BANRO CORP. T.BAA

Liberty Street Proxy Circular

[imerc23]

This is important for all Banro shareholders to read:

https://www.einnews.com/pr_news/208995426/liberty-street-urges-fellow-shareholders-to-put-an-end-to-banro-s-current-value-destruction

June 11, 2014

Dear Fellow Shareholder:

I am writing on behalf of Liberty Street Capital Corp. ("Liberty Street") to ask for your support at the annual and special meeting of Banro Corporation (the "Corporation" or "Banro") scheduled to be held on June 27, 2014. The time has come for real and meaningful change in the oversight and management of the company. We are deeply concerned about the lack of performance and poor corporate governance at Banro. Our highly experienced nominees for the Board of Directors of Banro (the "Liberty Street Nominees") are committed to transforming governance at the Corporation.

We believe that Banro can and should be an important contributor to the economy of the Democratic Republic of Congo ("DRC"). At present, the possibility of shareholders enjoying this bright future is lost as the Corporation stumbles from quarter to quarter under the leadership of a management team distracted by a variety of outside business interests and a board of directors content to view the destruction of shareholder value from the sidelines.

Now is the time to ensure that Banro has the balanced and skilled board that it needs for the benefit of all Shareholders. CHANGE IS NEEDED NOW.
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