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In compliance with the Companies Act, Chapter 388 of the laws of Zambia, a copy of the attached renounceable claw‐back rights offer (“Offer”) circular (the “Circular”) has been registered by the Registrar of Companies (the “Registrar”) at the Patents and Companies Registration Agency in Zambia (“PACRA”). The Registrar has not checked and will not check the accuracy of the statements made in the Circular and therefore accepts no responsibility for the financial soundness of ZCCM Investments Holdings PLC (the “Company”) or the value of the securities concerned.

ZCCM‐IH Shareholders (“Shareholders”) are referred to the Declaration Announcement published on 11 April 2014 advising shareholders of the proposed Rights Offer to be implemented by way of a fully subscribed renounceable Claw‐Back Rights Offer (the “Rights Offer”). In compliance with the Listing Rules of the Lusaka Stock Exchange (“LuSE”) and further to the Declaration Announcement dated 11 April 2014, Shareholders are advised that the relevant Rights Offer terms and documentation have been finalized. Accordingly, ZCCM‐IH will now proceed with the Rights Offer.

In compliance with the Listing Rules of the Lusaka Stock Exchange (LuSE), shareholders are referred to the Market Update Announcement of 28 March 2014 in which ZCCM‐IH informed shareholders that the recapitalization of ZCCM‐IH as declared in the Extraordinary General Meeting (EGM) Circular to Shareholders dated 24 January 2014 (“the EGM Circular”) was realised through the signing of a Debt Settlement Agreement between ZCCM‐IH and the Government of the Republic of Zambia (“GRZ”) on 25 March 2014. As stated in the EGM Circular the recapital

ZCCM Investments Holdings PLC (ZCCM-­IH) today announces that it has concluded the restructuring of its balance sheet.

Further to the cautionary announcement issued on 12 December 2012, shareholders and the market are advised of the following further and on ­ going developments relating to the Company and are advised to continue exercising caution when dealing in ZCCM­IH shares.

NOTICE IS HEREBY given that an Extraordinary General Meeting of the members of ZCCM Investments Holdings Plc will be held on Friday, 17 May 2013 at 10:00 hours at Southern Sun Ridgeway Hotel, corner of Church Road and Independence Avenue, Lusaka, Zambia.

Further to the cautionary announcement issued on 12 December 2012, shareholders and the market are advised of the following further and on – going developments relating to the Company and are advised to continue exercising caution when dealing in ZCCM-IH shares.