Notice of change in directorate

March 1st, 2021

In accordance with Section 3.59 of the Lusaka Securities Exchange Listings Rules (“LuSE Listings Rules”) Zambeef Products Plc (“Zambeef” or “the Company”) announces the resignation of Mr. David Osborne effective 28 February 2021.

Zambeef Products Plc (“Zambeef” or “the Company”) (AIM: ZAM) announces that Mr. David Osborne will be stepping down as a director of the Company, effective 28 February, 2021, as a result of his retirement from CDC Group PLC (“CDC”) at the end of this month.

Mr. Osborne has served on the Zambeef Board since CDC’s investment into the Company, as approved by Shareholders in September 2016, and has made immeasurable contributions to the Company in his time. CDC intends to appoint a replacement for Mr. Osborne to the Zambeef Board shortly. Further updates will be made as and when appropriate.

On behalf of the Board, the Chairman wishes David well in his retirement and thanks him for his long-standing contribution to the Company.

By Order of the Board

Mwansa M Mutimushi

Lusaka, Zambia 26 FEBRUARY 2021