PRESS RELEASE

26th October 2017, Dar es Salaam Mwalimu Commercial Bank Plc (MCB) has
expanded its reach to more branches countrywide through a strategic partnership
with TPB Bank Plc.

Speaking at a press conference to announce the strategic partnership between the

two banks, MCBs Chief Executive Officer, Mr Ronald Manongi, said his bank has
embarked on the strategic partnership to enable its customers enhance their
business activities through having additional channels for their business operations.
Mwalimu Commercial Bank partnership with TPB is in line with the banks vision of
delivering our services to where our customers are located. The strategic
collaboration is one of many channels that are being considered to enable the bank
to implement its strategy aimed at increasing customers access to services and
support the economic growth of the nation, said Mr. Manongi. He further explained
that the partnership will ensure that the transactions of their customers are more
secure as the automation will eliminate errors originating from manual transactions.

The two banks have created a common platform that connects MCB with all TPB
Bank branches covering various regions in Tanzania. Both organizations have taken
necessary measures to ensure high level of security on their platforms, therefore,
giving comfort to clients on the safety and confidentiality of their transactions. Mr.
Manongi added that once funds are deposited at a TPB branch anywhere in the
country, the amount is reflected in the receivers account as if the customer had
actually visited the MCB branch.

On his part, TPBs Chief Executive Officer Mr. Sabasaba Moshingi, hailed its banks
partnership with MCB noting that his banks customers will also benefit from the
initiative. Some of our customers carry out business activities with MCB account
holders. This initiative will, therefore, further enhance business activities amongst the
two banks account holders.

Moshingi also added that he was pleased with the partnership given his banks wide
network in Tanzania. Our bank has over 30 full-fledged branches in Tanzania. Our
partnership with MCB will cover all the regions where our branches are located said
Mr. Moshingi.

The banks officials called upon their customers and the public to leverage on the
partnership thus enhancing their business activities.

For more information contact:

Noves Moses, Chief Manager Corporate Affairs, TPB Bank Plc
Mobile: 0786253733, Email: info@tpbbank.co.tz