In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of the Company wishes to advise the Shareholders ofthe Company that the Earnings Per Share (“EPS”) for the year ended 31 March 2017 is expected to be approximately 125% higher than that for the year ended 31 March 2016.

The increase in earnings is mainly attributed to the improved performance of the mining sector resulting from the increased global copper prices coupled with increased production.

Shareholders are advised that the information contained in this Trading Statement has not been reviewed nor reported on by the external auditors of the Company.

The Company expects its results for the year ended 31 March 2017 to be released on SENS and published in the local press on or about 1 June 2018. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s Securities until publication of the results.

By Order of the Board
Chabby Chabala
Company Secretary
Issued in Lusaka, Zambia on Thursday, 24th May 2018

Lusaka Securities Exchange Sponsoring Broker
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First Issued Thursday, 24th May 2018