Statement re Suspension

Zambia Consolidated Copper Mines Ld 29 November 1999 Suspension of listing Zambia Consolidated Copper Mines Limited ('ZCCM') announced in August 1998 that it had signed an agreement with Chambishi Metals PLC relating to the disposal by ZCCM of the Chambishi Cobalt and Acid Plants and Nkana Slag Dumps. This transaction closed on 11 September 1998. Pending the despatch of a circular to ZCCM's shareholders concerning the disposal by ZCCM of the Chambishi Cobalt and Acid Plants and Nkana Slag Dumps, ZCCM has today requested the London Stock Exchange to suspend, with immediate effect, the listing of its 'B' ordinary shares. This circular will be despatched as soon as reasonably practicable. It is anticipated that the circular will also provide information on, and seek shareholder approval of, ZCCM's proposed disposal of the Nchanga and Konkola Divisions and the Konkola Deep Mining Project to Zambia Copper Investments Limited and its partners announced on 27 October 1999.
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