ZCI Zambia Copper

RNS Number:0609B
Zambia Copper Investments Ld
11 September 2002



Zambia Copper Investments Limited 
(Registered in Bermuda) 
("ZCI")

Results of Special General Meeting, changes to the board and  
new company secretary

At the Special General Meeting of ZCI shareholders, held on 10 September 2002  
in Luxembourg, the ordinary resolution to approve the restructuring of Konkola 
Copper Mines PLC, was passed with the requisite majority. All conditions 
precedent to proceed with the restructuring and related arrangements have now 
been met and consequently, the restructuring as detailed in the circular to ZCI 
shareholders, dated 23 August 2002 ("the circular"), will now proceed.

As described in the circular,  ZCI will issue a total of 3,637,462 new ordinary 
Shares of BD$0.24 each on 16 September 2002. Accordingly, approval has been 
obtained for these shares to be listed on the JSE Securities Exchange South
Africa. Application has been made to the UK Listing Authority for these shares 
to be admitted to the Official List and to the London Stock Exchange for the
shares to be admitted to trading. Application has also been made to Euronext  
Paris to list the shares. The Shares will rank pari passu with the existing  
issued shares of the Company. Dealings in the newly issued shares are expected
to commence on 16 September 2002.

ZCI shareholders also approved the resolutions to amend the Bye-Laws of ZCI and 
to appoint new directors to the board of ZCI, namely J Mills, R G Mills and 
S Georgala. As notified in the circular,  the following non-executive directors 
will resign on 16 September 2002:

S R Thompson (Chairman) 
P M Baum 
G B R Collis 
H R Fraser 
M J Gordon 
N Jordan 
A W Lea 
J Macdonald (Alternate) 
W A Nairn

Therefore, with effect from 17 September 2002, the directors of ZCI will be:

C J Colebank (non-executive)  
S Georgala (non-executive) 
J Mills (non-executive)
R G Mills (executive)

As advised in the circular, when available, three members of the Copperbelt 
Development Foundation will be appointed as directors of ZCI and C J Colebank 
and J Mills will resign.  A further announcement in this regard will be made in  
due course.

Finally,  D A L Bennett will cease to be ZCI's company secretary with effect  
from 30 September 2002  and will be succeeded by J Mills, whose address
is 6 Rue Adolphe Fischer, L-1520 Luxembourg.

Luxembourg  
11 September 2002.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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