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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:12.0pt;line-height:115%'><a href="mailto:bulls@bullszimbabwe.com"><span style='font-family:"Segoe UI",sans-serif;color:#0F1419;background:white;text-decoration:none'><img border=0 width=300 height=296 style='width:3.125in;height:3.0833in' id="_x0000_i1116" src="cid:image001.jpg@01D8288A.3D753900"></span></a></span><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><a name="_Hlk95685055"></a><a name="_Hlk96494948"></a><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>On A Date with On a Date with Art Corporation<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#1. History <o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=383 height=229 style='width:3.993in;height:2.3819in' id="Picture_x0020_10" src="cid:image015.png@01D8288A.3D753900"></span></span><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1859, Gaston Plande develops the framework for lead acid batteries <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1888, W.W Gibbs sees the potential of storage batteries and sets up Electric Storage Battery Company (ESB) <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1900, ESB develops a battery with greater capacity and less weight.</span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>The battery is used for the electric taxicabs and the battery name is Exide, short for "Excellent Oxide". <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1963, Battery Makers of Zambia is incorporated later changing name to Chloride Zambia.</span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=602 height=602 style='width:6.2708in;height:6.2708in' id="Picture_x0020_9" src="cid:image016.jpg@01D8288A.3D753900"></span></b></span><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1972, Eversharp starts operations in Zimbabwe then Rhodesia<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1997, Beachmont Trading is incorporated in British Virgin Islands<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Kadoma Tissue Mill and Chloride Zimbabwe acquired. Exide brand which was first introduced in Zimbabwe 35 years before is reintroduced.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=602 height=339 style='width:6.2708in;height:3.5347in' id="Picture_x0020_8" src="cid:image017.jpg@01D8288A.3D753900"></span></b></span><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>2000, Eversharp formerly owned by Randall Holdings is acquired by Trans Zambezi Industries (TZI).<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>2001, Beachmont Trading changes its name to ART and is de-merged from TZI.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>2002, ART is listed on the ZSE with key assets in paper mills, Eversharp and Exide.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#2. Operations,<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>ART is in the business of manufacturing and retailing of,<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><ul style='margin-top:0cm' type=disc><li class=MsoListParagraphCxSpFirst style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Writing Instruments<o:p></o:p></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Commercial & Scholastic stationery<o:p></o:p></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Tissue <o:p></o:p></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Hygiene products<o:p></o:p></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Automotive batteries<o:p></o:p></span></span></li><li class=MsoListParagraphCxSpMiddle style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Solar batteries<o:p></o:p></span></span></li><li class=MsoListParagraphCxSpLast style='color:#0F1419;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;mso-add-space:auto;line-height:115%;mso-list:l1 level1 lfo4'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;background:white'>Motive & standby batteries<o:p></o:p></span></span></li></ul><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=431 height=445 style='width:4.4861in;height:4.6319in' id="Picture_x0020_7" src="cid:image018.jpg@01D8288A.3D753900"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Batteries Unit<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1. Chloride Zimbabwe<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>A specialist in the manufacturing of lead acid batteries.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>2. Chloride Zambia<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>A distributor of automative batteries in Zambia.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>3. Exide Express<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Retail and distribution arm of Chloride Zimbabwe.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Paper Unit<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1. Kadoma Paper Mills<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Operates a tissue manufacturing plant which uses 100% recycled waste paper to make tissue <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>2. National Waste Collection (NWC)<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>It's a paper recovery unit which was set up to ensure the mill gets waste paper.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=601 height=601 style='width:6.2638in;height:6.2638in' id="Picture_x0020_6" src="cid:image019.jpg@01D8288A.3D753900"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Stationery Unit<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1. Eversharp<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>A leading manufacturer of ball pens, markers, rulers, exercise books, counter books and covers.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=601 height=341 style='width:6.2638in;height:3.5555in' id="Picture_x0020_5" src="cid:image020.jpg@01D8288A.3D753900"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Personal Hygiene unit<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1. Softex Tissue Products<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>A leading manufacturer of economical tissue paper. <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Wholly owned by ART after Nampak disposed its 50% for a monetary consideration.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Owns a number of tissue brands. Expanded its product range to dishwashers.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=599 height=365 style='width:6.243in;height:3.7986in' id="Picture_x0020_4" src="cid:image021.jpg@01D8288A.3D753900"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#3. Competitors,<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>1. First National Battery from South Africa which owns the Raylite brand and sells +2 million batteries.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>2. Chloride Exide Botswana which owns the Taurus brand which is marketed in Zimbabwe by dealers<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>3. Power Technologies which owns the Willard<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>4. Celeste Tissue Products<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>5. Lulu Tissue Products<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>6. Unilever<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>7. Nemchem<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=533 height=269 style='width:5.5486in;height:2.7986in' id="Picture_x0020_3" src="cid:image022.jpg@01D8288A.3D753900"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#4. Shareholding,<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>2013, Taesung Chemical Company a South Korean bought a majority stake in ART Corporation.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>ART is a subsidiary of the Korean entity through its investment vehicles Cranbal, Silvermine and Zadmab.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>67,53% controlled by Taesung.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><img border=0 width=601 height=429 style='width:6.2638in;height:4.4652in' id="Picture_x0020_2" src="cid:image023.jpg@01D8288A.3D753900"></span></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>#5. Pitch,<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>A diversified portfolio of products that are used by different consumer classes.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Market leadership in the automotive batteries and standby Industrial batteries.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Command strong brand position in the economic tissue market.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Export earnings from batteries easing pressure on access to foreign currency for raw materials.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Foreign shareholder.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>6. ZSE Trading Statistics<o:p></o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>ZWL 11.12 per share as at 22<sup>nd</sup> of February.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>ZWL 10.45 per share at the start of the year.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>+6.4% year to date performance, 674% year on year return.<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>ZWL4,859,188,232 market cap (cUS$21m at Alternative Market Exchange rate)<o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></b></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Each week will be on a DATE with a company listed on the ZSE with Martin Mataga <b>Twitter</b> @MartinMataga. <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>The purpose of this thread is to assist investors to have a minimum appreciation of listed firms. <o:p></o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:115%'><span style='mso-bookmark:_Hlk95685055'><b><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>Disclaimer</span></b></span><span style='mso-bookmark:_Hlk95685055'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'>: Do not misconstrue this thread as investment advice. DATE companies before you buy their shares.<o:p></o:p></span></span></p><span style='mso-bookmark:_Hlk95685055'></span><p class=MsoNormal style='line-height:115%'><span style='font-size:12.0pt;line-height:115%;font-family:"Segoe UI",sans-serif;color:#0F1419;background:white'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><i><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Invest Wisely!<o:p></o:p></span></i></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><b><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Bulls n Bears </span></b><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>WhatsApp: +27 71 544 4769<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Mobile/Voice: <a href="tel:%2B263%2077%20344%201674" target="_blank"><span style='color:windowtext;text-decoration:none'>+263 77 344 1674</span></a><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Alt. Email: <a href="mailto:info@bulls.co.zw"><span style='color:windowtext'>info@bulls.co.zw</span></a> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Website: <a href="http://www.bullszimbabwe.com">www.bullszimbabwe.com</a> <o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>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:windowtext'>www.bulls.co.zw/blog</span></a><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Twitter: @bullsbears2010<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>LinkedIn: Bulls n Bears Zimbabwe<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal;background:white'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>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:windowtext'>www.facebook.com/BullsBearsZimbabwe</span></a><o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:0cm;margin-bottom:.0001pt;line-height:normal'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'>Skype: Bulls.Bears <o:p></o:p></span></p><p class=MsoNormal style='line-height:normal'><span style='font-size:10.0pt;font-family:"Segoe UI",sans-serif'><img border=0 width=246 height=120 style='width:2.5625in;height:1.25in' id="Picture_x0020_1" src="cid:image024.png@01D8288A.3D753900"><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>