The Dar es Salaam Stock Exchange PLC (DSE) wishes to inform the public that the DSE shareholders have, during their 1st Extra-Ordinary General Meeting held on 27th August, 2016, elected the following as Members of the DSE Board of Directors:

THE DAR ES SALAAM STOCK EXCHANGE PLC

PRESS RELEASE

Dr. Kimei holds BSc in Economics and MA in Economics from Moscow State University and Stockholm School of Economics respectively. He is also a holder of PhD (Money & Finance) from Uppsala University Sweden.

He has a vast experience in banking and financial markets. He worked at the with the Bank of Tanzania (BOT) as a Director of Economic Research & Policy and a Director of Banking Supervision. He also has experience in Corporate Governance as well as in Policy Development.

Dr. Kimei is serving in numerous Boards of Directors. He is currently the Managing Director of CRDB Bank PLC and Chairman of Tanzania Bankers Association.

Prof. Warsame holds a BSc. (Business Administration) from Stuart School of Busines, Illinois Institute of Technology Chicago, USA; MSc. (Finance) from University of Strathclyde Glasgow UK and a PhD (Business Administration) from Morgan State University- Baltimore, Maryland. He is also a Chartered Financial Analyst (CFA); CPA (T) and has Argus Software Certification.

Prof. Warsame worked as Managing Director/Chief Investment Officer at Onpoint Africa Holdings, LLC.

He is currently a Chief Executive Officer at Dhow Financial Ltd and an Independent Director at ICEA Lions Insurance, PLASCO and CRDB Bank (Burundi) and CRDB Bank PLC.

Mr. Takim holds a BSc. in Economics from University of London -London School of Economics and Political Science and MSc in Analysis Design and Management Information Systems from the same University.

Mr. Takim has significant experience in structuring finance for SMEs, Private Equity and in Development Finance based on his work with Euros East Africa Fund.

He is an Advisory Board Member at Small Enterprise Assistance Funds a USAID funded project. He is also an independent non-executive Board Director at PLASCO, United Bank of Africa and Advisory Committee of Kasi Agriventures.

Mr. Njau is a holder of with LL.B from University of Dar es Salaam and MBA in Finance from the same University.

He was the past Chief Executive Officer of the DSE. He has vast experience in legal, finance, capital markets and Stock Exchange Operations.

Mr. Njau is currently the Managing Partner at Crest Attorneys undertaking among other things, advisory services for issuers of securities including IPOs and listings.

Mr. Caramaschi is a holder of BSc in Economics and Finance from Brunel University London as well as MSc. Finance from Warwick Business School, University of Warwick, England.

He has a vast knowledge and experience in Structuring and Trading Money Market, Equity, Fixed Income and Financial Derivatives products.

He worked as Portfolio Manager at Citigroup, London and Hong Kong Global Markets Proprietary Trading Relative Value Group.

Mr. Caramaschi is currently the CEO and Director of E. A. Capital Ltd; a local stockbrokerage and fund management firm.

Mr. Busara is a a Certified Public Accountant (CPA) and a holder of MBA in Finance from University of Dar es Salaam.

Mr. Busara is a DSE listed companies active retail investor and he has written several articles and books on investment in securities.

He is a Board Member at Equality for Growth (EfG) and Committee Member of Program and Strategy, Risk, Finance & Audit at the World Vision Tanzania.

Mr. Busara is currently the Chief Executive Officer at Management and Development for Health (MDH).

Mrs. Ndissi holds a BA in Economics, Waynesburg College, PA, USA; MA Economics, Ohio University, OHIO USA.

Mrs. Ndissi is a Financial Sector Development Specialist. She is a Consultant with World Bank Group and for Industrial and Commercial Bank of China. She was the Director of Financial Markets at the Bank of Tanzania from 2009 to 2013.

Mr. Malauri holds a BA in Industrial Economics from University of Dar es Salaam and MA in Development Economics from Williams University U.S.A.

He was a Director at Consolidated Holding Corporation from 2004 to 2008 and a Director at the UN HABITAT Consultative Group for Global Slum Upgrading Facility from 2004 to 2009.

Mr. Malauri is currently a Chief Executive Officer of ORBIT Securities Co. Ltd, a local stock brokerage firm.

Mr. Marwa is the Chief Executive Officer of the DSE. He is a Certified Public Accountant (CPA), he holds an MBA in Finance and a B.Com in Accounting.

Mr. Marwa has broad experience in financial markets. Prior to joining the DSE, he was the CEO of Tanzania Securities Limited. He also served in the executive capacity at Ernst & Young and Deloitte in transactions advisory and corporate finance and had worked with Barclays Bank and Bank of Africa.

Mr. Marwa is an alumni of Harvard Business School and The Aspen Institute. He serves in the Boards of Bank of Africa, Victoria Finance Ltd and as a co-opted member at SELF-Microfinance Ltd. He is also a Sub-committee Chairperson for SADC Stock Exchange’s Association.

ISSUED BY:MARY S. MNIWASA-SECRETARY TO THE DSE BOARD OF DIRECTORS

Dr. Charles S. KimeiMr. Riyaz Takim

Prof. Mohamed H. Warsame

Mr. Jonathan Njau Mr. Ermes Caramaschi Mr. Emilian Busara

Mrs. Judith Kokubanza Ndissi Mr. Laurean R. Malauri Mr. Moremi Marwa