RESULTS OF THE RENOUNCEABLE CLAWBACK RIGHTS
OFFER
INTRODUCTION
ZCCMIH shareholders are referred to the Declaration Announcement dated Friday, 11 April 2014, and the Finalisation Announcement dated Wednesday, 16 April 2014, as well as the Circular to Shareholders dated Monday, 12 May 2014, setting out the details of the ZCCMIH Renounceable Clawback Rights Offer of 8,920,957 “B” Ordinary Shares subscribed for by the National Pension Scheme Authority (“NAPSA”), on the basis of 4 (four) new Ordinary Shares for every 5 (five) Ordinary Shares already held as at the Record Date, Friday, 09 May 2014, at a subscription price of ZMW 29.23 per new Ordinary Share.
The Clawback Rights Offer opened on Monday, 12 May 2014 and the closing date was extended from Friday, 13 June 2014 to Friday, 27 June 2014 following delays with the postal delivery of the Clawback Rights Offer Circular document to shareholders. The extension was, therefore, necessitated by the need to ensure that all shareholders were given sufficient time and opportunity to take any one of the prescribed courses of action set out in the Circular.
RESULTS
The results of the Clawback Rights Offer are as follows:
| SUMMARY RESULTS | Number of Claw‐Back Rights Offer Shares |
Percentage of Claw‐Back Rights Offer Shares |
| Claw‐back Rights Offer Shares available for subscription | 8,920,957 | 100.0% |
| Total Claw‐back Rights Offer Shares subscribed for by minorities | 651,545 | 7.3% |
| Claw‐back Rights Offer Shares allocated to NAPSA | 8,269,412 | 92.7% |
ISSUE OF CLAWBACK RIGHTS OFFER SHARES
The new Clawback Rights Offer Shares will be issued on Friday, 25 July 2014 and listed on the Lusaka Stock Exchange (“LuSE”) on Monday, 28 July 2014.
Qualifying Shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Clawback Rights Offer Shares, will have their LuSE Central Shares Depository accounts credited with the new Ordinary Shares by Monday, 28 July 2014.
Lusaka, Zambia 24 JULY 2014