Zambia Copper Investments
Limited
(Registered in Bermuda)
("ZCI")
ISIN: BMG988431240
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements released over the period 16 May 2003
to 11 June 2004, 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 Vedanta Resources plc
("Vedanta"), the preferred bidder, regarding the terms of the proposed
investment by Vedanta into KCM.
Accordingly, ZCI shareholders are advised to continue exercising caution when
dealing in ZCI's shares until a detailed announcement is made.
Bermuda
23 July 2004