Further to the First Cautionary announcement dated 3 December 2014 and in compliance with the Listing Rules of the Lusaka Stock Exchange (“LuSE”), Zambeef, the fully integrated agribusiness with operations in Zambia, Nigeria and Ghana, announced that it was in preliminary discussions with a third party regarding the potential full disposal of Zamanita Limited (the “Transaction”), the Group’s wholly owned subsidiary and one of the largest edible oil and soya meal producers in Zambia, which, if successfully concluded, could have a material effect on the price of the Company’s securities.

The market and shareholders are advised that Zambeef is still in discussions with the third party aimed at agreeing the full disposal of Zamanita. Completion of the Transaction, which is likely to constitute a Category 1 transaction under the section 9 of the LuSE listing rules, remains subject to inter alia, due diligence and certain conditions precedent and there can be no certainty that any binding offer for Zamanita will ultimately be made, nor as to the final terms of any such offer should one be forthcoming.

Accordingly, shareholders are still advised to exercise caution when dealing in the Company’s securities until a full announcement is made.

2 January 2015

Issued by:

First Issued on 3rd December 2014

• Share on Facebook.
• Share on Twitter.
• Share on Google+
• Share on LinkedIn