Holding(s) in Company

Zambeef Products Plc

("Zambeef" or the "Company")

Holding(s) in Company

Zambeef, the fully integrated agri-business with operations in Zambia, Nigeria and Ghana, was today informed that, following a purchase of ordinary shares in the Company ("Ordinary Shares") by Templeton Asset Management Ltd ("Templeton") on 4 December 2013, Templeton is now interested in 12,670,261 Ordinary Shares, representing approximately 5.11 per cent. of the issued share capital of the Company.

-Ends-

For further Information, please contact:

Zambeef Products plc Tel: +260 (0) 211 369003

Francis Grogan, Chief Executive Officer

Strand Hanson Limited Tel: +44 (0) 20 7409 3494

James Spinney

Panmure Gordon Tel: +44 (0) 20 7886 2500

Callum Stewart

Ben Roberts

Buchanan Tel: +44 (0) 20 7466 5000

Mark Edwards

Sophie McNulty

www.buchanan.uk.com