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Download FURTHER CAUTIONARY ANNOUNCEMENT

FURTHER CAUTIONARY ANNOUNCEMENT

Published Date: 26th September 2025

Further to the cautionary announcement dated 26 June 2025, ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to inform shareholders and the investing public that, on 20 June 2025, the Company was joined as a party to a Constitutional Court matter commenced by Honourable Miles Bwalya Sampa (“the Petitioner”) against the Attorney General of the Republic of Zambia (“the Respondent”).

The Petition challenges the 2024 transaction involving Mopani Copper Mines Plc (“MCM”) and International Resources Holdings (“IRH”) on constitutional grounds. Specifically, the Petitioner contends that the transaction, executed when MCM was wholly owned by ZCCM-IH, a state-controlled entity, amounts to a disposal of a significant state asset and, as such, should have been subjected to prior approval by Parliament in accordance with Article 210 of the Constitution of Zambia (Amendment) Act No. 2 of 2016.