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Tue 3 Feb 2004, 14:15 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, 2 October 2003, 13 November 2003 and 23 December 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                                                                         
  3 February 2004                                                                 
  Sponsor                                                                         
  RAND MERCHANT BANK                                                              
  (A division of FirstRand Bank Limited)                                          
  CORPORATE FINANCE                                                               
  Date: 03/02/2004 02:08:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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