CEC Renounceable Rights Offer | Announcement Results of Rights Issue Rump Placement

Further to the Renounceable Rights Offer Results Announcement dated 18 March 2014, under which Copperbelt Energy Corporation PLC (“CEC”) announced the strong support received from the shareholders of the Company and that the majority of shareholders opted to take up their entitlement of new shares with 95.95% of the offer subscribed for.

Of the 625,000,597 shares offered, a total of 25,369,616 shares, or 4.05%, were not taken up by existing shareholders.

CEC is pleased to announce that, in accordance with the arrangements set out in Section 1.3.11 of the Rights Offer Document dated 03 February 2014, Standard Bank of South Africa Limited, acting as transaction Adviser and Bookrunner, have procured subscribers for the remaining 25,369,616 shares, or 4.05%, for which valid acceptances were not received, at a price of ZMW 0.62 per share.

Rump Placement
CEC has today completed the placement of the entire rump of 25,369,616 shares, representing 1.56% of the Company’s enlarged ordinary share capital.

07 April 2014
Lusaka – Zambia