Lusaka – Access Bank Zambia Ltd and Cavmont Capital Holdings Zambia Plc (“CCHZ”) announce that
they have signed a definitive agreement regarding a proposed merger of Access Bank Zambia and
Cavmont Bank, a subsidiary of CCHZ. Once implemented, the combined bank is expected to boast a
strong capital base, in excess of ZMW600 million, significantly exceeding the capital requirement for
foreign owned banks under the regulations of the Bank of Zambia. This robust capital structure will not
only ensure the banks’ customer deposit base benefits from the greater security but also form the
foundation for sustainable banking operations and future growth.