Election of Directors
To re-elect Ms B Mtetwa, Mr G Gomwe and Mr K Chirairo as directors of the Company

3.1. In accordance with Article 81 of the Company's Articles of Association they retire by rotation at the Company's Annual General Meeting and, being eligible, offer themselves for re-election. Each director shall be separately elected.
3.2. Mr R. Chimanikire, appointed to the Board during the year, retires in accordance with Article 89.2 of the Company's Articles of Association. Being eligible, he offers himself for re-election.
3.3. To note the retirement of Mr C Fitzgerald from the Board: Mr Fitzgerald retires from the Board with effect from 31 January 2017.

Special Business
To consider, and if thought fit, to adopt, with or without amendment, the following resolutions:

6.1 AS AN ORDINARY RESOLUTION:

'That the Company, as duly authorized by Article 10 of its Articles of Association, may undertake the purchase of its own ordinary shares in such manner or on such terms as the directors may from time to time determine, provided that the repurchases are not made at a price greater than 5% above the weighted average of the market value for the securities for the five business days immediately preceding the date of the repurchase and also provided that the maximum number of shares authorized to be acquired shall not exceed 10% (ten percent) of the Company's issued ordinary share capital. That this authority shall expire at the next Annual General Meeting and shall not exceed beyond 15 months from the date of this resolution'.

Due to the uncertain economic environment, the Directors will consider the effect of the repurchase of the shares on the Company's financial position, before executing any share transactions, under this resolution, to confirm that:

  1. The Company will be able to pay its debts for a period of 12 months after the date of the Annual General Meeting.
  2. The assets of the Company will be in excess of liabilities.
  3. The share capital and reserves of the Company are adequate for a period of 12 months after the date of the notice of the Annual General Meeting.
  4. The Company will have adequate working capital for a period of 12 months after the date of the notice of the Annual General Meeting.

By order of the Board

C. A. Banda
GROUP COMPANY SECRETARY

Econet Wireless Holdings Limited published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 January 2017 11:15:14 UTC.

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