ZCI LIMITED - Appointment of chairman and chief executive officer

Appointment of chairman and chief executive officer

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")

AFRICAN COPPER PLC – APPOINTMENT OF CHAIRMAN AND CHIEF EXECUTIVE OFFICER

Shareholders are advised that African Copper Plc ("ACU"), the Company’s subsidiary, has appointed Mr.
Boikobo Paya, currently a Non-executive Director of ACU, as Non-executive Chairman of ACU in
succession to Mr. Roy Corrans who retired from the board of ACU with effect from 30 September 2015.

Mr. Paya, a Botswana national, was the Permanent Secretary in the Botswana Ministry of Minerals,
Energy and Water Resources from October 2010 to August 2014. Mr Paya was the Deputy Permanent
Secretary in the same ministry, responsible for the water and energy sectors, a post he held from October
2008. Mr Paya's prior experience in government positions included Project Manager, Mmamabula
Coordinating Unit, under the Ministry of Minerals, Energy and Water Resources and Director of the
Department of Water Affairs, which included responsibility for two major wetlands: the Okavango Delta
and the Kwando-Linyanti Delta. Mr. Paya holds a BSc and an MPhil in geology and has extensive
research experience.

Shareholders are further advised of the appointment of Mr Thomas Kamwendo as Chief Executive Officer
of ACU with immediate effect. Mr Kamwendo was previously appointed as a Non-Executive Director of
ACU on 3 September 2015. Mr Kamwendo has been Chief Executive Officer of the ZCI since 1
November 2011 and is also a member of the board of the Copperbelt Development Foundation, the
ultimate controlling shareholder of ZCI.

Commenting on the retirement of Mr. Corrans, the appointment of Mr. Paya and the appointment of Mr.
Kamwendo, the Chairman of ZCI, Prof Stephen Simukanga said, "On behalf of the ZCI Board, I would like
to thank Roy Corrans for his work and dedication over his many years with ACU and we wish him a long
and happy retirement. I also take this opportunity to congratulate Mr. Paya and Mr. Kamwendo in
anticipation of the valuable contribution they will make to the ACU Board in their respective roles as
Chairman and CEO.”

Bermuda
23 October 2015
Sponsor: Bridge Capital Advisors (Pty) Limited

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