CEC – Market Announcement

The Board of Directors of the Copperbelt Energy Corporation Plc (“CEC” or “the Group”) is pleased to inform shareholders and the investing public that, on 23 May 2025, the Company’s market capitalisation exceeded US $1 billion, a historic first for any company listed on the Lusaka Securities Exchange (“LuSE”).

At the closing price of ZMW 17.80 per share and with 1.63 billion ordinary shares in issue, CEC’s equity value stood at ZMW 28.9 billion. Using the Bank of Zambia mid-rate of ZMW 27.3 per US $1 on the same date, this equates to approximately US $1.06 billion.

Crossing the one-billion-dollar threshold reflects confidence in our business operations and strategy as we continue to provide reliable and sustainable power and our regional footprint. We remain focused on identifying growth opportunities aligned to our strategy enabling delivery of sustainable value to all our stakeholders.

This milestone also underscores the LuSE’s pivotal role in fostering economic growth and investor confidence. As Zambia’s principal Exchange, LuSE facilitates capital access for businesses, driving expansion and long-term economic advancement. CEC’s achievement reflects robust market fundamentals and heightened investor interest, reinforcing the Exchange’s significance in corporate development and shareholder value creation.

The Board expresses its gratitude to shareholders, employees, customers, regulators and partners whose support has enabled this achievement. CEC will continue to pursue growth opportunities particularly in renewable generation and regional interconnection while maintaining prudent financial management.

By order of the Board

Julia C Z Chaila (Mrs)
Company Secretary

Issued in Lusaka, Zambia on 27 May 2025