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Thu 13 Nov 2003, 9:46 FURTHER CAUTIONARY ANNOUNCEMENT
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, 27 June 2003,        
8 August 2003 and 2 October 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                                                                         
13 November 2003                                                                
Sponsor:                                                                        
RAND MERCHANT BANK                                                              
A division of FirstRand Bank Limited                                            
CORPORATE FINANCE                                                               
Date: 13/11/2003 09:00:02 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
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