Sale of mortgaged properties

1. NOTICE IS HEREBY GIVEN, that pursuant to Mortgage Deed executed by Simon Group Limited (the “Company”) in favor of TIB Development Bank Limited (the “Bank”) and subject to the terms of the Mortgage Deed and applicable law, we, AYOUB MTAFYA and NUHU MKUMBUKWA of NEXLAW ADVOCATES, being the duly appointed Receivers and Managers (the “Receivers and Managers”). of the Company, invite sealed bids for the purchase of the mortgaged properties charged in favor of the Bank as described below. 2. The properties comprise of Plots No. 80, 81, 82a, 83 and 84, located at Igogo Industrial Area, Mwanza City (the “the Properties”). The Properties are offered for sale as one lot and are being sold on as-is-basis. 3. Interested members of the public are hereby invited to submit sealed bids for the purchase of the properties. The bid should indicate the name of the intended purchaser of the properties, contact details and the Bid amount. The Bid must be delivered to the address below.