Zambeef Plc | Notice of 16th Annual General Meeting

December 22nd, 2010

Notice is hereby given that the 16th Annual General Meeting of Zambeef Products PLC will take place at the Taj Pamodzi Hotel, along Addis Ababa Drive, Lusaka, on Tuesday January 25, 2011 at 10:00 hours.

AGENDA

  1. To read the Notice of the Meeting and confirm that a quorum is present.
  2. To read and confirm the minutes of the 15th Annual General Meeting held on January 7, 2010.
  3. Consider any matters arising from the minutes.
  4. To receive the report of the Directors, the Auditors report and the Financial Statements for the year ended September 30, 2010. (Resolution 1)
  5. To re-appoint Grant Thornton as Auditors for 2010/11 and authorise the Directors to fix their remuneration. (Resolution 2)
  6. To confirm the appointment of Mr. Sushmit N. Maitra as Finance Director (Resolution 3)
  7. In terms of the articles, Adam Fleming and Hilary Duckworth retire but are eligible to offer themselves for re-election. (Resolution 4)
  8. To approve the allocation of 1,500,000 (one million five hundred thousand) new ordinary shares for Senior Management Share Option Plan III. (Resolution 5)
  9. To authorise the Board of Directors to issue new shares for any acquisition up to a maximum of 10% of issued share capital of the company without Shareholder approval. (Resolution 6)
  10. To approve the registration of all new ordinary shares issued with the Securities and Exchange Commission and to have these new issued ordinary shares listed on the Lusaka Stock Exchange ranking pari-passu with existing issued ordinary shares. (Resolution 7)
  11. To approve the recommendation of the board to pay a final dividend for the year ended September 30, 2010 of K49.88 per share. (Resolution 8)
  12. Consider any competent business of which due notice has been given.

By order of the Board, D Museteka, Company Secretary

Note:

A Member is entitled to appoint one or more proxies to attend, speak and vote in his or her stead. A proxy need not be a member of the company. Proxies must be lodged at the registered office of the company at least 48 hours before the time fixed for the meeting.