Public announcement - Conversion of Continental Discount House Limited to a Bank

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The directors and management of Continental Discount House Limited and CDH Investment Bank Limited are pleased to inform customers and the general public of the successful completion of the process of converting Continental Discount House Limited into a bank known as CDH Investment Bank Limited ('the Bank") following the approval by the Registrar of Financial Institutions granted in May 2011.

Accordingly, effective Sunday 1 April 2012 the Bank shall assume full responsibility for all assets, liabilities, contracts, agreements, covenants, relationships, alliances and otherwise all legal obligations and rights of Continental Discount House Limited with all customers, suppliers, contracting parties, counterparties and partners.

The Bank will open for business on Monday 2 April 2012 at two banking centres one located next to Mchinji Round About Shopping Mall in Lilongwe and the other on 1st Floor in Unit House in Blantyre.

The CDH Group extends sincere thanks to all valued customers and business partners for the support. Special thanks go to the Governor and senior management of the Reserve Bank of Malawi for the invaluable guidance in the conversion process.

By order of the board of directors.
Arthur Alick Msowoya
Company Secretary
30 March 2012