ZCCM-IH-Change in the Office of the CEO

SENS ANNOUNCEMENT

(the "Notice" or "Announcement")

ZCCM INVESTMENTS HOLDINGS PLC ("ZCCM-IH")

[Incorporated in the Republic of Zambia]

Company registration number: 119540000771

Share Code: ZCCM-IH

ISIN: ZM0000000037

Authorised by: Chabby Chabala - Company Secretary

Stockbrokers Zambia Limited

[Founder Member of the Lusaka Securities Exchange]

[Regulated and licensed by the Securities and Exchange Commission of Zambia]

Contact Number: +260-211-232456

Website: www.sbz.com.zm

The captioned Notice or Announcement has been approved by:

i. the Lusaka Securities Exchange ("LuSE")

ii. the Securities and Exchange Commission ("SEC")

iii. Stockbrokers Zambia Limited ("SBZ")

The Notice or Announcement contained herein contains information that may be of a price sensitive nature.

ISSUED: 1 FEBRUARY 2019

ZCCM INVESTMENTS HOLDINGS PLC

 [Incorporated in the Republic of Zambia]

Company registration number: 771

Share Code: ZCCM-IH

ISIN: ZM0000000037

["ZCCM-IH" or "the Company"]

In compliance with the Securities Act No. 41 of 2016 and the Listing Rules of the Lusaka Securities Exchange (LuSE), the Board of ZCCM Investments Holdings Plc hereby announces the separation and retirement of Dr Pius C Kasolo as Chief Executive Officer and Executive Director respectively, of the Company with effect from 1st February 2019.

The Board would like to take this opportunity to thank Dr Kasolo for his valuable contribution to the Company during his tenure of office and wishes him success in his future endeavours.

The Board further announces the appointment of Mr Mabvuto Chipata, the Chief Investments Officer, as Acting Chief Executive Officer from 1st February 2019 and looks forward to his contribution towards the realisation of ZCCM-IH's strategic objectives.

By Order of the Board

C Chabala

Company Secretary

Issued in Lusaka, Zambia on Friday, 1 February 2019