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Banro Completes Recapitalization Transactions

TORONTO, ONTARIO–(Marketwired – April 19, 2017) – Banro Corporation (“Banro” or the “Company“) (NYSE MKT:BAA)(TSX:BAA) is pleased to announce that it has successfully completed its recapitalization (the “Recapitalization“) including the plan of arrangement (the “Plan“) under Section 192 of the Canada Business Corporations Act to implement certain transactions thereunder all as described in the Company’s management information circular dated February 27, 2017 (the “Circular“). Capitalized terms used in this press release not otherwise defined shall have the meaning ascribed thereto in the Circular.