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Fri 11 Jun 2004, 12:32 Further Cautionary
Zambia Copper Investments Limited - Further Cautionary 

Release Date: 11/06/2004 12:10:01      Code(s): ZCI        
Zambia Copper Investments Limited - Further Cautionary                          
Zambia Copper Investments Limited                                               
(Registered in Bermuda)                                                         
JSE code: ZCI                                                                   
ISIN:     BMG988431240                                                          
(`ZCI`)                                                                         
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcements for the period 16 May 2003 to 26 April  
2004, 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 Vedanta Resources plc (`Vedanta`), the     
preferred bidder, on the terms of the proposed investment by Vedanta into KCM.  
Accordingly, ZCI shareholders are advised to continue exercising caution when   
dealing in ZCI`s securities until a detailed announcement is made.              
Bermuda                                                                         
11 June 2004                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
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