Introduction

In compliance with the requirements of the Securities Act No. 41 of 2016and the Listing Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings Plc (ZCCM-IH) announces the interim unaudited financial results of the Company and its Subsidiaries (collectively referred to as the Group) for the six months’ period ended 30th September 2018.

Financial Performance

The Group recorded a turnover of K67.5 million for the six-month period ended 30th September 2018 which represents 80% over the turnover of K37.5 million reported during the six months to 30th September 2017. The increase is mostly on account of the consolidation of Investrust Bank following the Group’s increase in the Bank’s shareholding to 71.4%. The Group recorded an operating loss of K222 million (Sept 2017: loss K123 million) and received dividends of K44.8 million from Kansanshi Mining Plc (September 2017: Nil).

The Group’s share of profit in associate companies was K437.5 million (September 2017: K227.3 million). The performance of the associate companies has continued to improve due to continued increase in demand for copper on the world market resulting in increased copper prices. Overall the Group recorded an after-tax profit of K510 million (September 2017: K87.8 million).

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Interim Financial Statements – HY 30 September 2018

In accordance with Section 3.4(b) Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM-Investments Holdings PLC (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings Per Share (“EPS”) for the six-month period ended 30 September 2018 is expected to be approximately 476% higher than for the six-month period ended 30 September 2017.

The movement in EPS is primarily attributed to the improved profits in associate companies and exchange gains. This improved performance is mainly due to the continued increase in demand for copper on the world market.

Shareholders are advised that the information contained in this trading statement has not been reviewed or reported on by the external auditors of the Company.

The Company expects its Interim Financial Results for the six-month period ended 30 September 2018 to be released on Securities Exchange News Services (“SENS”) and published in the local press on or about 28th December 2018. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.

By Order of the Board
Chabby Chabala
Company Secretary

Issued in Lusaka, Zambia on Wednesday, 26th December 2018

Lusaka Securities Exchange Sponsoring Broker
	T | +260-211-232456 E | advisory@sbz.com.zm W | www.sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 26 December 2018

In accordance with the requirements of the Securities Act No. 41 of 2016 and the Listings Rules of the Lusaka Securities Exchange, ZCCM Investments Holdings Plc (“ZCCM-IH Plc”) announces its unaudited annual financial statements for the year ended 31 March 2018.

Commentary

• The Group reported a profit of K975 million (2017: K 729 million) representing 33% increase, driven by improved production volumes of copper in most of ZCCM-IH’s investee companies and an upsurge in copper prices during the year. London Metal Exchange copper price increased by 14.8% to US$ 6,724/ton (2017: US$5,858/ton) during the year.
• The Group recorded an operating loss of K130 million (2017: profit K848 million) mainly due to Ndola Lime Company Limited’s (Subsidiary) continued loss-making position, which contributed an operating loss of K167 million (2017: K1,152 million) during the year. Additionally, the impairment of the investment in Konkola Copper Mines Plc amounting to K218 million increased the recorded operating loss during the year.
• The Group recorded a positive share of profit from equity accounted investee companies of K 689 million (2017: loss K 189 million). This movement represents 464% increase.
• Profit after tax was K 975 million (2017: K 729 million).
• The Group’s total assets increased by 13% from K9, 579 million (2017) to K10, 865 million (2018) on account of increase in the net assets of investee companies whose performance continued to improve during the year.

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Provisional Abridged Financial Statements – FYE 31 March 2018

In accordance with Section 3.4(b) Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of ZCCM-Investments Holdings PLC (the “Company” or “ZCCM-IH”) hereby advises the Shareholders of the Company that the Earnings PerShare (“EPS”) for the financial year ended 31 March 2018 is expected to be approximately 34% higher than for the financial year ended 31 March 2017.

The movement in EPS is primarily attributed to the improved performance of most major mining companies in ZCCM-IH’s portfolio and the continued increase in demand and hence prices for copper on the world market.

Shareholders are advised that the information contained in this trading statement has not been reviewed or reported on by the external auditors of the Company.

The Company expects its Provisional Abridged Financial Results for year ended 31 March 2018 to be released on Securities Exchange News Services (“SENS”) and published in the local press on or about 30th November 2018. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.

By Order of the Board
Chabby Chabala
Company Secretary

Issued in Lusaka, Zambia on Thursday, 29 November 2018

Lusaka Securities Exchange Sponsoring Broker
	T | +260-211-232456 E | advisory@sbz.com.zm W | www.sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 29 November 2018

Shareholders of ZCCM Investments Holdings Plc (“ZCCM-IH” or “the Company”) are referred to the announcement dated Friday, 3rd August 2018, wherein the shareholders as well as other market participants were informed that Ndola Lime Company Limited (“NLC”), an investee company of ZCCM-IH, continues to be in financial distress. ZCCM-IH has over the past 10 years invested over K1 billion in NLC in form of debt and equity in an effort to turnaround the loss-making operations of the Company into profitability.

Arising from the above, two former employees of NLC applied to the High Court to place NLC under supervision pursuant to the Corporate Insolvency Act No. 9 of 2017. By order of the Court dated 5th October 2018, the Official Receiver was appointed as Interim Business Rescue Administrator of NLC. However, ZCCM-IH is seeking legal redress regarding the aforementioned proceedings.

For more information on the above, please refer to the Press Statement on the ZCCM-IH website in the link embedded below:

https://zccm-ih.com.zm/zccm-ih-press-statement-on-the-status-of-ndola-lime-company-limited/

ZCCM-IH will provide details of the outcome of the legal proceedings in due course.

In the meantime, Shareholders are advised to exercise caution when dealing in securities of the Company until a full announcement is made.

By Order of the Board

Chabby Chabala
COMPANY SECRETARY

Issued in Lusaka, Zambia on Friday, 23rd November 2018

Lusaka Securities Exchange Sponsoring Broker
	T | +260-211-232456 E | advisory@sbz.com.zm W | www.sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 23 November 2018