PRESS RELEASE

Banco Terra opens Nampula Branch

Banco Terra today announced that is has received Central Bank authorization to commence operations
in Nampula. A temporary branch has been set up which will open its doors tomorrow. Maarten Susan
(CEO) mentioned: “Banco Terra’s core objective is to provide financial services to the unbanked
population of Mozambique. Nampula is an important stepping stone towards the building of a
nationwide distribution network. We expect the city to serve as a logistical hub assisting future
establishments in surrounding rural districts”.

He further stated that he expects to move to permanent premises in Nampula by the 1st quarter of
2009, and also announced that the bank has applied for approval to open a branch in Malema.

Maputo, July 10th, 2008

FOR ADDITIONAL INFORMATION CONTACT:

Maarten Susan: Mobile: +258 82 303 0704 or +258 21 359 901, Email: msusan@bancoterra.co.mz
Rien van Eck: Mobile: +258 82 304 0168 or +258 21 359 900, Email: reck@bancoterra.co.mz

www.bancoterra.co.mz

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