Stmt.re Konkola Copper Mines

ZCCM Invs.Hldgs PLC
25 January 2002


Following the announcement by Konkola Copper Mines Plc (KCM) on its current
operations, ZCCM Investments Holdings Plc advises that caution should be
exercised in dealings with its shares.


                             Konkola Copper Mines plc
                                 PRESS RELEASE

Following the review by Zambia Copper Investments Limited (KCI) of Konkola
Copper Mines' (KCM) Life of Mine Scenarios developed by KCM at the request of
its Board, KCM has received advice from ZCI, its major Shareholder, that it
would not be in a position to provide funding to the Company beyond its
obligations under the Subscription and Shareholders loan Agreement (SSLA).

KCM states as follows:-

•  KCM'S financial projections based on current Copper and Cobalt prices
   indicate that the company will require funding, over and above that currently
   pledged under the SSLA, from around April 2002, in order to sustain its
   operations.

•  A KCM Shareholders Steering Committee, which will include GRZ., has been 
   formed to study the impact of ZCI's decision and to explore all avenues and 
   options available to KCM.

•  KCM wishes to inform the general public, its suppliers, its employees and
   other stakeholders that KCM will be making every endeavour, in the meanwhile,
   to continue its operations with minimum disruption.

Issued by the Public Relations Department 
Konkola Copper Mines plc


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