LUSAKA, ZAMBIA – One of Zambia’s most enduring and successful business partnerships was reaffirmed this week with the announcement that the founders of Zambeef Products will once again become joint heads of the company.

Carl Irwin will join Francis Grogan as joint Chief Executive Officer of the agribusiness giant with immediate effect, according to an announcement released today to the London and Lusaka Stock Exchanges.

“We look forward to working together to continue driving the business forward over the coming years,” said the two directors.

Mr Grogan will continue to be responsible for the operational aspects of the business, while Mr Irwin will oversee the finance and administration aspects of the group.

The two were joint managing directors of the company from its inception 20 years ago until December 2008, when Mr Irwin moved to the position of Director of Strategy and Development.

“I am confident that Mr Irwin will further strengthen our senior management team and together with Mr Grogan will help drive the group to new heights in the coming years,” said Zambeef chairman Dr Jacob Mwanza.

About Zambeef Products Plc

Zambeef Products Plc is the largest integrated agribusinesses in Zambia.

The group is principally involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, eggs, edible oils, stock feed and flour. The group also has large row cropping operations (principally maize, soya beans and wheat), with approximately 8,350 hectares of row crops under irrigation and 17,000 hectares of rain-fed/dry-land crops available for planting each year. The group is also in the process of rolling out its West Africa expansion in Nigeria and Ghana, as well as developing a palm project in Zambia.

It slaughters more than 80,000 beef cattle and 6 million chickens, and processes 8 million litres of milk per year. The company has 122 retail outlets throughout the country, along with three wholesale depots.

More information is available at www.zambeefplc.com