ZCCM Investments Holdings PLC

Board/Management Information • Jul 28, 2022

National Storage Mechanism | Additional information

RNS Number : 1431U

ZCCM Invs.Hldgs PLC

28 July 2022

SENS ANNOUNCEMENT

(the "Notice" or "Announcement")

ISSUER

ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")

[Incorporated in the Republic of Zambia]

Company registration number: 119540000771

Share Code:                                           ZCCM-IH

ISIN:                                                       ZM0000000037

Authorised by:                                     Chabby Chabala - Company Secretary

SPONSOR

Stockbrokers Zambia Limited

[Founder Member of the Lusaka Securities Exchange]

[Regulated and licensed by the Securities and Exchange Commission of Zambia]

Contact Number:                 +260-211-232456

Website:                                                www.sbz.com.zm

APPROVAL

The captioned Notice or Announcement has been approved by:

i.      the Lusaka Securities Exchange ("LuSE")

ii.    the Securities and Exchange Commission ("SEC")

iii.   Stockbrokers Zambia Limited ("SBZ")

RISK WARNING

The Notice or Announcement contained herein contains information that may be of a price-sensitive nature.

Investors are advised to seek the advice of their investment advisor, stockbroker, or any professional duly licensed by the Securities and Exchange Commission of Zambia to provide securities advice.

ISSUED: 28 July 2022

ZCCM INVESTMENTS HOLDINGS PLC

[Incorporated in the Republic of Zambia]

Company registration number: 771

Share Code: ZCCM-IH

ISIN: ZM0000000037

["ZCCM-IH" or "the Company"]

TRANSACTION ANNOUNCEMENT

The Board wishes to inform the shareholders and the market that ZCCM Investments Holdings Plc ("ZCCM-IH" or "the Company"), has agreed to provide  a Corporate Guarantee to Indo Zambia Bank ("INDO") for the amount of USD 15 million (the "Transaction").

In line with the requirements of Section 9 and 10 of the Lusaka Securities Exchange ("LuSE") Listings Requirements, the key features of the Transaction are as follows:

Particulars of the Transaction	The provision of USD15 million Corporate Guarantees to INDO by ZCCM-IH for the provision of a Letter of Credit and Overdraft facility to Mopani Copper Mines Plc ("MCM").
Guaranteed Amount	USD 15 Million
Other significant terms of the Transaction	Provision of USD 15 million Corporate Guarantee to INDO comprising: ·    USD10 Million Letter of Credit; and ·    USD5 Million Overdraft Facility.
Effective Date	12 July 2022
Rationale for the Transaction	The support of ZCCM-IH to the operations of MCM is critical at this juncture. MCM needs working capital urgently in order to address the following issues: ·    Purchase of third-party concentrates; and ·    Recurring working capital needs.

Shareholders are advised that the fairness opinion from an independent financial advisor on the terms and conditions of the facility will be made available for inspection once completed.

By Order of the Board

Chabby Chabala

COMPANY SECRETARY

Issued in Lusaka, Zambia on Thursday, 28 July 2022

	T     |    +260-211-232456 E     |     [email protected] 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 28 July 2022

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