ZCI Zambia Copper

    Zambia Copper Investments Limited
(Registered in Bermuda)
ISIN: BMG988431240
("ZCI")

VEDANTA BECOMES A STRATEGIC EQUITY PARTNER IN KCM

The Board of Zambia Copper Investments Limited (ZCI) is pleased to announce
that terms have been reached for the introduction of Vedanta Resources plc
(Vedanta) as a strategic equity partner for Konkola Copper Mines plc (KCM).

Under the terms of the agreement Vedanta will subscribe for new KCM shares and
obtain a 51% interest in KCM.  In return, Vedanta will:

-    inject the subscription price of US$25 million as equity into KCM,
-    pay ZCI US$23.2 million as deferred consideration payable over 4 

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