Announcements

In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM-Investments Holdings PLC (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the Group and Company Unaudited Half Year Results for the period ended 30th June 2022 is expected to be approximately 270% lower and 481% higher respectively, than the Unaudited Half Year Results for the period ended 30th June 2021. The movement in EPS for the Group is primarily attributed to the losses recorded by the subsidiary Mopani Copper Mines PLC (“Mopani”), of ZMW2.1 billion (US$121 million) in the period; as Mopani accounted for 97% of the Group’s total revenue. While the movement in EPS for the Company is attributed to a 931% increase in revenue from ZMW121.2 million (US$5.4 million) to ZMW1.25 billion (US$72.9 million), resulting largely from a special dividend of ZMW770 million (US$ 43.5 million) from one of the investee companies, Kansanshi Mining PLC.

In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM-Investments Holdings PLC (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the Company for the unaudited financial year ended 31st December 2021 is expected to be approximately 136% higher than the financial year ended 31st December 2020. The movement in EPS for the Company was primarily attributed to a 328% increase in investment income and subsequent 488% increase in operating profit.

ZCCM-IH would like to clarify to the members of the public that the sanctioning of the Company as a result of the non-publication of the 2021 financial statements by or before 30 June 2022 is neither a suspension nor a delisting. Euronext (Paris) has transferred ZCCM-IH’s listed shares to the Penalty bench/non-compliant issuers for breach of the requirements related to publication of financial statements.

Shareholders are referred to the Company announcement dated 28 February 2022 where it was communicated that the audited 2021 financial statements would be issued by 31 March 2022.

Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH”) are referred to the announcement dated 23 May 2019 concerning ZCCM-IH filing a petition in the High Court of Zambia for the winding up of Konkola Copper Mines PLC (“KCM”) on 21 May 2019 (the “Petition”) and the appointment by the Court of Mr. Milingo Lungu as provisional liquidator of KCM (the “Provisional Liquidator”) and to the announcement dated 23 June 2021 regarding ZCCM-IH’s application for leave to appeal against the decision of the Court of appeal which stayed the liquidation proceedings and referred the parties to Arbitration.

According to section 3.59 of the LuSE Listing Requirements, the Board of Directors of ZCCM Investments Holdings Plc (the “Board”) wishes to announce the resignation of Mr. M C Kaluba as a Non-Executive Director effective 17 August 2022. In His place, Mr. Muchindu Kasongola has been appointed with effect from 24 August 2022.

The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”), as well as other market participants, are referred to the announcement published on the Securities Exchange News Service (“SENS”) of the Lusaka Securities Exchange (“LuSE”) dated 23 February 2022 wherein the 2020 abridged financial statements were published.