Dear Sirs/Mesdames

APPLICATION FOR LIMITED DEDUCTION DIRECTION FOR DIVIDEND PAYABLE BY ZCCM INVESTMENTS HOLDINGS PLC TO FRENCH SHAREHOLDERS

Following your application for withholding tax exemption with the Zambia Revenue Authority (ZRA), we wish to advise that ZRA is unable to grant the Limited Deduction Directions (LDDs) for all dividend payments by ZCCM Investment Holdings Plc to the Shareholders resident in France. Consequently, all dividend payments are made in 2019 will attract 20% withholding tax.

For further queries on the matter, we advise that you contact ZRA directly.

Yours faithfully
ZCCM Investment Holdings Plc

C Chabala
CCSO/Company Secretary


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