The Group’s previous fi nancial statements are available on the website www.delta.co.zw

All standard legal disclaimers apply.

REMINDER ON CAUTIONARY STATEMENT

Shareholders are reminded that the Company is trading under a cautionary issued with respect to the notice received from The Coca-Cola Company (TCCC) advising of an intention to terminate the Bottler’s Agreements with the Group entities (Notifi ed Intention). This followed the merger of AB InBev and SABMiller Plc in October 2016 and the subsequent agreement in principle reached between TCCC and AB InBev to explore options to restructure the bottling operations in a number of countries. The discussions amongst the parties are ongoing.

DIVIDEND NOTICE TO SHAREHOLDERS

NOTICE is hereby given that the Board of Directors has declared an Interim Dividend, number 121, of 2,5 cents per share payable in respect of all the qualifying ordinary shares of the Company to be paid out of the profi ts for the current fi nancial year. This will be payable to shareholders registered at the close of business on 26 October 2018. The dividend will be paid by direct transfers or other approved forms of payment as per the following timetable:

By Order of the Board

A Makamure

Company Secretary

11 October 2018

S ab l e H ou s e , N or thr id g e Cl os e , B or rowd al e , Har are , Z imb abwe , w w w.d el t a .co .z w

TRADING UPDATE FOR THE SECOND QUARTER AND HALF YEAR TO 30 SEPTEMBER 2018

C F Dube (Chairman), P Gowero (Chief Executive), R T Almeida Cabral de Soares, C C Jinya, S J Hammond, J A Kirby, T Moyo, A S Murray, L E M Ngwerume, Prof. H C Sadza, T N Sibanda, M M Valela

The Company today issues an update for the second quarter and the half year ended 30 September 2018. The business performance refl ects the relative impact of the import content requiring hard currency in each business segment. Consumer demand has been fi rm due to increased economic activity in mining and agriculture, expansionary fi scal and monetary policies and the election related spending. The Company has maintained stable retail prices since 2013.

Post the end of the reporting period, the fi scal and monetary policy pronouncements have been dampened by the currency policy statements which seem to contradict the previous undertakings by the Reserve Bank of Zimbabwe on the multi-currency framework. In addition the 2% transaction tax took both business and consumers by surprise, raising policy risks and undermining market confi dence.

Government and regulators are urged to engage stakeholders ahead of major policy pronouncements in order to maintain market confi dence.

Lager beer volume grew by 52% over prior year for the quarter and is up 54% for the six months. The business has responded well to the surge in demand, with volume outturn surpassing historical peaks. There are some frictional shortages of brands and packs occasioned by the limited production capacity and raw material supply issues.

The Sorghum beer volume in Zimbabwe grew by 9% above prior year for the quarter and 2% for the six months. There was an improvement in the supply of packaging materials for Chibuku Super. The production capacity for Chibuku Super is now fully extended whilst that for standard Chibuku is limited by the shortages of Scud bottles.

National Breweries Plc - Zambia (Natbrew Plc) recorded a volume growth of 13%, in response to the volume recovery initiatives which focus on packs and competitive pricing.

The Sparkling beverages volume declined by 14% compared to prior year for the quarter and grew by 3% for the six months. The category was adversely affected by the challenges in securing imported raw materials, leading to extended periods of production stoppages and out of stock situations.

Group revenue increased by 33% (30% organic growth) for the quarter and 37% for the half year driven by the volume growth in the beer businesses. The growth in revenue has positively impacted on profi tability and cashfl ows.

The half year results are expected to be published on 8 November 2018.

B R I G H T E R T O G E T H E R

Action Date

Announcement Date 11 October 2018

Last Date to Trade – cum dividend 23 October 2018

Share Trade Ex Dividend 24 October 2018

Last Record Date (LDR) 26 October 2018

Payment Date 6 November 2018

Dividend Amount $ 31,4 million