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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal>Dear Subscriber,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Please see herein the RBZ Foreign Currency Auction results.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=1476 style='width:737.8pt;border-collapse:collapse'><tr style='height:14.5pt'><td width=508 rowspan=22 valign=top style='width:253.8pt;border:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><a href="https://www.icaz.org.zw/Shared_Content/Events/Event_Display.aspx?EventKey=WINTER20&WebsiteKey=b11170c6-d941-42bf-a9af-c4a345ef4547"><b><span style='color:black;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=486 height=809 id="Picture_x0020_2" src="cid:image002.jpg@01D66502.94154450" alt="cid:image002.jpg@01D66502.94154450"></span></b></a><b><span style='color:black;mso-fareast-language:EN-ZW'><o:p></o:p></span></b></p></td><td width=465 nowrap valign=bottom style='width:232.3pt;border:solid windowtext 1.0pt;border-left:none;background:#BFBFBF;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><b><span style='color:black;mso-fareast-language:EN-ZW'> <o:p></o:p></span></b></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border:solid windowtext 1.0pt;border-left:none;background:#BFBFBF;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>14-Jul-20<o:p></o:p></span></b></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border:solid windowtext 1.0pt;border-left:none;background:#BFBFBF;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>21-Jul<o:p></o:p></span></b></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border:solid windowtext 1.0pt;border-left:none;background:#BFBFBF;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>28-Jul-20<o:p></o:p></span></b></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f">
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</v:shapetype><v:shape id="Rectangle_x0020_1025" o:spid="_x0000_s1026" type="#_x0000_t75" alt="blob:https://web.whatsapp.com/d403b77a-30ff-420d-9ff1-f354d6fcd606" style='position:absolute;margin-left:0;margin-top:0;width:24pt;height:24pt;z-index:251666432;visibility:visible;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:9pt;mso-wrap-distance-top:0;mso-wrap-distance-right:9pt;mso-wrap-distance-bottom:0;mso-position-horizontal:absolute;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:text;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page' /><![endif]--><![if !vml]><span style='mso-ignore:vglayout;position:absolute;z-index:251666432;margin-left:183px;margin-top:61px;width:48px;height:48px'><img width=48 height=48 src="cid:image001.png@01D66502.BC093BB0" alt="blob:https://web.whatsapp.com/d403b77a-30ff-420d-9ff1-f354d6fcd606" v:shapes="Rectangle_x0020_1025"></span><![endif]><b><span style='color:black;mso-fareast-language:EN-ZW'>Amount Allotted (USD)<o:p></o:p></span></b></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>15,988,220<o:p></o:p></span></b></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>14,853,709<o:p></o:p></span></b></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>14,356,193.21<o:p></o:p></span></b></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Highest Rate (ZWL)<o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>85.00<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>82.17<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>82.00<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Lowest Rate (ZWL)<o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>40.00<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>55.00<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>70.00<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Lowest Accepted Rate (ZWL)<o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>64.20<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>70.00<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>75.00<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Weighted Average Rate (ZWL)<o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>68.8879<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>72.1470<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>76.7596<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Total Bids (USD)<o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>18,719,664.66<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>20,316,134.74<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>19,312,474.71<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Number of Bids received<o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>289.00<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>290.00<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>228.00<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Number of Bids rejected<o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>59.00<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>51.00<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>55.00<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><b><span style='color:black;mso-fareast-language:EN-ZW'>Purpose<o:p></o:p></span></b></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><b><span style='color:black;mso-fareast-language:EN-ZW'>Amount Allotted (USD)<o:p></o:p></span></b></p></td><td width=178 nowrap valign=top style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><b><span style='color:black;mso-fareast-language:EN-ZW'>Amount Allotted (USD)</span></b><o:p></o:p></p></td><td width=159 nowrap valign=top style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><b><span style='color:black;mso-fareast-language:EN-ZW'>Amount Allotted (USD)</span></b><o:p></o:p></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Raw Materials <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>5,623,685<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>7,417,479<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>7,706,268.09<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Machinery & Equipment <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>3,016,111<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>2,309,656<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>3,038,617.17<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Retail & Distribution (incl Food, Beverages, etc) <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>2,476,441<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>1,299,935<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>957,120.51<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Consumables (incl Spares, Tyres, Electricals) <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>1,416,914<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>1,122,315<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>670,875.00<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Services (Loans, Dividends & Disinvestments) <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>900,527<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>752,000<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>760,482.90<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Pharmaceuticals & Chemicals<o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>1,264,843<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>696,875<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>648,510.54<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Paper & Packaging <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>761,500<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>614,996<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>350,000.00<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'>Fuel, Electricity & Gas <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>528,200<o:p></o:p></span></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>640,453<o:p></o:p></span></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal align=right style='text-align:right'><span style='color:black;mso-fareast-language:EN-ZW'>224,319.00<o:p></o:p></span></p></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td></tr><tr style='height:14.5pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'><p class=MsoNormal><span style='color:black;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:14.5pt'></td></tr><tr style='height:15.0pt'><td width=465 nowrap valign=bottom style='width:232.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:15.0pt'><p class=MsoNormal><b><span style='color:black;mso-fareast-language:EN-ZW'> <o:p></o:p></span></b></p></td><td width=166 nowrap valign=bottom style='width:83.0pt;border-top:none;border-left:none;border-bottom:double windowtext 2.25pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:15.0pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>15,988,220<o:p></o:p></span></b></p></td><td width=178 nowrap valign=bottom style='width:89.0pt;border-top:none;border-left:none;border-bottom:double windowtext 2.25pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:15.0pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>14,853,709<o:p></o:p></span></b></p></td><td width=159 nowrap valign=bottom style='width:79.7pt;border-top:none;border-left:none;border-bottom:double windowtext 2.25pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:15.0pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='color:black;mso-fareast-language:EN-ZW'>14,356,193<o:p></o:p></span></b></p></td></tr></table><p class=MsoNormal><o:p> </o:p></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'>+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'>+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'>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'>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'>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'>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@01D66502.94154450" alt="cid:image012.jpg@01D0BFE7.544DF490"></span><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><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>