Access Bank (Zambia) Limited Executes Definitive Agreement with Cavmont Capital Holdings PLC to Merge Cavmont with Access Bank Zambia

Subsequent to our announcement on July 8,2020, the Board of Access Bank Plc ("Access Bank") announces today that its subsidiary, Access Bank (Zambia) Limited ("ABZ") has entered into a definitive agreement with Cavmont Capital Holdings Zambia Plc ("CCHZ") regarding a proposed acquisition of Cavmont Bank Limited ("Cavmont Bank"), a subsidiary of CCHZ and subsequent merger of Cavmont Bank's operations into ABZ. The proposed transaction, which remains subject to relevant shareholder and regulatory approvals, will position the enlarged ABZ as one of the top 10 banks in Zambia and create the momentum to advance its strategic objectives.