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Fri 8 Aug 2003, 9:14 - FURTHER CAUTIONARY ANNOUNCEMENT
ZAKK                                                                            
ZAMBIA COPPER INVESTMENTS LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT             
Zambia Copper Investments Limited                                               
(Registered in Bermuda)                                                         
("ZCI")                                                                         
JSE code: ZCI                                                                   
ISIN: BMG988431240                                                              
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements dated 16 May 2003 and 27 June 2003,     
shareholders are advised that negotiations are still in progress between ZCI,   
the Government of the Republic of Zambia, ZCCM Investments Holdings plc, Konkola
Copper Mines plc ("KCM") and Sterlite Industries Limited ("Sterlite"), the      
preferred bidder, on the terms of the proposed investment by Sterlite into KCM. 
Accordingly, ZCI shareholders are advised to continue exercising caution when   
dealing in ZCI"s securities until a detailed announcement is made.              
Bermuda                                                                         
8 August 2003                                                                   
Sponsor                                                                         
RAND MERCHANT BANK                                                              
A division of FirstRand Bank Limited                                            
CORPORATE FINANCE                                                               
Date: 08/08/2003 09:01:02 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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