CLAW BACK RIGHTS OFFER
DECLARATION ANNOUNCEMENT
LAST DAY FOR REGISTRATION FOR THE RIGHTS

INTRODUCTION
In compliance with the Listing Rules of the Lusaka Stock Exchange (LuSE), shareholders are referred to the Market Update Announcement of 28 March 2014 in which ZCCM-IH informed shareholders that the recapitalisation of ZCCM‐IH as declared in the Extraordinary General Meeting (EGM) Circular to Shareholders dated 24 January 2014 (“the EGM Circular”) was realised through the signing of a Debt Settlement Agreement between ZCCM-IH and the Government of the Republic of Zambia (“GRZ“) on 25 March 2014….

Download the full announcement below:

Rights Offer Declaration Announcement

ZCCM Investments Holdings PLC (ZCCM­IH) today announces that it has concluded the restructuring of its balance sheet. This momentous achievement is the result of the efforts by the Government of the Republic of Zambia (GRZ), in its capacity and role as the majority shareholder, to strengthen ZCCM­IH’s balance sheet in order to reposition and attract new investment into the company. As part of the said restructuring, GRZ has converted the debt owed to it by ZCCM­IH into equity through a share rights issue conducted on the Lusaka Stock Exchange (LuSE).

By a Debt Settlement Agreement between GRZ and ZCCM­IH signed on 25 March 2014, ZCCM­IH’s net indebtedness of ZMW 1,829,298,173.06 to GRZ was converted into equity, thereby satisfying the issuance and subscription for 87.6% of the new rights offer shares by GRZ…

Download the full press release below:

Conclusion of Balance Sheet (Replacement)

NOTICE IS HEREBY given that the Tenth Annual General Meeting of members of ZCCM Investments Holdings Plc will be held on Monday, 30 December 2013 at 10:00 hours at Southern Sun Ridgeway Hotel, corner of Church Road and Independence Avenue, Lusaka, Zambia to transact the following business:

1. To consider and adopt the minutes of the 9th Annual General Meeting held on 13 December 2012.
2. To consider and adopt the minutes of the Extraordinary General Meeting held on 17 May 2013.
3. To receive and adopt the audited Financial Statements for the year ended 31 March 2013, together with the Reports of the Directors and the Auditors thereon.
4. To consider and adopt the recommendation to appoint Auditors for the ensuing year to 31 March 2014, and to authorise the Directors to fix their remuneration.
5. To transact such other business as may properly be transacted at an Annual General Meeting.

A member entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend and, on a poll, to vote in his/her stead. The proxy need not be a member of the Company. A proxy form is enclosed and must be deposited at the office of the Company Secretary not less than 48 hours before the time appointed for holding the meeting.

By Order of the Board

Chabby Chabala

Company Secretary

MARKET UPDATE ON THE INTERNAL
RESTRUCTURING AND REPOSITIONING STRATEGY
AND
FURTHER CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcement issued on 12 December 2012, shareholders and the market are advised of the following further and on-going developments relating to the Company and are advised to continue exercising caution when dealing in ZCCM­IH shares…

Download the full Market Update and Cautionary Statement below:

Market Update and Cautionary Statement

In compliance with the requirements of the “Securities Act, Cap 354 of the Laws of Zambia” and the Listing Rules of the Lusaka Stock Exchange, ZCCM Investments Holdings Plc announces the unaudited results for the six months period ended 31st March 2013.

The Group achieved a turnover of ZMW141.5 million during the six month period ended 31 March 2013 which was 13% above the turnover of ZMW 124.9 million for the six months to 31 March 2012. The turnover for Ndola Lime Company Limited (NLC) increased by 16% to ZMW107.5 million (2012: ZMW 92.5 million) The increase in turnover was as a result of improved production levels following the successful repair of the electrostatic precipitator at the beginning of 2012.

Total Dividend income earned was ZMW 8.9 million (2012:ZMW23.3 million). Dividends were earned from Chibuluma Mines Plc (ZMW 5.5 million) and Copperbelt Energy Corporation Plc (ZMW 3.4 million).

Download the full Directors’ interim summary for the six months ended 31 March 2013 below:

Directors’ interim summary for the six months ended 31 March 2013

NOTICE IS HEREBY given that an Extraordinary General Meeting of the members of ZCCM Investments Holdings Plc will be held on Friday, 17th May 2013 at 10:00 hours at Southern Sun Ridgeway Hotel, corner of Church Road and Independence Avenue, Lusaka, Zambia for the following business:

1. To receive and adopt the audited Financial Statements of the Group for the year ended 31st March 2012, together with the Reports of the Directors and the Auditors to the Shareholders.
2. To ratify the appointment of Directors.
3. To ratify the appointment of Auditors for the financial year ended 31st March 2013 and to authorise Directors to fix their remuneration thereof.

A member entitled to attend and vote at the meeting is entitled to appoint one or more proxies to attend and, on a poll, to vote in his/her stead. The proxy need not be a member of the Company. The instrument appointing a proxy must be deposited at the office of the Company Secretary not less than 48 hours before the time appointed for holding the meeting.

By Order of the Board

Download the full notice and agenda of the meeting below:

Notice and Agenda of the Extraordinary General Meeting

The market and shareholders are advised of the following new
developments relating to the Company.

PRICE PARTICIPATION SETTLEMENT AGREEMENT
WITH KONKOLA COPPER MINES PLC

ZCCM Investment Holdings Plc (“ZCCM-IH“) and Konkola Copper Mines (“KCM“) announce that they have entered into an agreement (the “Settlement Agreement“) pursuant to which certain outstanding payments owed by KCM to ZCCM-IH and certain other contingent amounts payable, in each case, under existing price participation arrangements (the “Price Participation Agreements“) which date back to March 2000 have been settled on the terms summarised below

Concurrently with the entry into the Settlement Agreement on 11 February 2013, the Price Participation Agreements dated 31 March 2000 were terminated.

The Price Participation Agreements were put in place at the time of the privatisation of Zambia’s copper mining industry as part of the consideration and were designed to allow ZCCM-IH to benefit from an increase in the price of copper over the long term.

Due to the complex mechanics for calculating the amount due and payable under the Price Participation Agreements and the contingent nature of payments likely to arise in the remaining life of the Price Participation Agreements, the parties have worked to put in place a new agreement with an unconditional and clear payment plan.

Under the Settlement Agreement, US$46,324,655 is required to be paid by KCM (via installments) to ZCCM-IH on or before 31 August 2013, and a further US$73,420,000 (via installments) on or before 30 September 2016.

The total amount payable under the Settlement Agreement remains broadly unchanged (in dollar amount terms) from the amounts that were due and would likely have become payable under the Price Participation Agreements over time. However, ZCCM-IH considers the increased certainty of the payment obligations as additional cash-flow benefits that will assist ZCCM-IH in its day-to-day business operations and future investment plans.

Contact

For further information, please contact:
Mr. Chabby Chabala,
Company Secretary
Telephone: + 260 211 221023 / 220540
Email: cchabala@zccm-ih.com.zm

08 April 2013

Lusaka – Zambia

Ms Mutale Chanda is the new Chief Operating Officer of ZCCM-IH Plc. Ms Chanda’s career started at Barclays Bank Zambia Limited where she worked to the position of Priority Banking Manager before leaving for the United Kingdom to pursue her studies. Whilst in the United Kingdom she obtained a Bachelor of Financial Services Degree and an MBA. After completing her studies, Ms Chanda worked in various organizations as a Financial Accountant before becoming Assistant Financial Controller for Associated Spring, a UK based subsidiary company of Barnes – a NYSE listed company. Before coming back to Zambia Ms Chanda worked as Head of Financial Accounts for the NHS.

Mr Joseph Lungu is the new Investor Relations Officer. He has a BEng in Mechanical Engineering from Manchester University and while in the UK he worked in various roles for News Corporation Plc, Royal Mail, Virgin Media Plc and Sage Plc  in Customer Services and Finance. Before joining ZCCM-IH Plc he worked as an Investment Advisor and Securities Trader at Intermarket Securities Ltd.

By Management

ZCCM Investments Holdings