Renewal of Cautionary Announcement ZCI Limited (Bermudian registration number 661:1969) JSE share code: ZCI ISIN: BMG9887P1068 Euronext share code: BMG9887P1068 ("ZCI" or the “Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the previous cautionary announcements released by ZCI in connection with the liquidation of each of Messina Copper (Botswana) Proprietary Limited (in Liquidation) (“Messina””) and African Copper plc (in Liquidation) (“ACU”). Capitalised terms defined in previous announcements have the same meaning when used herein. Shareholders are reminded that on or about 24 January 2018 all suspensive conditions to the Transaction were satisfied and the related proceeds were received by the Company. Shareholders are advised that the liquidation of Messina and the voluntary liquidation of ACU remain in progress. As at the date of this announcement, the board of directors of ZCI cannot reliably estimate the extent of any further potential proceeds arising as a result of ACU’s voluntary liquidation proceedings. The Company will provide updates to stakeholders as and when further information has been made available. As a result of the events explained above, the board of directors of ZCI is not able to provide a date on which the suspension of trading, in securities of ZCI, is expected to be lifted as is required in terms of Section 1.10(c) of the JSE Limited Listings Requirements. Bermuda 14 March 2018 Sponsor: Bridge Capital Advisors Proprietary Limited Date: 14/03/2018 03:15:00 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.
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