Cautionary Announcement- Proposed Merger Update, April 2019

Further to the cautionary announcements issued by Commercial Bank of Africa Limited (“CBA”) on 6th December, 2018 and 1st February, 2019, the Directors of CBA are pleased to announce that during the Annual General Meeting of the shareholders of CBA held on Tuesday 16th April, 2019, the shareholders approved the proposed merger between CBA and the NIC Group PLC and further approved and ratified the Merger Agreement and other key transaction documents between the merging entities.