Quarterly Update CONTENTS. The Dar es Salam Stock Exchange. 1. Market Report A. Equities B. Bonds. 2. New Listings. 3. Strategic Development Matters

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1 The Dar es Salam Stock Exchange Quarterly Update ISSN No Issue No. 53 September, 2012 CONTENTS 1. Market Report A. Equities B. Bonds 1. REPORT A. EQUITIES Market Capitalization & Indices Market Capitalization increased from TZS 12, billion as at 30th June 2012 to TZS 12, billion as at 30th September This was a growth of 1.37% compared to the preceding quarter. 2. New Listings 3. Strategic Development Matters 4. Public Education 5. Corporate Actions All Share Index moved by 1.37 % from 1, points as at 30th June 2012 to 1, points as at 30th September Growth in DSE All Share Index was caused by appreciation of the domestic share prices. The appreciated securities during the quarter are: SWISSPORT (32.69%), TCC (20.48%), NMB (7.53%), TBL (7.38%), TWIGA (3.31%) and SIMBA (1.68%). 6. Statistics and Charts 1 Base year/value for All Share Index: 15 Dec 2006=1,000 1

2 Tanzania Share Index increased by 6.93% from 1,207 points as at the end of June 2012 to 1,292 points as at the end of September This is also linked to appreciation domestic share prices. Turnover Trend During the quarter under review the equity segment showed upward movement as turnover, number of deals and volume of transactions increased by 27.15%, 16.60% and % respectively. The composition of turnover generated during the quarter is as indicated below: Banking & Investment Index increased by 3.2% to points at the end of September, 2012 compared to recorded in the previous quarter. The increase was specifically made by the increase of NMB share price by 7.52%. DCB and CRDB shares fall by 3.12% and 6.00% respectively. TBL, CRDB, NMB, TWIGA, and TATEPA shares were the most traded stocks in the market accounting to 32.90%, 21.32%, 19.51%, 6.07% and 3.10% of the quarterly turnover, respectively. During the quarter under review: TCC, SWISSPORT and TBL ranked first, second and third respectively, in terms of price appreciation. Industrial & Allied Index increased by 7.02% moving from 1, points as at 30th June, 2012 to 1, points as at 30th September, During the quarter TBL, TCC, SIMBA and TWIGA share prices appreciated by 7.38%, 20.48%, 1.68%% and 3.31% respectively. TATEPA and TOL share price remained the same. 2 Base year/value for Tanzanian Share Index: 01 Jan 2009=1,000 2

3 Foreign Investors Participation in Secondary Equity Market During the quarter under review, foreign investors participation in secondary trading depicted an increasing trend. The percentage of turnover contributed by foreign investors stood at 46.83% compared to 14.95% recorded in the previous quarter. Details July Sept 2012 Apr Jun 2012 Turnover (TZS Mn) 12, , % Buying Local Investors % Buying Foreign Investors B. BONDS (i) Secondary Trading During the quarter ending September 2012 trading of treasury bonds increased significantly. Government bonds with face value of TZS billion were traded in 53 deals. In the preceding quarter of April to June 2012 Government bonds with face value of TZS billion were traded in 17 deals. This shows an increase of %. Government bonds with nominal value of TZS billion were traded in the last 9 months (from Jan to Sept 2012). The trading result for the month of August is the highest for the period. As shown above during the July Sept 2012 quarter, the yields for longer maturities had higher yield compared to short term bonds. 2. NEW LISTINGS There was no a new IPO during the quarter; however, DCB application for additional listing of shares by way of rights issues and bonus shares was approved. DCB has applied for listing of additional 44.7 million ordinary shares. Regarding bonds market, Treasury bonds with different maturities worth TZS billion were listed during the quarter. Comparatively, this is 151% increase (Treasury bonds worth TZS billion were listed in the quarter ended 31st March 2012). Term Preference on Fixed Income Instruments During the quarter subscription levels for both short term and long term investment opportunities surpass amounts offered by far. This indicates that investor s preference to fixed income securities was high during the period. The overall subscription level stood at 112% compared to 72% achieved during the previous quarter. (ii) Yield Curve on Secondary Bond Market During the quarter of July to September 2012 Yield to Maturity (YTM) for all bonds tenure declined when compared to the preceding quarter of April to June YTM for the 2 year bonds recorded the highest decline of 5.5% while the 10 year bond recorded the lowest decline of 0.13%. Two year bond yield decline from 14.61% to 13.81%, Five year bonds from 14.93% to (2.14% decline), Seven year bonds from 15.45% to % (3.18% decline) and ten year bonds from 15.08% to 15.06%. 3

4 3. STRATEGIC DEVELOPMENT MATTERS 3.1 Demutualization Study During the quarter the National Demutualization Committee (NDC) adopted the Consultant s inception report for the demutualization strategy. 3.2 Review DSE s Blue Print During the quarter under review, a Consultant was appointed to review the DSE Rules. The Consultant was expected to start the assignment during second quarter of October to December PUBLIC EDUCATION Saba Saba Exhibitions DSE participated in the Saba Saba Exhibitions at Mwalimu Nyerere International Trade Fair. It is estimated that over three thousand people visited the DSE pavilion during the 11 days exhibitions. Students Visits During the quarter under review DSE hosted a total of 23 visiting students from Babro Johanson Girls Secondary School. DSE also received 3 individual researching students from Institute of Institute Finance Management (2 students) and one student from Institute of Accountancy Arusha (IAA). Planned Public Education Campaign In another development, DSE with support from Financial Sector Deepening Trust (FSDT) will conduct a country wide Public Education Programme to sensitize investors and issuers on the new window for medium sized companies Enterprise Growth Market (EGM). The public education programme is expected to kick off from January CORPORATE ACTIONS Announcements (1) SWISSPORT announced unaudited six months result ending 30th June Board of Swissport reported Profit Before Tax (PBT) of TZS 4.3 billion. In the preceding half year to June 2011 Swissport posted PBT of TZS 3.9 billion (a 10% increase). The Board announced an interim dividend of TZS 2.4 billion or TZS per share which is same to last year interim dividend. (2) Twiga cement announced unaudited six months result ending 30th June The Board of Twiga Cement reported Profit before Tax (PBT) of 45.7 billion. Board announced an interim dividend of TZS 50 per share which is 25% increases compared to preceding year interim dividend of TZS 40 per share. (3) TCC announced unaudited six months result ending 30th June Board reported Profit Before Tax (PBT) of TZS 97.4 billion. In the preceding half year of 2011 TCC posted a PBT of TZS 57.2 billion (a 70% increase). The Board of TCC declared an interim dividend of TZS 300 per share which is same declared in preceding half year of DSE/IFC & NIC Capital Forum DSE jointly with IFC and NIC Capital (Kenyan investment bank) organized a one day forum themed Deepening Capital Market in Tanzania. During the forum 5 different papers on capital markets issues were presented by the organizers. More than 70 participants attended the forum. Seated third from left is The Permanent Secretary Treasury, Mr Ramadhan Khijjah who was the guest of honor, sitting together with officials from IFC, CMSA, DSE, and NIC Capital. 4

5 DSE STATISTICS FOR THE PERIOD OF OCTOBER 2011 TO SEPTEMBER 2012 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 June 12 July 12 Aug 12 Sept 12 Turnover (TZS Mil) 4,062 1,296 3,937 9,638 1,537 1,402 1,889 2,730 5,525 4,453 4,637 3,338 Volume of shares 5,126,332 1,655,597 4,124,123 5,910,445 2,757,973 3,317,544 3,375,723 4,121,075 6,695,226 11,041,016 4,938,667 4,043,386 Deals ,082 1, ,158 Trading Sessions Market cap (TZS bil) 6,098 6,094 11,577 11,533 11,675 11,777 11, , , , , , Exchange Rate 1,662 1,672 1,582 1,576 1,574 1,574 1, , , , , , DSE All Share Index 1,304 1,304 1,303 1,298 1,314 1,326 1, , , , , , TBL 2,020 2,020 2,020 2,040 2,400 2,600 2,640 2,500 2,440 2,520 2,600 2,620 TOL TATEPA TCC 3,140 3,140 3,140 3,140 3,140 3,200 3,300 3,320 3,320 3,360 3,360 4,000 TCCL 2,380 2,380 2,380 2,380 2,380 2,380 2,380 2,380 2,380 2,380 2,400 2,420 SWIS ,000 1,000 1,040 1,040 1,200 1,340 1,380 TPCC 2,080 2,080 2,080 2,080 2,180 2,400 2,400 2,400 2,420 2,440 2,500 2,500 DCB NMB ,000 CRDB JHL 5,860 5,860 5,860 5,860 5,860 5,860 5,860 5,860 5,860 5,860 5,860 5,860 KA 1,020 1,020 1,020 1,020 1,020 1,020 1,020 1,020 1,020 1,020 1,020 1,020 EABL 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 KCB NMG 3,100 3,100 3,100 3,100 3,100 3,100 3,100 3,100 3,100 3,100 3,100 3,100 ABG 13,160 13,160 13,160 13,160 13,160 13,160 13,160 13,160 13,160 13,160 PAL COMPARATIVE RATIOS COMPANY P/E RATIO YIELD TURNOVER RATIO (Turnover/ Mkt Cap) TBL TCC SIMBA S/PORT TWIGA NMB DCB CRDB TATEPA TOL NICOL EABL KA JHL KCB

6 TANZANIA BREWERIES LIMITED (TBL) SWISSPORT TANZANIA LIMITED (SWISSPORT) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) ,928,463 67,182 56, , ,000,000 4,430 2,524 21, ,928,463 85,584 52, , ,000,000 5,062 2,796 21, ,928,463 95,603 58, , ,000,000 5,166 2,862 25, ,928, ,168 58, , ,000,000 4,847 2,592 21, ,928, ,188 44, , ,000,000 5,668 3,238 21, ,928, ,842 44, , ,000,000 6,322 3,327 21, ,928, ,183 58, , ,000,000 10,238 5,671 29,520 TOL GASES LIMITED (TOL) TANZANIA PORTLAND CEMENT COMPANY LIMITED (TWIGA) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) ,000,000 (47.41) - 10, ,410-78, ,000, , ,923,100 27,932 5, , ,223, , ,923,100 43,582 7, , ,223,686 (144.62) - 12, ,923,100 50,193 12, , ,223,686 (890.19) - 9, ,923,100 68,788 23, , ,223,686 (1,862.98) ,923,100 71,929 25, , ,223, , ,923,100 32, ,240 6

7 TANZANIA TEA PACKERS LIMITED (TATEPA) KENYA AIRWAYS LIMITED (KA) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) ,430,000 (2,505) - 6, ,615,484 81,236 9, , ,430,000 2, , ,615, ,280 13, , ,857,165 (1,593) 1,786 9, ,615, ,550 14, , ,857,165 6,077 6,518 9, ,615, , , ,857,165 (504) - 8, ,615,484 (98,497) 8, , ,857, , ,615,484 92,537 12, , ,857,165 8, ,615,484 66,196 12, ,848 TANZANIA CIGARATTE COMPANY (TCC) EAST AFRICAN BREWERIES LIMITED (EABL) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) ,000,000 23,767 15, , ,978, ,568 62,208 1,317, ,000,000 22,360 10, , ,978, ,810 66,096 1,317, ,000,000 33,622 17, , ,978, , ,501 1,317, ,000,000 44,564 27, , ,978, , ,957 1,317, ,000,000 65,978 15, , ,978, , ,390 1,317, ,000,000 84,100 30, , ,978, , ,789 1,318, ,000, ,400 60, , ,978, , ,460 1,317,957 7

8 TANGA CEMENT COMPANY LIMITED (SIMBA) JUBILEE HOLDINGS LIMITED (JHL) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) (TZS Million) ,671,045 10,528 3,629 54, ,000,000 7,607 2, , ,671,045 23,065 11,970 61, ,000,000 12,097 2, , ,671,045 34,422 11,779 77, ,000,000 14,563 3, , ,671,045 43,219 7, , ,000,000 16,690 3, , ,671,045 45,830 11, , ,000,000 19,403 3, , ,671,045 30,380 16, , ,000,000 36,900 4, , ,671, , ,000, ,960 DAR ES SALAAM COMMUNITY BANK (DCB) (TZS Million) (TZS Million) (TZS Million) CRDB BANK PLC (CRDB) (TZS Million) (TZS Million) (TZS Million) ,795, ,795, ,535,302 2, ,393,236 2, , ,393,236 2, , ,393,236 4,243 1,555 9, ,393,236 20, ,666,600 24,390 1, ,666,600 38,446 2, ,333,200 51,703 4, ,176,532,160 60,005 4, , ,176,532,160 61,922 15, , ,176,532,160 65,637 17, , ,176,532,160 70,833 19, ,452 8

9 KENYA COMMERCIAL BANK (KCB) (TZS Million) (TZS Million) (TZS Million) NATIONAL MICROFINANCE BANK (NMB) (TZS Million) (TZS Million) (TZS Million) ,217,777,777 28,758 15, ,217,777,777 55,313 24, ,217,777,777 77,861 27, ,217,777, ,418 41, , ,217,777, ,564 38, , ,217,777, ,364 49, , ,217,777,777 1,298, ,000,000 70,935 15, , ,000,000 68,038 15, , ,000,000 78,445 18, , ,000, ,786 18, ,000 PRIMARY BONDS /TREASURY BILLS SUBSCRIPTION LEVELS TREASURY BONDS ISSUED AND THEIR SUBSCRIPTION LEVEL IN THE TREASURY BILLS AUCTIONED PRIMARY BOND SUBSCRIPTION LEVEL (Note: T.Bills are not traded on the Exchange) April to June 2011 April to June Apr-11 2yr % April % 21-Apr-11 5yr % May % 18-May-11 10yr % June % 1-Jun-11 5yr % 15-Jun-11 5yr % 29-Jun-11 10yr % July to September 2011 July to September Jul-11 10yr % July (81.18) 59% 27-Jul-11 5yr % August % 10-Aug-11 5yr % September (13.35) 93% 7-Sep-11 10yr % 21-Sep-11 2yr % October to December 2011 October to December Nov-11 2yr % Oct % 5-Oct-11 5yr % Nov % 30-Nov-11 5yr (21.65) 28% Dec (31.07) 84% 19-Oct-11 7yr % 2-Nov-11 10yr (7.15) 64% 28-Dec-11 10yr (19.07) 5% 9

10 January to March 2012 January to March Jan-12 2yr (8.85) 80% Jan % 7-Mar-12 2yr (45.75) 40% Feb % 25-Jan-12 5yr % Mar % 21-Mar-12 5yr % 8-Feb-12 7yr % 22-Feb-12 10yr % April to June 2012 April to June Apr-12 2yr 14, , % April % 18-Apr-12 10yr 14, , % May % 2-May-12 2yr 14,4455 8, %% June % 16-May-12 5yr 14, , % 30-May-12 7yr 15, , % 13-Jun-12 2yr 14, % 27-Jun-12 10yr 15, , % July to Sept 2012 July to Sept Jul-12 5yr % July % 25-Jul-12 7yr % Aug % 7-Aug-12 10yr % Sept % 22-Aug-12 2yr % 5-Sep-12 5yr % 19-Sep-12 7yr % Bond Issue Date Interest Rate Maturity Date Closing Principal (FV) 2:TWO S BONDS 7.82% issue NO.272 Treasury Bond 2010/2012(T.1) 15-Jul % 15-Jul ,000,100, % Bond NO.253 Treasury Bond 2010/2012(T.1) 23-Sep % 23-Sep ,417,400, % Bond NO.274 Treasury Bond 2010/2012(T.1) 4-Nov % 4-Nov ,000,000, % Bond NO.259 Treasury Bond 2010/2012(T.1) 16-Dec % 16-Dec ,000,000, % Bond NO.263 Treasury Bond 2011/2013(T.1) 10-Feb % 10-Feb ,000,000, % Bond NO.267 Treasury Bond 2011/2013(T.1) 7-Apr % 7-Apr ,000,000, % Bond NO.268 Treasury Bond 2011/2013(T.1) 1-Jun % 2-Jun ,000,000, % Bond NO.279 Treasury Bond 2011/2013(T.1) 22-Sep % 23-Sep ,000,000, % Bond NO.283 Treasury Bond 2011/2013(T.1) 17-Nov % 17-Nov-13 8,500,000, % Bond NO.287 Treasury Bond 2012/2014(T.1) 13-Jan % 13-Jan-14 25,000,000, % Bond NO.291 Treasury Bond 2012/2014(T.1) 8-Mar % 8-Mar-14 30,000,000, % Bond NO.295 Treasury Bond 2012/2014(T.1) 2-May % 3-May-14 5,000,000, % Bond NO.298 Treasury Bond 2012/2014(T.1) 12-Jun % 14-Jun-14 30,000,000, Total 2 Year Bond 486,917,500,

11 5 BONDS 9.18% Issue NO.17Treasury Bond 2007/2012(T.1) 5-Jul % 2-Jul ,000,000, % Issue NO.17Treasury Bond 2007/2012(T.2) 2-Aug % 2-Jul ,992,000, % Issue NO.17Treasury Bond 2007/2012(T.3) 30-Aug % 2-Jul ,643,500, % Issue NO.17Treasury Bond 2007/2012(T.4) 20-Sep % 2-Jul ,000,000, % Issue NO.18 Treasury Bond 2007/2012(T.1) 18-Oct % 18-Oct ,000,000, % Issue NO.18 Treasury Bond 2007/2012(T.2) 15-Nov % 18-Oct ,000,000, % Issue NO.18 Treasury Bond 2007/2012(T.3) 13-Dec % 18-Oct ,000,000, % Issue NO.19Treasury Bond 2007/2012(T.1) 16-Jan % 14-Jan ,000,000, % Issue NO.19Treasury Bond 2007/2012(T.2) 13-Mar % 14-Jan ,400,000, % Issue NO.20Treasury Bond 2007/2012(T.1) 22-Oct % 23-Oct ,487,700, % Issue NO.22Treasury Bond 2009/2014(T.1) 14-Jan % 13-Jan ,050,000, % Issue NO.230Treasury Bond 2009/2014(T.1) 7-May % 7-May ,200,000, % Issue NO.237Treasury Bond 2009/2014(T.1) 9-Sep % 9-Sep ,400,100, % Issue NO.241Treasury Bond 2009/2014(T.1) 13-Jan % 14-Jan ,276,000, % Bond NO.241Treasury Bond 2010/2015(T.1) 6-May % 6-May ,000,000, % Bond NO.250 Treasury Bond 2010/2015(T.1) 11-Aug % 12-Aug ,000,000, % Bond NO.254Treasury Bond 2010/2015(T.1) 7-Oct % 7-Oct ,000,000, % Bond NO.258 Treasury Bond 2010/2015(T.1) 2-Dec % 2-Dec ,000,000, % Bond NO.260 Treasury Bond 2010/2015(T.1) 30-Dec % 2-Dec ,000,000, % Bond NO.260 Treasury Bond 2011/2016(T.1) 24-Feb % 24-Feb ,000,000, % Bond NO.268 Treasury Bond 2011/2016(T.1) 21-Apr % 21-Feb ,530,000, % Bond NO.272 Treasury Bond 2011/2016(T.1) 16-Jun % 16-Jun ,000,000, % Bond NO.275 Treasury Bond 2011/2016(T.1) 27-Jul % 28-Jul ,900,700, % Bond NO.276 Treasury Bond 2011/2016(T.1) 11-Aug % 12-Aug ,450,000, % Bond NO.284 Treasury Bond 2011/2016(T.1) 30-Nov % 1-Dec ,153,900, % Bond NO.288Treasury Bond 2012/2017(T.1) 26-Jan % 25-Jan ,380,500, % Bond NO.292 Treasury Bond 2012/2017(T.1) 22-Mar % 22-Mar ,983,000, % Bond NO.296 Treasury Bond 2012/2017(T.1) 16-May % 17-May ,200,000, Total 5 Year Bond 594,047,400, BONDS 10.08% Issue NO.6 Treasury Bond 2005/2012(T.1) 20-Jul % 21-Jul ,000,000, % Issue NO.6 Treasury Bond 2005/2012(T.2) 24-Aug % 21-Jul ,000,000,

12 10.08% Issue NO.7 Treasury Bond 2005/2012(T.1) 12-Oct % 13-Oct ,000,000, % Issue NO.7 Treasury Bond 2005/2012(BOT) 2-Nov % 13-Oct ,000,000, % Issue NO.7 Treasury Bond 2005/2012(T.2) 23-Nov % 13-Oct ,000,000, % Issue NO.7 Treasury Bond 2005/2012(T.3) 15-Dec % 13-Oct ,000,000, % Issue NO.8 Treasury Bond 2006/2013(T.1) 10-Jan % 13-Jan ,000,000, % Issue NO.8 Treasury Bond 2006/2013(T.2) 8-Feb % 13-Jan ,943,000, % Issue NO.8 Treasury Bond 2006/2013(T.3) 8-Mar % 9-Mar ,600,000, % Issue NO.8 Treasury Bond 2006/2013(T.4) 29-Mar % 9-Mar ,000,000, % Issue NO.8 Treasury Bond 2006/2013(T.5) 12-Apr % 9-Mar ,200,000, % Issue NO.9 Treasury Bond 2006/2013(T.1) 10-May % 11-May ,000,000, % Issue NO.9 Treasury Bond 2006/2013(T.2) 7-Jun % 11-May ,000,000, % Issue NO.10 Treasury Bond 2006/2013(T.1) 5-Jul % 6-Jul ,000,000, % Issue NO.10 Treasury Bond 2006/2013(T.2) 2-Aug % 6-Jul ,299,200, % Issue NO.10 Treasury Bond 2006/2013(T.3) 30-Aug % 6-Jul ,000,000, % Issue NO.10 Treasury Bond 2006/2013(T.4) 13-Sep % 6-Jul ,619,900, % Issue NO.11 Treasury Bond 2006/2013(T.1) 11-Oct % 5-Oct ,000,000, % Issue NO.11 Treasury Bond 2006/2013(T.2) 8-Nov % 5-Oct ,000,000, % Issue NO.12 Treasury Bond 2007/2014(T.1) 10-Jan % 11-Jan ,800,000, % Issue NO.12 Treasury Bond 2007/2014(T.2) 7-Feb % 11-Jan ,000,000, % Issue NO.13 Treasury Bond 2007/2014(T.3) 4-Apr % 5-Apr ,886,300, % Issue NO.13 Treasury Bond 2007/2014(T.2) 3-May % 5-Apr ,000,000, % Issue NO.13 Treasury Bond 2007/2014(T.3) 31-May % 5-Apr ,000,000, % Issue NO.13 Treasury Bond 2007/2014(T.4) 28-Jun % 5-Apr ,000,000, % Issue NO.14 Treasury Bond 2007/2014(T.1) 19-Jul % 16-Jul ,522,400, % Issue NO.14 Treasury Bond 2007/2014(T.2) 10-Aug % 16-Jul ,565,640, % Issue NO.14 Treasury Bond 2007/2014(T.3) 6-Sep % 16-Jul ,000,000, % Issue NO.15 Treasury Bond 2007/2014(T.1) 11-Oct % 11-Oct ,000,000, % Issue NO.18 Treasury Bond 2007/2014(T.2) 8-Nov % 11-Oct ,000,000, % Issue NO.18 Treasury Bond 2007/2014(T.3) 6-Dec % 11-Oct ,646,700, % Issue NO.19 Treasury Bond 2008/2015 (T.1) 14-Feb % 11-Feb ,947,000, % Issue NO.20 Treasury Bond 2008/2015 (T.1) 17-Jul % 17-Jul ,213,500, % Issue NO.20 Treasury Bond No /2016 (T.1) 9-Apr % 6-Apr ,074,000, % Issue NO.20 Treasury Bond No /2016 (T.1) 12-Aug % 12-Aug ,600,000, % Issue NO.20 Treasury Bond No /2016 (T.1) 5-Nov % 5-Nov ,588,200,

13 10.08% Issue NO.20 Treasury Bond No /2017 (T.1) 11-Mar % 11-Mar ,500,100, % Treasury Bond No. 246, 2010/2017 (T.1) 19-May % 20-May ,000,000, % Treasury Bond No. 251, 2010/2017 (T.1) 25-Aug % 26-Aug ,635,000, % Treasury Bond No. 255, 2010/2017 (T.1) 21-Oct % 21-Oct ,000,000, % Treasury Bond No. 261, 2011/2018 (T.1) 13-Jan % 11-Jan ,900,000, % Treasury Bond No. 265, 2011/2018 (T.1) 10-Mar % 10-Mar ,175,100, % Treasury Bond No. 269, 2011/2018 (T.1) 4-May % 5-May ,165,300, % Treasury Bond No. 273, 2011/2018 (T.1) 30-Jun % 30-Jun ,993,000, % Treasury Bond No. 281, 2011/2018 (T.1) 20-Oct % 20-Oct ,000,000, % Treasury Bond No. 289, 201/2019 (T.1) 8-Feb % 8-Feb ,000,000, % Treasury Bond No. 293, 2012/2019 (T.1) 5-Apr % 5-Apr ,207,900, % Treasury Bond No. 297, 2012/2019 (T.1) 30-May % 31-May ,570,000, Total 7 year bond 593,652,240, S BONDS 8.5% issue NO.1 Treasury Bond 2002/20012(T.1) 30-Oct % 31-Oct ,000,000, % issue NO.1 Treasury Bond 2002/20012(T.2) 27-Nov % 31-Oct ,150,000, % issue NO.1 Treasury Bond 2002/20012(T.3) 24-Dec % 31-Oct ,979,000, % issue NO.2 Treasury Bond 2003/20013(T.1) 29-Jan % 30-Jan ,000, % issue NO.2 Treasury Bond 2003/20013(T.2) 26-Feb % 30-Jan ,000, % issue NO.2Treasury Bond 2003/20013(T.3) 26-Mar % 30-Jan ,700,000, % issue NO.2 Treasury Bond 2003/20013(T.4) 23-Apr % 30-Jan ,000,000, % issue NO.2 Treasury Bond 2003/20013(T.5) 28-May % 30-Jan ,500,000, % issue NO.2 Treasury Bond 2003/20013(T.6) 25-Jun % 30-Jan ,000,000, % issue NO.2 Treasury Bond 2003/20013(T.7) 23-Jul % 30-Jan ,500,000, % issue NO.2 Treasury Bond 2003/20013(T.9) 24-Sep % 30-Jan ,750,000, % issue NO.3 Treasury Bond 2003/20013(T.1) 22-Oct % 23-Oct ,500,000, % issue NO.3 Treasury Bond 2003/20013(T.2) 25-Nov % 23-Oct ,560,000, % issue NO.3 Treasury Bond 2003/20013(T.3) 23-Dec % 23-Oct ,010,000, % issue NO.3 Treasury Bond 2003/20013(T.4) 28-Jan % 23-Oct ,030,000, % issue NO.3 Treasury Bond 2003/20013(T.5) 25-Feb % 23-Oct ,000,000, % issue NO.3 Treasury Bond 2003/20013(T.6) 24-Mar % 23-Oct ,000,000, % issue NO.3 Treasury Bond 2003/20013(T.7) 28-Apr % 23-Oct ,001,100, % issue NO.3 Treasury Bond 2003/20013(T.8) 26-May % 23-Oct ,000,

14 11.44% issue NO.3 Treasury Bond 2003/20013(T.9) 28-Jul % 23-Oct ,245,100, % issue NO.4 Treasury Bond 2003/2013(T.2) 29-Sep % 26-Aug ,438,900, % Issue NO.4 Treasury Bond 2003/2014(T.4) 23-Mar % 28-Aug ,800, % Issue NO.5 Treasury Bond 2005/2015(T.1) 27-Apr % 28-Apr ,611,000, % Issue NO.5 Treasury Bond 2005/2015(T.2)-BOT 25-May % 28-Aug ,000,000, % Issue NO.6 Treasury Bond 2005/2015(T.1)-BOT 28-Jul % 27-Jul ,000,000, % Issue NO.6 Treasury Bond 2005/2015(T.2)-BOT 31-Aug % 27-Jul ,000,000, % Issue NO.7 Treasury Bond 2005/2015(T.1) 19-Oct % 20-Apr ,000,000, % Issue NO.7 Treasury Bond 2005/2015(T.2) 9-Nov % 20-Apr ,620,000, % Issue NO. 7 Treasury Bond 2005/2015(T.3)-BOT 29-Nov % 20-Apr ,000,000, % Issue NO. 7 Treasury Bond 2005/2015(T.4) 21-Dec % 20-Oct ,350,000, % Issue NO.8 Treasury Bond 2005/2015(T.1) 18-Jan % 19-Jan ,000,000, % issue NO.8 Treasury Bond 2006/2016(T.2) 15-Feb % 19-Jan ,000,000, % issue NO.8 Treasury Bond 2006/2016(T.3) 15-Mar % 19-Jan ,000,000, % issue NO.9 Treasury Bond 2006/2016(T.1) 5-Apr % 6-Apr ,525,000, % issue NO.9 Treasury Bond 2006/2016(T.3) 14-Jun % 6-Apr ,000,000, % issue NO.10 Treasury Bond 2006/2016(T.1) 12-Jul % 13-Jul ,634,000, % issue NO.10 Treasury Bond 2006/2016(T.2) 9-Aug % 13-Jul ,200,000, % issue NO.10 Treasury Bond 2006/2016(T.3) 6-Sep % 13-Jul ,000,000, % issue NO.11 Treasury Bond 2006/2016(T.1) 4-Oct % 5-Oct ,000,000, % issue NO.11 Treasury Bond 2006/2016(T.2) 1-Nov % 5-Oct ,700,000, % issue NO.11 Treasury Bond 2006/2016(T.3) 29-Nov % 5-Oct ,000,000, % issue NO.12 Treasury Bond 2007/2017(T.1) 1-Feb % 1-Feb ,000,000, % issue NO.12 Treasury Bond 2007/2017(T.2) 1-Mar % 1-Feb ,700, % issue NO.12 Treasury Bond 2007/2017(T.3) 29-Mar % 1-Feb ,635,300, % issue NO.13 Treasury Bond 2007/2017(T.1) 26-Apr % 27-Apr ,000,000, % issue NO.13 Treasury Bond 2007/2017(T.2) 24-May % 27-Apr ,000,000, % issue NO.13 Treasury Bond 2007/2017(T.3) 21-Jun % 27-Apr ,504,900, % issue NO.14 Treasury Bond 2007/2017(T.1) 12-Jul % 8-Jul ,955,700, % issue NO.14 Treasury Bond 2007/2017(T.2) 16-Aug % 8-Jul ,322,000, % issue NO.14 Treasury Bond 2007/2017(T.3) 13-Sep % 8-Jul ,000,000, % issue NO.15 Treasury Bond 2007/2017(T.1) 4-Oct % 30-Sep ,000,000, % issue NO.15 Treasury Bond 2007/2017(T.2) 1-Nov % 4-Oct ,000,000, % issue NO.15 Treasury Bond 2007/2017(T.3) 29-Nov % 4-Oct ,699,800,

15 11.44% issue NO.16 Treasury Bond 2008/2018(T.1) 22-May % 21-May ,511,200, % issue NO.18 Treasury Bond 2008/2018(T.1) 14-Aug % 11-Aug ,161,500, % issue NO.19 Treasury Bond 2009/2019(T.1) 12-Feb % 2-Dec ,497,600, % Bond NO 10Treasury Bond 2009/2019(A.1) 2-Jul % 2-Jul ,000,000, % Bond No 10 Treasury Bond 2009/2019(A.1) 3-Dec % 3-Dec ,361,600, % Bond No 10 Treasury Bond 2010/2020(A.1) 22-Apr % 22-Apr ,000,100, % Bond No 10 Treasury Bond 2010/2020(A.1) 3-Jun % 3-Jun ,181,900, % Bond No 252 Treasury Bond 2010/2020(T1) 8-Sep % 8-Sep ,000,000, % Bond No 257 Treasury Bond 2010/2020(T1) 18-Nov % 18-Nov ,000,000, % Treasury Bond No. 262, 2011/2021 (T.1) 27-Jan % 27-Jan ,000,000, % Treasury Bond No. 266, 2011/2021 (T.1) 24-Mar % 24-Mar ,625,000, % Treasury Bond No. 270, 2011/2021 (T.1) 18-May % 19-May ,000,000, % Treasury Bond No. 274, 2011/2021 (T.1) 13-Jul % 14-Jul ,000,000, % Treasury Bond No. 278, 2011/2021 (T.1) 8-Sep % 8-Sep ,000,000, % Treasury Bond No. 282, 2011/2021 (T.1) 3-Nov % 3-Nov ,840,000, % Treasury Bond No. 286, 2011/2021 (T.1) 29-Dec % 29-Dec ,500, % Treasury Bond No. 290, 2011/2021 (T.1) 21-Feb % 23-Feb ,000,000, % Treasury Bond No. 294, 2012/2022 (T.1) 19-Apr % 19-Apr ,000, % Treasury Bond No. 0000, 2012/2022 (T.1) 27-Jun % 27-Jun ,000,000, % Treasury Bond No. 43, 2012/2022 (T.1) 7-Aug % 7-Aug ,000,000, Total 10 year bond 642,690,700, Total Value of Outstanding Treasury Bonds 2,400,014,840,

16 Contact Addresses of Licensed Stock Brokers CORE securities Ltd 4th Floor, Elite City Tower Samora Avenue, Dar es Salaam Tel: Fax: Tanzania Securities Ltd 7th Floor, IPS Building Samora Avenue/ Azikiwe Street, Dar es Salaam Tel: Fax: Orbit Securities Co. Ltd 4th Floor, Golden Jubilee Tower, PSPF Building Ohio Street, Dar es Salaam Tel: Fax: Vertex International Securities Ltd Annex Building-Zambia High Commission Sokine/Ohio Street, Dar es Salaam Tel: Fax: Rasilimali Ltd 3rd Floor, Consolidated Holdings Building Samora Avenue, Dar es Salaam Tel: Fax: Solomon Stockbrokers Co. Ltd Ground Floor, PPF House Samora Avenue/ Morogoro Road, Dar es Salaam Tel: Fax: ZANSecurities Ltd Mezzanine Floor, Haidary Plaza P.O. Box 5366, Dar es Salaam Tel Fax: