ZCI LIMITED - Loan Facility between ZCI and the Copperbelt Development Foundation

Loan Facility between ZCI and the Copperbelt Development Foundation

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" or “the Group”)

LOAN FACILITY BETWEEN ZCI AND THE COPPERBELT DEVELOPMENT FOUNDATION

Shareholders are referred to the announcements released by ZCI on 2 March 2016, 20
January 2016, 17 December 2015, 18 November 2015, and the cautionary announcement
released by the Company on 9 October 2015 in relation to the funding requirements of the
Group. Shareholders are further referred to the cautionary announcement and update to
shareholders of the Company released by ZCI on 30 May 2016 wherein Shareholders were
advised that the winding-up of Messina Copper (Botswana) Pty Ltd (“Messina”), the operating
subsidiary of ZCI’s subsidiary, African Copper Plc (“ACU”) remains in progress.

In order to ensure sufficient working capital ZCI has obtained a loan facility from its majority
shareholder, the Copperbelt Development Foundation (the “CDF”), of USD 1 million. The new
USD 1 million loan to ZCI from the CDF is an unsecured loan facility with a simple interest
rate of 9 percent. Repayment of this new loan facility is due upon ZCI receiving a distribution
from its subsidiaries in an aggregate amount exceeding USD 10,000,000, with a distribution
defined as every type of dividend, transfer, transaction or payment including a distribution of
assets to ZCI on a winding up or arising out of a restructuring of its subsidiaries. ZCI currently
has interest bearing loan facilities outstanding (including accrued interest) to the CDF of
US$7.5 million.

10 June 2016
Bermuda
Sponsor: Bridge Capital Advisors Proprietary Limited

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