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Change In Directorate And Appointment Of Chief Executive Officer

In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to inform its shareholders and the market of the following changes to the Board of Directors and Executive leadership:

Mr. Kakenenwa Muyangwa has retired as a Non-Executive Director and Chairperson of the ZCCM- IH Board, effective 5 June 2025 and the Company is subsequently pleased to announce that Mr. Muyangwa has been appointed Chief Executive Officer (CEO) of ZCCM-IH and will serve as an Executive Director on the Board, effective 6 June 2025.

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Corporate Announcements, Press Releases, ZCCM-IH, ZCCM-IH News

TRANSACTION ANNOUNCEMENT

The shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) and other market
participants are referred to the cautionary announcements issued on 31st March 2025 and 16th May 2025.

The Board of Directors of ZCCM-IH wishes to inform shareholders and the market that on 23rd May 2025, ZCCM-IH entered into a transaction with Sino Great Group Ltd. (“Sino Great”) in partnership with Wonderful Group of Companies Limited (“Wonderful Group”) to develop an integrated closed circuit phosphate fertiliser Plant (the “Plant”).
About Sino Great
Sino Great Group Limited is a Chinese-owned enterprise actively engaged in Zambia’s industrial and
agricultural development, primarily through its subsidiary, Sino Great Chemical Company Limited. The
company is spearheading a significant investment in the country’s industrial and agricultural production
sector.
About Wonderful
Wonderful Group of Companies Limited, established in 2011, is a leading industrial conglomerate in Zambia. Wonderful Group is a diversified industrial and business conglomerate specialised in pioneering greenfield industries and brownfield industries management. It operates across a broad spectrum of industries, including the manufacturing of fertiliser and agro products; porcelain and ceramic tiles; sanitary ware; packaging and PVC construction materials; construction works; and silk cocoon and fabric.
Transaction Details

As of 27 May 2025, the market value of ZCCM IH was ZMW 16,080 million. Accordingly, the percentage Ratio of the consideration (USD 50 million OR ZMW 1,370 million as at the exchange rate on 27 May 2025) to the market capitalisation of ZCCM IH is 8.5%. In accordance with the Categorisation methodology of Section 9 of the Listings Requirements of the Lusaka Securities Exchange (“LuSE”), the Transaction is classified as a Category 2 Transaction.
In compliance with the requirements of Section 9 of the Listings Requirements of LuSE, the key features of the Transaction are as follows:

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Corporate Announcements, Press Releases, ZCCM-IH, ZCCM-IH News

Market Announcement Change in Executive Leadership

In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE
Rules”), ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) wishes to inform its
shareholders and the market that the Company has, by mutual agreement, separated with
its Chief Executive Officer, Dr. Ndoba J. Vibetti, effective 30 April 2025.

The Board of Directors extends its gratitude to Dr. Vibetti for his service and contributions
since his appointment on 1 February 2023. The Board wishes him every success in his future
endeavours.

Furthermore, the Board is pleased to announce the appointment of Mr. Tisa Chama,
currently serving as Chief Technical Officer, as Acting Chief Executive Officer with
immediate effect. Mr. Chama will serve in this capacity until further notice.

Brief Profile of Mr Tisa Chama
Eng. Chama is a seasoned Mining Engineer with over 25 years of experience across
technical, operational, and managerial roles in the mining sector. He has worked extensively
in Zambia, Namibia, East Africa, and West Africa, holding key positions at prominent mining
companies including ZCCM, KCM, Rio Tinto, AngloGold Ashanti (AGA), and Barrick, notably
serving as Planning Manager.

Before joining ZCCM-IH in November 2020, he was the Senior Principal Mining Engineer for
AGA’s Africa Region, based in Johannesburg, South Africa. His consultancy experience
spans project development from concept to feasibility stages for both Greenfield and
Brownfield sites, across a range of commodities including copper, cobalt, uranium, and
gold. He has demonstrated strong leadership skills in project management and technical
roles in various developing countries in Africa.

Eng. Chama holds a Bachelor of Mineral Sciences in Mining Engineering from the University
of Zambia and an MBA from the University of the Free State, South Africa. He is a Registered
Engineer with the Engineering Institution of Zambia (EIZ) and a member of the Southern
African Institute of Mining and Metallurgy (SAIMM).

The Board congratulates Mr. Chama on his appointment and extends its full support as he
assumes this role.

By Order of the Board
Charles Mjumphi
Company Secretary
Corporate Social Investment, ZCCM-IH

ZCCM-IH Launches Tree Planting Initiative

ZCCM Investments Holdings Plc (ZCCM-IH) in collaboration with Tree Zambia Limited has launched its tree planting initiative. The initiative was launched on 14th March 2025 at the Levy Mwanawasa Medical University. The tree planting initiative is aimed at mitigating the adverse effects of climate change that has impacted countries across the world, including Zambia. 

Speaking during the launch, ZCCM-IH Chief Executive Officer, Dr Ndoba J Vibetti said as a company with investments in mining and energy sectors, ZCCM-IH recognises its responsibility to contribute to the well-being of communities and the preservation of the environment. By the end of the project, ZCCM-IH will plant over 4000 ornamental and fruit trees at three health institutions in Lusaka and the Copperbelt Province. The trees will be planted at public health institutions to improve air quality, reduce urban heat, and support biodiversity. The fruit trees will offer nutritional benefits, contributing to food security and improved health outcomes.  

Director of Forestry at the Ministry of Green Economy and Environment Mr Sitwala Wamunyima commended ZCCM-IH for Utilizing its resources to drive environmental sustainability. In a speech read on his behalf by Chief Forestry Officer, Dr Freddie Siangulube, Mr Wamunyima said the tree planting project will help in the restoration of trees the country is losing at a rate of 172,00 hectares per annum due to deforestation.  

At the same event, Levy Mwanawasa Medical University’s Vice Chancellor Prof. Elwyn Chomba expressed her gratitude to ZCCM-IH and government for the initiative as it reflects commitment to a green future that the University upholds. 

The tree planting initiative is a testament to ZCCM-IH’s commitment to Zambia’s green economy agenda and our shared vision for a sustainable future.
Corporate Social Investment, ZCCM-IH

ZCCM-IH Donates to Chongwe District Hospital Maternity Ward

ZCCM Investments Holdings Plc (ZCCM-IH) has donated maternity and neonatal medical equipment and hygiene kits worth K100,000 to Chongwe District Hospital. The donation to the Hospital’s maternity ward took place on March 7th, 2025, in commemoration of International Women’s Day which falls on March 8th, 2025. 

Speaking during the handover ceremony, ZCCM-IH Chief Financial Officer, Mrs. Chilandu Sakala, said the company recognises the role that healthcare plays in the well-being of communities, and is committed to supporting initiatives that enhance quality maternal health.  

Chongwe District Health Director, Dr. Mweene Nseluke, expressed gratitude for the timely donation, noting that the donation will have a lasting impact on the community. 

Speaking at the same event, Chongwe District Hospital Medical Officer InCharge, Dr Christabel Mbiiza said the donation is a transformation of the maternity ward and will enable the hospital to offer better care and ensure safer and a more comfortable environment for both mothers and babies. 
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ZCCM-IH WITHDRAWAL OF EGM NOTICE- SENS

Further to the Notice and Agenda of the Extraordinary General Meeting (“EGM Notice”) published on the Stock Exchange Network News (“SENS”) on 20th February 2025 and in the press, the Board of ZCCM Investment Holdings Plc (“ZCCM-IH” or “the Company”) wishes to advise the shareholders and the general public that the Company will be unable to hold the EGM on 13th March 2025 as indicated in the EGM Notice due to the following reasons:

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Corporate Announcements

MARKET ANNOUNCEMENT CHANGE IN DIRECTORATE

In compliance with Section 3.59 of the Lusaka Securities Exchange Listing Rules (“LuSE Rules”), ZCCM-IH wishes to inform shareholders that the tenure of appointment as Director of Mr. Bishop John Mambo as Non-Executive Director on the ZCCM-IH Board came to an end effective 12th December 2024.

Mr Bishop John Mambo was appointed on 13 December 2021. During his tenure, he served as Non-Executive Director of the Board and was a member of the Remuneration and Investments Committee.
The ZCCM-IH Board wishes to thank Mr. Bishop John Mambo for his contribution to the Company and wishes him well in his future endeavours.

By Order of the Board
Charles Mjumphi
Company Secretary
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ZCCM-IH Participates In The 2nd Tranche Of The Flagship CEC Renewables

06th December 2024, Lusaka Zambia: ZCCM Investments Holdings PLC (ZCCM-IH) is pleased to announce its participation in the second tranche of the CEC Renewable Limited Green Bond with a USD10 million (approximately ZMW275 million) subscription.

The second tranche of the bond is aimed at raising USD96.7 million that will go towards funding the 136MW Itimpi-2 project, an expansion of 60MW Itimpi-1 solar PV plant.

ZCCM-IH Chief Executive Officer, Dr Ndoba Vibetti, highlighted the strategic importance of this subscription:
“Our mission is to create tangible wealth sustainably for the benefit of the Zambian people and all our stakeholders. This bond, which finances the development of solar projects, aligns with this mission and our strategic focus in growing our footprint in energy, particularly during the ongoing energy crisis, while also lowering ZCCM-IH’s overall carbon footprint.”

ZCCM-IH’s participation in the second tranche of the green bond aims at diversifying the composition of the company’s investment portfolio and enhancing its returns. This is aligned with the company’s 2023 2026 strategic plan that focuses on investments primarily in the mining and energy sectors.

This participation is further a testament of the company’s commitment to the development of local capital markets.

In December 2023, CEC Plc announced the Securities and Exchange Commission (SEC) registration of its USD200 million green bond under a 15-year Medium Term Note (MTN) Programme, a flagship transaction in Zambia aimed at financing CEC’s ambitions to invest in renewable energy projects with the capacity to generate at least 200MW of energy with a particular focus on solar energy.

In its first tranche, CEC raised USD54 million, and the proceeds were used to fund the development of Itimpi -1, a 60MW project on the Copperbelt Province commissioned in April 2024.

The green bond is privately placed and listed on the Lusaka Securities Exchange (LuSE) that complies with the ICMA Green Bond Principles, including participation from other local investors.