SENS ANNOUNCEMENT

(the "Notice" or "Announcement")

ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")

[Incorporated in the Republic of Zambia]

Company registration number:        119540000771

Share Code:                                           ZCCM-IH

ISIN:                                                       ZM0000000037

Authorised by:                                     Charles Mjumphi - Company Secretary

Stockbrokers Zambia Limited

[Founder Member of the Lusaka Securities Exchange]

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

Contact Person:                                    Victoria Kawonga

Contact email:                                     [email protected]

Contact Number:                                 +260 970508694

Website:                                                www.sbz.com.zm

The captioned Announcement has been approved by:

i.      the Lusaka Securities Exchange ("LuSE")

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

iii.   ZCCM Investment Holdings Plc ("ZCCM-IH")

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

ISSUED: 05 September 2024

ZCCM INVESTMENTS HOLDINGS PLC

[Incorporated in the Republic of Zambia]

Company registration number: 119540000771

Share Code: ZCCM-IH

ISIN: ZM0000000037

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

Shareholders are referred to the announcement dated 10^th July 2024 wherein the Board of ZCCM Investments Holding Plc ("ZCCM-IH" or the "Company") informed shareholders and the market that Maamba Energy Limited ("MEL"), formerly Maamba Collieries Limited, had reached an agreement with anchor lenders regarding the financing for the construction and installation of an additional 300-Megawatt power plant at MEL ("the Project"). It was further indicated that the total estimated cost of the Project is USD 400 million, of which approximately USD 300 million will be financed by a consortium of lenders. ZCCM-IH will contribute USD 15 million towards the debt portion in form of a loan that will have a tenor of 10.25 years from construction start inclusive of a moratorium of 3.25 years. The interest rate will be nine per cent per annum.

Furthermore, USD 100 million will be provided in the form of equity by the Shareholders; Nava Bharat Singapore Pte Limited ("NBS") and ZCCM-IH in proportion to their respective shareholding in MEL of 65 per cent and 35 per cent respectively. This means that NBS will contribute USD 65 million and ZCCM-IH will contribute USD 35 million.

The Board wishes to confirm that the terms extended to ZCCM-IH in this financing arrangement are similar to those offered to independent lenders in the consortium thereby ensuring fairness and transparency. Accordingly, the loan terms are established on an arm's- length basis.

The Board of ZCCM-IH will update the market on the progress of the development and construction process in due course.

By Order of the Board

Charles Mjumphi

Company Secretary

Issued in Lusaka, Zambia on 5 September 2024