#D9D9D9;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><b><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#D9D9D9;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><b><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p></td><td width=173 valign=bottom style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#D9D9D9;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><b><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=452 colspan=2 valign=top style='width:339.1pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=173 valign=bottom style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td></tr><tr style='height:3.25pt'><td width=452 colspan=2 valign=top style='width:339.1pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=222 style='width:166.45pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=173 valign=bottom style='width:129.4pt;border-top:none;border-left:none;border-bottom:solid #BFBFBF 1.0pt;border-right:solid #BFBFBF 1.0pt;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt;height:3.25pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:3.25pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr style='height:99.35pt'><td width=847 colspan=4 style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:99.35pt'><p class=MsoBodyText style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.55in;margin-bottom:.0001pt;line-height:105%'><a href="mailto:info@bulls.co.zw"><span style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=766 height=268 id="_x0000_i1026" src="cid:image002.jpg@01D510E4.B2A28180"></span></a><span lang=X-NONE style='font-size:11.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in;height:99.35pt'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#1F497D;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><i><span style='font-family:"Verdana",sans-serif'><o:p> </o:p></span></i></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#1F497D;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><i><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:white'>DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other Indices quoted herein are for guideline purposes only and sourced from third parties.</span></i><i><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p></o:p></span></i></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><i><span lang=EN-GB style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:white'><o:p> </o:p></span></i></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=847 colspan=4 valign=top style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif'>(c) 2019 <b>Web</b>:</span><a href="http:// www.bulls.co.zw "><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black'> www.bulls.co.zw </span></a><b><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif'>Email:</span></b><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif'> </span><a href="mailto:info@bulls.co.zw"><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif;color:black'>info@bulls.co.zw</span></a><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif'> <b>Tel:</b> +263 4 2927658 <b>Cell:</b> +263 77 344 1674<o:p></o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr><tr><td width=847 colspan=4 valign=bottom style='width:634.95pt;border:solid #BFBFBF 1.0pt;border-top:none;background:#F2F2F2;padding:0in 5.4pt 0in 5.4pt'><p class=MsoNormal style='margin-left:.55in;line-height:105%'><span style='font-size:7.0pt;line-height:105%;font-family:"Verdana",sans-serif'><o:p> </o:p></span></p></td><td width=6 style='width:4.4pt;padding:0in 0in 0in 0in'><p class=MsoNormal style='line-height:105%'><span style='font-family:"Verdana",sans-serif'> <o:p></o:p></span></p></td></tr></table></div><p class=MsoNormal><span style='mso-fareast-language:EN-ZW'><o:p> </o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='mso-fareast-language:EN-ZW'><o:p> </o:p></span></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal style='background:white'><i><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Invest Wisely!</span></i><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><b><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Bulls n Bears </span></b><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Telephone: <a href="tel:%2B263%204%202927658" target="_blank"><span style='color:black;text-decoration:none'>+263 4 2927658</span></a></span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Cellphone: <a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='color:black;text-decoration:none'>+263 77 344 1674</span></a></span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Alt. Email: <a href="mailto:info@bulls.co.zw"><span style='color:blue;text-decoration:none'>info@bulls.co.zw</span></a> </span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Website: <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw&sa=D&sntz=1&usg=AFQjCNH8LYgdY55h-XKseuM8Kpr-JKdfhQ" target="_blank"><span style='color:black;text-decoration:none'>www.bulls.co.zw</span></a> </span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Blog: <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.bulls.co.zw%2Fblog&sa=D&sntz=1&usg=AFQjCNFoIy6F9IXAiYnSoPSgWDYsr8Sqtw" target="_blank"><span style='color:black;text-decoration:none'>www.bulls.co.zw/blog</span></a></span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Twitter: @bullsbears2010</span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>LinkedIn: Bulls n Bears Zimbabwe</span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Facebook: <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.facebook.com%2FBullsBearsZimbabwe&sa=D&sntz=1&usg=AFQjCNGhb_A5rp4biV1dGHbgiAhUxQqBXA" target="_blank"><span style='color:black;text-decoration:none'>www.facebook.com/BullsBearsZimbabwe</span></a></span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Verdana",sans-serif;color:black;mso-fareast-language:EN-ZW'>Skype: Bulls.Bears </span><span style='mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal><span style='mso-fareast-language:EN-ZW'><img border=0 width=210 height=101 id="Picture_x0020_1" src="cid:image004.jpg@01D510E4.B2A28180" alt="cid:image012.jpg@01D0BFE7.544DF490"><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>