ZCCM Investments Holdings PLC

Earnings Release • Oct 31, 2022

SENS ANNOUCEMENT

(the "Announcement") ISSUER

ZCCM INVESTMENT HOLDINGS PLC ("ZCCM-IH")

Incorporated in the Republic of Zambia Company registration number: 119540000771 Share Code: ZCCM-IH ISIN: ZM0000000037

BROKER

Pangaea Securities Limited [a member of the Lusaka Securities Exchange] Regulated and Licensed by the Securities and Exchange Commission Zambia Telephone Number: +260 211 220707 | Website: www.pangaea.co.zm

AUTHORISATION

Approval for this Announcement has been granted by:

• The Lusaka Securities Exchange ("LuSE")
• The Securities and Exchange Commission Zambia ("SEC")
• ZCCM-IH

DISCLAIMER AND RISK WARNING

The 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 ON: 28 October 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"]

TRADING STATEMENT

In accordance with Section 3.4(b) of the 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 Group and Company Unaudited Half Year Results for the period ended 30th June 2022 is expected to be approximately 270% lower and 481% higher respectively, than the Unaudited Half Year Results for the period ended 30th June 2021. The movement in EPS for the Group is primarily attributed to the losses recorded by the subsidiary Mopani Copper Mines PLC ("Mopani"), of ZMW2.1 billion (US\$121 million) in the period; as Mopani accounted for 97% of the Group's total revenue. While the movement in EPS for the Company is attributed to a 931% increase in revenue from ZMW121.2 million (US\$5.4 million) to ZMW1.25 billion (US\$72.9 million), resulting largely from a special dividend of ZMW770 million (US\$ 43.5 million) from one of the investee companies, Kansanshi Mining PLC.

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 the Unaudited Half Year Results for the Period Ended 30th June 2022 to be released on Securities Exchange News Services ("SENS") and published in the local press on or about 31 October 2022. 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

28 October 2022