ZCI LIMITED - Withdrawal of cautionary announcement

Withdrawal of cautionary announcement

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")

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released on
SENS on 28 February 2012, and the subsequent related cautionary
announcements, wherein shareholders were advised that the Company had
initiated a process intended to unlock value from its investment in
African Copper Plc ("ACU").

Shareholders are advised that the board of ZCI ("the Board") has
elected to suspend the aforementioned process in light of the effect
of adverse global market conditions on junior mining companies and
the general increased risk aversion among investors as a result of
economic uncertainty and volatility. ZCI has received a number of
proposals which the Board believes did not reflect the intrinsic
value of ACU and accordingly has chosen not to proceed with these at
this juncture.

The board is continuing to work towards realising the full value of
its investment in ACU.

Tom Kamwendo, CEO of ZCI, commented:
"ZCI remains committed to ACU and we are very encouraged with the
operational performance and turn-around strategy which has been
implemented by ACU over the last year. Whilst recent production has
exceeded our expectations, ACU continues to evaluate options to
enhance the output and life of its operations through increasing the
confidence in its resource base and the economic extraction thereof."

Accordingly, the cautionary announcements referred to above are
hereby withdrawn. As a result, ZCI shareholders are no longer
required to exercise caution when dealing in ZCI's securities.

7 March 2013
Bermuda

Contact persons:

ZCI Limited
Tom Kamwendo
+260 96 675 2371

Merchant bank
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Sponsor
Bridge Capital Advisors (Pty) Limited

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