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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><p class=MsoNormal><o:p> </o:p></p><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr><td width=1177 valign=top style='width:588.25pt;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal align=center style='text-align:center'><a href="http://www.firstmutual.co.zw/"><span style='font-family:"Georgia",serif;color:windowtext;mso-fareast-language:EN-ZW;text-decoration:none'><img border=0 width=1290 height=398 id="Picture_x0020_1" src="cid:image001.jpg@01D76D9F.C2162DA0"></span></a><span style='font-family:"Georgia",serif'><o:p></o:p></span></p></td></tr><tr><td width=1177 valign=top style='width:588.25pt;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal><span style='font-family:"Georgia",serif;color:black'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Georgia",serif;color:black'>Harare-ZSE-listed Properties Investment concern, First Mutual Properties Limited (FMP)'s total revenue for the 5 months to 31 May 2021 rose 352% in inflated adjusted terms over the comparable period in 2020.</span><span style='font-family:"Georgia",serif;color:#1F497D'> </span><span style='font-family:"Georgia",serif;color:black'>This compares favourably with y/y inflation rate as measured by the all items CPI of 162% in the same period.</span><span style='font-family:"Georgia",serif;color:#1F497D'> </span><span style='font-family:"Georgia",serif;color:black'>The business benefitted from US$ denominated leases which are indexed to the ZWL$ at the auction rate. FMP last traded at ZWL1400 cents and is up 419% Year to Date on the Zimbabwe Stock Exchange with a market capitalisation of ZWL$17.3 billion and US$203m at the interbank rate and US$133m at the alternative market rate.</span><span style='font-family:"Georgia",serif;color:#1F497D'> <a href="https://bullszimbabwe.com/first-mutual-properties-revenues-up-352-y-y/">Read more>></a></span><span style='font-family:"Georgia",serif;color:black'><o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span lang=EN-US style='font-size:11.0pt;color:black'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'><span lang=EN-US style='font-size:11.0pt;color:black'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'><span lang=EN-US style='font-size:11.0pt;color:black'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><i><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Invest Wisely!<o:p></o:p></span></i></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><b><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Bulls n Bears </span></b><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'><o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Telephone: <a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='color:black;text-decoration:none'>+263 77 344 1674</span></a> | +27 71 544 4769<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Alt. Email: <a href="mailto:info@bulls.co.zw"><span style='color:black;text-decoration:none'>info@bulls.co.zw</span></a> <o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Website: <a href="http://www.bullszimbabwe.com"><span style='color:black;text-decoration:none'>www.bullszimbabwe.com</span></a> <o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Blog: </span><span class=MsoHyperlink><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;text-decoration:none'>www.<a href="https://bullszimbabwe.com/category/blogs/"><span style='color:black;mso-fareast-language:EN-ZW;text-decoration:none'>bullszimbabwe.com/category/blogs/</span></a></span></span><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'> <o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Twitter: @bullsbears2010<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>LinkedIn: Bulls n Bears Zimbabwe<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%;background:white'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",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><o:p></o:p></span></p><p class=MsoNormal style='text-align:justify;line-height:115%'><span style='font-size:9.0pt;line-height:115%;font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'>Skype: Bulls.Bears <o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Georgia",serif;color:black;mso-fareast-language:EN-ZW'><img border=0 width=554 height=270 id="Picture_x0020_2" src="cid:image002.png@01D76D9F.C2162DA0" alt="cid:image003.png@01D70F49.B9215E40"></span><span lang=EN-US style='font-family:"Georgia",serif;color:black'><o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Georgia",serif;color:black'><o:p> </o:p></span></p></td></tr></table></div><p class=MsoNormal><span style='font-size:11.0pt'><o:p> </o:p></span></p></div></body></html>