Renewal of Existing Cautionary Announcement
June 26 2003 - 6:00PM
UK Regulatory
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 16 May 2003, shareholders
are advised that negotiations are still in progress between ZCI, the
Government of the Republic of Zambia, ZCCM Investments Holdings plc,
Konkola Copper Mines plc ("KCM") and Sterlite Industries Limited
("Sterlite"), the preferred bidder, on the terms of the proposed
investment by Sterlite into KCM.
Accordingly, ZCI shareholders are advised to continue exercising caution
when dealing in ZCI's securities until a full announcement is made.
Bermuda
27 June 2003