Last checked at 11 May 2011 13:52
ZCCM INVESTMENTS HOLDINGS PLC
[Incorporated in the Republic of Zambia]
Company registration number: 771
Share Code: ZCCM -IH
ISIN: ZM0000000037
["ZCCM - IH " ]
CAUTIONARY ANNOUNCEMENT
Shareholders of ZCCM Investments Holdings Plc ("ZCCM-IH") are advised that there are circumstances and developments relating to some companies where ZCCM-IH Plc has a shareholding, the full impact of which are currently being determined and which may have a material effect on the price of the company's securities.
The developments relate to the following:-
Offer by Barrick Gold Corporation:
·; Barrick Gold Corporation of Canada has offered to purchase all outstanding common shares of Equinox Minerals Limited ("Equinox") by way of a negotiated take-over bid as detailed in the announcement posted on the Equinox website [http://www.equinoxminerals.com]. Equinox currently owns 100% shares in Lumwana Mining Company Limited which operates in Zambia.
Offer by Vale Limited:
·; Vale Limited has issued an announcement of a firm intention to acquire the entire issued and to be issued ordinary share capital of Metorex Limited ("Metorex") as detailed in the announcement posted on the Metorex Limited website [http://www.metorexgroup.com]. Metorex owns 85% shares in Chibuluma Mines Plc which operates in Zambia.
Investors and the general public are hereby informed that ZCCM-IH has a circa 2% shareholding in Equinox Minerals Limited and a 15% shareholding in Chibuluma Mines Plc.
Accordingly shareholders are advised to exercise caution when dealing in the company's securities until a full announcement is made.
Lusaka, Zambia - 06 May 2011
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Sponsoring Broker
STOCKBROKERS ZAMBIA LIMITED
[MEMBER OF THE LuSE and REGULATED BY THE SECURITIES AND EXCHANGE COMMISSION OF ZAMBIA]
FIRST ISSUED ON 06 May 2011