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ZCCM-IH | Executive Appointment Announcement

As required by the provisions of the Securities Act, Cap 354 of the laws of Zambia, the Securities (Registration of Securities) Rules, 1993, and the Listing Rules of the Lusaka Stock Exchange (LuSE), the Board of ZCCM Investments Holdings Plc hereby announces the appointment of MR MUKELA MUYUNDA as the new Chief Executive Officer of the Company with effect from 8th February 2011.

Mr Muyunda who brings with him a wealth of managerial experience, was, until recently, the Managing Director of Zambia Telecommunications Company Limited (ZAMTEL) and previously served as Director of Finance for ZAMTEL as well as Director of Finance and Corporate Services for the Zambia Wildlife Authority and Finance Manager for Zambia Sugar Plc.

Mr Muyunda holds a Master of Science Degree in Accounting and Finance from University of Stirling (UK), a Bachelor of Accountancy Degree from Copperbelt University, is an Associate Member of the Chartered Institute of Management Accountants and a Fellow of the Zambia Institute of Chartered Accountants.

The Board is pleased to welcome Mr Muyunda to ZCCM­IH and looks forward to his contribution toward the realisation of ZCCM­IH’s vision of being the leading Zambian Investment Company in Mining.

By Order of the Board

Alfred J Lungu

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