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ZCCM Investments Holdings Plc’s majority shareholder, the Industrial Development Corporation Ltd (IDC) has appointed the Company’s new Board Chairperson Ms. Dolika E. S. Banda and three other Board Directors, namely Mr. Gregory C. Kabwe, currently serving as Director — Investment and Debt Management under the Ministry of Finance and National Planning; Mr. Moses S. Nyirenda, the Director – Human Resource and
Administration at the Ministry of Mines and Minerals Development; and Bishop John H.
Mambo who has served in various capacities in the private and public sectors.

Ms. Dolika Banda an investment and financial expert is the first female Board
Chairperson to head ZCCM-IH, with a wealth of over 36 years of experience from
various local and international organisations across the globe.

Commenting on her appointment, Ms. Banda says she is honoured to be awarded an
opportunity to serve the country through this position. “! do not underestimate the
challenges that lie ahead – yet therein lies the opportunity. Working together for a
common goal, as | know we will do, | see a ZCCM-IH that will fly high, just as the eagle
on our flag soars against all odds” she adds.

Ms. Banda further states that her aspiration for ZCCM-IH is “to see a ZCCM-IH Group
that claims and earns its rightful status as the engine and driver of a new,
transformational, solutions-driven and inclusive economy – underpinned by awareness
of the global issues of today and good governance”. She underscores that success
will be that the intrinsic value of the ZCCM-IH Group will be reflected in its relevance,
healthy relationships with its strategic partners and ultimately, in its global market

Ms. Banda has assured ZCCM-IH shareholders that she will endeavour to lead the
Board such that the decisions will always be in the best interest of the Company. She
further states that despite the many challenges faced by the Company in the past
“there is now a wave of a positive confluence of key influencing factors such as
political goodwill, coupled with international confidence, shareholder optimism and
patience, and positive demographic dynamics” to spur the Company to growth.

ZCCM-IH now has a fully constituted eight member Board including Directors
representing NAPSA, the minority shareholders and the IDC.

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