The market and shareholders are advised that Zambeef is engaged in advanced discussions about the possibility of a
transaction whereby the Company would make an acquisition that may have a material impact on the operations of the business. The market and shareholders will be advised on all further developments.

Accordingly, investors in Zambeef Products PLC are advised to exercise caution when trading in the Company’s shares and should seek the professional advice of a broker or investment advisor for guidance. Shareholders and the market will be kept fully informed of subsequent developments.

Dated: 17 December 2010

Issued By
Pangaea Renaissance Securities Limited
(Member of the Lusaka Stock Exchange)
(Regulated by the Securities and Exchange Commission)

First Issued on17 December 2010

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