ZCI - - PREFERRED BIDDER FOR KONKOLA COPPER MINES PLC
Zambia Copper Investments Limited
(Registered in Bermuda)
("ZCI")
JSE code: ZCI
ISIN: BMG988431240
CAUTIONARY ANNOUNCEMENT - PREFERRED BIDDER FOR KONKOLA COPPER MINES PLC
The shareholders of Konkola Copper Mines plc ("KCM") are currently seeking to
introduce a strategic equity partner into KCM. ZCI has a 58% interest in KCM.
Following a competitive bidding process, various bids have been received and
evaluated and Sterlite Industries Limited has been awarded preferred bidder
status. As a result ZCI, the Government of the Republic of Zambia, ZCCM
Investments Holdings plc and KCM will now enter into detailed negotiations with
Sterlite Industries Limited on the terms of the proposed investment.
Accordingly, ZCI shareholders are advised to exercise caution when dealing in
ZCI"s securities until a full announcement is made.
Bermuda
16 May 2003
Sponsor
Rand Merchant Bank
A division of FirstRand Bank Limited
Corporate Finance
Date: 16/05/2003 11:22:23 AM Supplied by www.sharenet.co.za
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