Zambeef Products plc

("Zambeef" or the "Group")

Result of AGM and Appointment of External Auditor

Zambeef (AIM: ZAM), the fully integrated cold chain foods and retail business with operations in Zambia, Nigeria and Ghana, today announces that at the Annual General Meeting held on 21 December 2021 in Lusaka, all resolutions put to shareholders were duly passed.

Furthermore, the Board and the Company's shareholders approved the appointment of Messer's PricewaterhouseCoopers as the Company's external auditors with effect from 21 December 2021.

PricewaterhouseCoopers is one of the largest established professional services firms in Zambia. Their practice has a consistent record of providing high-quality professional audits, quality assurance, advisory, and tax. PricewaterhouseCoopers ranks as the second-largest professional services network internationally. The Board is confident that PricewaterhouseCoopers's experience, will contribute effectively and immeasurably to the Company.

The Board wishes to extend its appreciation and gratitude to Grant Thornton for its services rendered to the Company throughout its tenure.

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