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</o:shapelayout></xml><![endif]--></head><body lang=EN-ZW link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><div align=center><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 style='border-collapse:collapse'><tr><td width=727 valign=top style='width:545.25pt;border:solid white 1.0pt;padding:0cm 5.4pt 0cm 5.4pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <a href="mailto:info@bulls.co.zw"><span style='color:windowtext;text-decoration:none'><img border=0 width=635 height=445 style='width:6.618in;height:4.6319in' id="Picture_x0020_1" src="cid:image004.jpg@01D83F0C.05C343B0"></span></a><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Dear Subscriber,<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Please find herein the RBZ Foreign Currency Auction Market results & Commentary for 01 March 2022. <o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p><table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=671 style='width:503.4pt;border-collapse:collapse'><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=224 nowrap colspan=2 valign=bottom style='width:168.0pt;border:solid windowtext 1.0pt;border-left:none;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Auction Results </span></b><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>23 March 2022</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=226 nowrap colspan=3 valign=bottom style='width:169.7pt;border:solid windowtext 1.0pt;border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Auction Results </span></b><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>15 March 2022</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>US$<o:p></o:p></span></b></p></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>US$<o:p></o:p></span></b></p></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>US$<o:p></o:p></span></b></p></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>US$<o:p></o:p></span></b></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'> </span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>SME Auction</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Main Auction</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>SME Auction</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>Main Auction</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><b><span style='font-family:"Candara",sans-serif;color:black'>Value of Bids Accepted</span></b><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'><o:p></o:p></span></b></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>6,726,743.14</span></b><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'><o:p></o:p></span></b></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>31,001,078.43<o:p></o:p></span></b></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>5,744,362.37<o:p></o:p></span></b></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>31,089,467.92<o:p></o:p></span></b></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif;color:black'>Total Number of Bids Received<o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,102<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>450<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,177<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>478<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif;color:black'>Number of Bids Disqualified<o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>91<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>37<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>72<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>36<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif;color:black'>Total Number of Bids Accepted<o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,011<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>413<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,105<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>442<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif;color:black'>Number of Bids Allotted<o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>977<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>399<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,105<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>433<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><b><span style='font-family:"Candara",sans-serif;color:black'>Amount Allotted<o:p></o:p></span></b></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>6,625,160.56<o:p></o:p></span></b></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>30,182,270.46<o:p></o:p></span></b></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>5,744,362.37<o:p></o:p></span></b></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>30,862,194.32<o:p></o:p></span></b></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif;color:black'>Highest Rate Received</span><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'><o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>150.0000<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>150.0000<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>145.0000<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>148.0000<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif;color:black'>Lowest Bid Rate Received<o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif;color:black'>Lowest Bid Rate Allotted<o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>131.0000<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>134.0000<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>127.0000<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>130.0000<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.25pt'></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.25pt'></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><b><span style='font-family:"Candara",sans-serif'>Weighted Average Rate</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>138.1979<o:p></o:p></span></b></p></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>2.9783%<o:p></o:p></span></b></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>134.0820<o:p></o:p></span></b></p></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.25pt'></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'> </span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.25pt'></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.25pt'></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>Purpose</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>SME Auction</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Allotments</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Main Auction</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Allotments</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>SME Auction</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>Allotments</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>Main Auction</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>Allotments</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'> </span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>USD</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>USD</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>USD</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;mso-fareast-language:EN-ZW'>USD</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Raw Materials <o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,530,260.33</span><span style='font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'><o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>12,202,419.26<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,388,421.01<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>13,859,233.34<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Machinery & Equipment <o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>2,341,914.46<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>7,377,814.72<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,937,748.88<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>7,057,444.33<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Consumables <o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,009,904.53<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>2,263,608.77<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>896,069.62<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,949,022.49<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Pharmaceuticals & Chemicals<o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>554,119.87<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>2,334,215.44<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>649,307.99<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>2,075,741.45<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Services <o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>724,837.25<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>3,565,969.42<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>557,616.92<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>2,971,554.31<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Retail & Distribution <o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>44,593.65<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>0.00<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>99,475.36<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif'>0.00<span style='color:black'><o:p></o:p></span></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Fuel, Electricity & Gas <o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>278,587.70<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,410,974.56<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>135,024.71<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,946,033.16<o:p></o:p></span></p></td></tr><tr style='height:15.25pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'>Paper & Packaging <o:p></o:p></span></p></td><td width=119 nowrap style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>140,942.87<o:p></o:p></span></p></td><td width=105 nowrap style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,027,268.29<o:p></o:p></span></p></td><td width=101 nowrap style='width:75.45pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>80,607.88<o:p></o:p></span></p></td><td width=126 nowrap colspan=2 style='width:94.25pt;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:15.25pt'><p class=MsoNormal align=right style='text-align:right'><span style='font-family:"Candara",sans-serif;color:black'>1,003,165.23<o:p></o:p></span></p></td></tr><tr style='height:15.8pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'><p class=MsoNormal><b><span style='font-family:"Candara",sans-serif'>Total </span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>6,625,160.66<o:p></o:p></span></b></p></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>30,182,270.46<o:p></o:p></span></b></p></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.8pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>5,744,272.37<o:p></o:p></span></b></p></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.8pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>30,862,194.31<o:p></o:p></span></b></p></td></tr><tr style='height:15.8pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.8pt'></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.8pt'></td></tr><tr style='height:15.8pt'><td width=221 nowrap valign=bottom style='width:165.7pt;border:solid windowtext 1.0pt;border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'><p class=MsoNormal><b><span style='font-family:"Candara",sans-serif'>Grand Total Awarded</span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p></td><td width=119 nowrap valign=bottom style='width:89.55pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>36,807,431.12<o:p></o:p></span></b></p></td><td width=105 nowrap valign=bottom style='width:78.45pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:#E2EFD9;padding:0cm 5.4pt 0cm 5.4pt;height:15.8pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>0.55%<o:p></o:p></span></b></p></td><td width=101 nowrap valign=bottom style='width:75.45pt;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:15.8pt'><p class=MsoNormal align=right style='text-align:right'><b><span style='font-family:"Candara",sans-serif;color:black'>36,606,466.68<o:p></o:p></span></b></p></td><td width=126 nowrap colspan=2 valign=bottom style='width:94.25pt;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:15.8pt'></td></tr><tr style='height:11.55pt'><td width=221 style='width:165.7pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=119 style='width:89.55pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=105 style='width:78.45pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=101 style='width:75.45pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=2 style='width:1.2pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=124 style='width:93.05pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td></tr><tr style='height:11.55pt'><td width=221 style='width:165.7pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=119 style='width:89.55pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=105 style='width:78.45pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=101 style='width:75.45pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=2 style='width:1.2pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td><td width=124 style='width:93.05pt;padding:0cm 0cm 0cm 0cm;height:11.55pt'></td></tr></table><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'>Harare- The Zimbabwe dollar has found itself 22% weaker on a YTD basis with the premium with parallel market deteriorating from 68% in January to about 77%-80% as of 22 March. This is despite the continued upward trajectory in FX receipts (exports, Remittances, etc).<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'>However, at roughly 28% since the start of the year, the USD alternative market has been outperformed by the ZSE. If one held US$, his nominal return since January would be about 28% while the ZSE is up 44% another illustration of the opportunity cost generated by Mattress Banking Incorporated.<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'>It appears efforts by the RBZ FIU will not yield much result for the Auction Market as market players will respond to fundamentals and continue with twinning arrangements.<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'>The Ministry of Finance and the RBZ are now faced with a Houdini Act if they are to rescue the ZWL as it faces an existential risk.<o:p></o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal style='text-align:justify'><span style='font-family:"Candara",sans-serif'>The efforts to save the ZWL have also been compromised by the exogenous shocks emanating from the war in Ukraine which have pushed up price of fuel and possibly soon enough global wheat prices and will have downstream knock effects of an adverse nature<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'>Invest Wisely!</span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif'> </span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><b><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Bulls n Bears </span></b><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Cellphone: +27 71 5444 769</span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Alt. Email: </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'><a href="mailto:info@bulls.co.zw"><span style='color:black;mso-fareast-language:EN-ZW'>info@bulls.co.zw</span></a></span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Website: </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'><a href="http://www.bullszimbabwe.com"><span style='color:black;mso-fareast-language:EN-ZW'>www.bullszimbabwe.com</span></a></span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Blog: </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'><a href="http://www.bullszimbabwe.com/category/blogs/"><span style='color:black;mso-fareast-language:EN-ZW'>www.bullszimbabwe.com/category/blogs/</span></a></span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'> </span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Twitter: @bullsbears2010</span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>LinkedIn: Bulls n Bears Zimbabwe</span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal style='background:white'><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black;mso-fareast-language:EN-ZW'>Facebook: </span><span style='font-size:9.0pt;font-family:"Candara",sans-serif;color:black'><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;mso-fareast-language:EN-ZW'>www.facebook.com/BullsBearsZimbabwe</span></a></span><span style='font-family:"Candara",sans-serif'><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'><img border=0 width=246 height=120 style='width:2.5625in;height:1.25in' id="_x0000_i1026" src="cid:image003.png@01D83F09.C64D4D40" alt="cid:image004.png@01D822FB.CE78D270"><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p></td></tr></table></div><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'> </span><span style='font-size:8.0pt;font-family:"Candara",sans-serif;color:#666666'><o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Candara",sans-serif'><o:p> </o:p></span></p></div></body></html>