Transaction in Own Shares/PDMR

Masawara plc ("Masawara" or the "Company")

Transaction in own shares / PDMR

Masawara plc announces that on the 8 May 2012 it purchased 144,963 ordinary shares of US$0.01 each in the Company ("Ordinary Shares") at a price of 51.5 pence per Ordinary Share. The Ordinary Shares are being acquired to satisfy commitments in relation to the listing of the Company in August 2010 and will be granted to employees of the Company's wholly owned subsidiary, Masawara Zimbabwe (Pvt) Limited.

Of the Ordinary Shares acquired, Julian Vezey, a non-executive director of the Company, has been granted 82,836 ordinary shares. Following the acquisition of these Ordinary Shares, Julian Vezey is now interested in a total of 82,836 Ordinary Shares in the Company representing approximately 0.07% of the issued share capital.

Contact details

Masawara plc

Pride Masamba/Rutendo Maziva +263 4 751805

Cenkos Securities plc (Nominated adviser and broker)

Nicholas Wells/Max Hartley +44 20 7397 8900