On 28th August 2025, the Board of ZCCM Investments Holdings Plc (“ZCCM-IH” or the “Company”)
approved a proposal to purchase a 35% stake in Maamba Solar Energy Limited (“MSEL”), a wholly
owned subsidiary of Maamba Energy Limited (“MEL”) incorporated on 28th January 2025 to invest
in and develop the renewable energy business within the Nava Group in Zambia.

ZCCM-IH will purchase 35% of MEL’s shares in MSEL while the remaining 65% will be held by Nava
Global PTE Limited (previously known as Nava Bharat Singapore Pte Ltd) and consequentially,
invest in the 100MWAC Solar PV Power project (the “Project”). MSEL has begun the development
of the Project which is set to be commissioned in July 2026. Details of the project are tabulated
below.