Zambeef (AIM: ZAM), the fully integrated food producer with operations in Zambia, Nigeria and Ghana, announces that Adam Fleming has retired as a Non-Executive Director of the Group and will step down from the Board of Directors with immediate effect. Adam joined the Board on 26 February 2004.

The Group is pleased to announce that Graham John Clark will replace Adam as a Non-Executive Director, subject to confirmation at the next Annual General Meeting.

Graham has over 30 years’ experience at senior levels with major food and agriculture companies across sub-Saharan Africa, including directorships of listed companies, and is a Fellow of the Institute of Chartered Accountants in Australia.

Adam Fleming commented: “I have greatly enjoyed my time on the Board of Zambeef. The business has grown tremendously in the period, including the expansion of its footprint across Sub-Saharan Africa and a successful listing on AIM. I am delighted that somebody with Graham’s considerable experience is joining the Board at this very exciting time in the Group’s development. I will continue to remain a supportive shareholder of Zambeef.”

Zambeef Chairman, Dr Jacob Mwanza, commented: “Adam’s expertise, knowledge and business experience has been greatly appreciated over his 12 years on the Board. We are very grateful to him for his significant contribution to Zambeef’s growth and expansion in the period, and we wish him well for the future. I also take this opportunity to welcome Graham Clark to the Board of Zambeef. I believe that his extensive and highly relevant experience will be of significant value to Zambeef.”

For further information, please contact:

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies:

Graham John Clark (aged 60)

There is no other information that is required to be disclosed pursuant paragraph (g) of Schedule Two to the AIM Rules for Companies.

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