The Directors of AICO Africa Limited would like to advise Shareholders of the Company, that the Directors have entered into negotiations for a potential transaction, which if successful, could have a material impact on the price of the Company's shares.
Accordingly, Shareholders are advised to exercise caution when dealing in the company's shares until a full announcement is made.
By Order of the Board

B. Mudzimuirema Director 20 December 2011

Registered Office: 1st Floor, SAZ Building 1 Northend Close, Northridge Park Box BW537, Borrowdale Harare, Zimbabwe