Holding(s) in Company

ZCCM Invs.Hldgs PLC
19 August 2002

/s


                                    PRESS RELEASE


                  ZCCM INVESTMENTS HOLDINGS TO OWN 42% OF KCM

                            FOLLOWING RESTRUCTURING


The Board of ZCCM Investments Holdings plc ('the Company') is pleased to
announce that agreement has been reached with the Government of the Republic of
Zambia ('GRZ'), Anglo American plc ('Anglo American'), and other stakeholders,
as a result of which Konkola Copper Mines plc ('KCM') will be restructured as a
substantially debt free business.

Under the terms of this agreement KCM will be recapitalised and restructured to
strengthen considerably its financial position and to enable it to attract new
debt and equity funding.  At the same time Anglo American, International Finance
Corporation ('IFC') and CDC Group plc ('CDC') will withdraw as direct or
indirect investors in KCM.

As part of this restructuring KCM will exercise an option to acquire ZCCM
(SmelterCo) Limited ('SmelterCo') which owns the Nkana smelter and refinery,
from the Company in exchange for an issue of new shares in KCM to the Company.
GRZ will assign KCM the debt obligations owed by SmelterCo to GRZ also in return
for an issue of new shares in KCM.  GRZ will subsequently assign its
shareholding in KCM to the Company for no consideration.

As a result of this transaction the Company's interest in KCM will increase from
20% to 42% and KCM will own and operate the Konkola mine, the Nchanga
underground mine, the Nchanga open pit mine, the Nampundwe pyrite mine and the
Nkana smelter and refinery.  The remaining 58% stake in KCM will be owned by
Zambia Copper Investments Limited ('ZCI').

Accordingly the Company will effectively have relinquished its interest in a
series of loans to KCM and its 100% equity interest in SmelterCo for an
increased 42% equity interest in the reconstituted and recapitalised KCM as well
as the settlement of its obligation to repay certain loans to CDC, IFC and ZCI.

On completion of the restructuring, the board of KCM will be reconstituted and
the Company will continue to be entitled to appoint two directors.  The balance
of the board will consist of three directors appointed by ZCI and one to be
appointed by GRZ.



Subsequent to the restructuring it is the intention of KCM to offer a strategic
interest to a new equity investor to be selected in a competitive bidding
process which it is anticipated will lead to a reduction in the Company's
percentage holding in KCM.

                                   - Ends -

Lusaka, Zambia
Monday 19th August 2002

Enquiries to:

                 William S Musama:       Company Secretary
                                         ZCCM Investments Holdings plc, Lusaka
                                         Tel:  [phone]/220540

                 John Patterson:         Member of GRZ-KCM Task Force
                                         ZCCM Investments Holdings plc,
                                         Tel:  [phone]

                 Stephen Oke:            Standard Bank London
                                         Tel: [phone] (m)

                 Richard Sermon:         Gryphon Corporate Counsel Limited
                                         Tel:  + 44 (0)7973 886124 (m)



                         ZCCM Investments Holdings Plc
  Mukuba Pension House, 5309 Dedan Kimathi Road, P O Box 30048, Lusaka Zambia
  Telephone: [phone] Facsimile: 260-1-221057/220449/220727
                        e-mail [e-mail]


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