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ZCI - ZCI Limited - Working capital facility between ZCI and African

Release Date: 06/01/2012 09:00
Code(s): ZCI
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ZCI - ZCI Limited - Working capital facility between ZCI and African Copper Plc ("ACU") ZCI Limited (Bermudian registration number 661:1969 (South African registration number 1970/000023/10) JSE share code: ZCI ISIN: BMG9887P1068 Euronext share code: BMG9887P1068 ("ZCI" or "the Company") WORKING CAPITAL FACILITY BETWEEN ZCI AND AFRICAN COPPER PLC ("ACU") ZCI is pleased to announce that it has entered into an additional loan facility agreement with ACU. The purpose of the new loan is to provide ACU with further working capital for its Mowana Mine facilities. The new USD2.0 million loan from ZCI is a secured loan facility with an interest rate of 9.0 per cent, repayable on 31 March 2013 (the "Facility"). Interest will be accrued annually and interest payments deferred until 31 March 2013. The terms and conditions of the Facility are on substantially similar terms to the previous term loans from ZCI and bring ACU`s total interest-bearing loans (including accrued interest) from ZCI to USD 64.9 million, excluding the existing convertible loan of a further USD8.4 million. Commenting, Jordan Soko, Acting Chief Executive of African Copper Plc, said, "The additional funds raised will provide the Company with the working capital to continue to improve production levels and highlights the continuing support of ZCI." For further information please visit www.africancopper.com Bermuda 6 January 2012 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 06/01/2012 09:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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