Revised Trading Update 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") REVISED TRADING UPDATE In terms of paragraph 3.4 (b) of the JSE Limiteds Listings Requirements, the Board of ZCI previously announced that the Groups results for the year ended 31 March 2012, were expecting a loss per share of between 61 and 67 US cents per share as compared to the loss per share of 8.47 US cents per share for the comparative period, and a headline loss per share between 17 and 19 US cents, as compared to a headline loss of 9.31 US cents per share for the comparative period. Shareholders are further updated that ZCI is expecting a loss per share of between 49 and 54 US cents per share compared to the the loss per share of 8.47 US cents per share for the comparative period, and a headline loss per share between 12 and 16 US cents, compared to a headline loss of 9.31 US cents per share for the comparative period. The financial information on which this trading update is based has not been reviewed by the Company's auditors. The Companys year-end results for the year ended 31 March 2012 will be released on SENS on or about 31 July 2012. Johannesburg 31 July 2012 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 31/07/2012 05:43:00 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.