Renewal of Cautionary Ancmt

ZCCM Invs.Hldgs PLC
5 September 2003


                        ZCCM Investments Holdings plc 
                   Incorporated in the Republic of Zambia 
                           (Registered number 771) 
                               Share code: ZCCM 
                                 ('ZCCM-IH')

               RENEWAL OF EXISTING CAUTIONARY ANNOUNCEMENT -
               PREFERRED BIDDER FOR KONKOLA COPPER MINES PLC

Further to the cautionary announcements dated 16 May, 18 June and 11 July 2003,
ZCCM-IH shareholders are advised that negotiations are still in progress between
ZCCM-IH, the Government of the Republic of Zambia ('GRZ'), Zambia Copper
Investments Limited, 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, ZCCM-IH shareholders are advised to continue exercising caution 
when dealing in ZCCM-IH'S securities until a full announcement is made.

Lusaka 
5 September 2003

Financial Advisor to ZCCM-IH and GRZ     Sponsoring Broker to ZCCM-IH

Standard Bank London Limited             Cavmont Securities Limited
Authorised and regulated in the          (Registration number 30472)
United Kingdom by the Financial          (A member of the Lusaka Stock Exchange)
Services Authority                       (Regulated in Zambia by the Securities 
(Registration number 2130447)            Exchange Commission of Zambia)
 
First issued 16 May 2003

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