Request for Proposals (RFP) for Prospective Greenfield and Brownfield Projects at ZCCM Investments Holdings PLC

1. INTRODUCTION

ZCCM Investments Holdings PLC ("ZCCM-H" or the "Company") is an investment holding company with significant interests in the Zambian mining and energy industry. ZCCM-IH also has exposure to the financial services, and real estate sectors.

The Company has a primary listing on the Lusaka Securities Exchange, and secondary listings on the Paris Euronext and London Stock Exchanges. The Zambian Government (GRZ) directly holds 17.25% shares in ZCCM-IH through the Ministry of Finance and 60.28% indirectly through the Industrial Development Corporation (IDC), an investment company wholly owned by the Zambian Government. The remaining 22,47% is held by institutions and individuals. The geographical spread of the minority shareholders, who number around 4300. covers over 29 countries in Europe, Africa, the Caribbean, Australia, Asia, and the USA.

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2. REQUEST FOR PROPOSALS

ZCCM-IH invites proposals from local and international companies to partner with ZCCM-IH in prospective Copper, Cobalt, Gold, Nickel and Lithium tenements for development. The prospective projects can range from greenfield to brownfield.

2.1. GREENFIELD PROJECTS

ZCCM-H intends to partner with license holders who have done significant preliminary geological works on their license to obtain exploration results and establish mineral resources, or ore reserves. The prospective partner must disclose all relevant information conceming desktop and field works, exploration results, mineral resources or ore reserves that could materially influence the economic value of the licence area. Thereafter, the prospective partner will be evaluated on the following criteria although not limited to it:

2.1.1. Geological setting/location likely to support the metals/minerals of Interest.

2.1.2. Ease of exploitation (No settlers, farms, government amenities, proximity to roads etc.):

2.1.3. Exploration licence must be valid and it close to expiration, there should be a demonstration of renewal. 2.1.3. Exploration licence must be valid and it close to expiration, there should be a demonstration of renewal.

2.1.4. Statutory Compliance of the exploration licence (ZEMA, Pegging Certificate, area charges, quarterly reports, local and traditional engagement).

2.1.5. Desktop studies done and availability of historical data, if any, on the prospective mineralisation in the licence. 2.1.6. Geological mapping done and records thereof.

2.1.7. Geochemical sampling and analysis to support further exploration program as a minimum consideration for potential prospective. 2.1.8. Geophysics works conducted and its detailed interpretation to support further detailed exploration and drilling program. 2.1.9. Status of trenching and pitting to support further investigation.

2.1.10. Drilling and supporting geological works to test the presence of mineralisation and continuity along strike and at depth. 2.1.11. Mineral resource estimation from upgraded exploration results to a category of Inferred, Indicated or measured resources should be in accordance with the Internationally accepted standard of reporting. 2.1.12. Team expertise and experience.

2.1.13. Financial capacity of the license holder to shoulder part of the exploration and development costs of the license: and

2.1.14. Reporting the extent to which exploration works have been undertaken and providing activity detalls and results of some of the works accomplished to generate exploration results and Mineral resources [Annexure I guide on the detail of reporting for works conducted].

2.2. BROWNFIELD PROJECTS

ZCCM IH intends to partner with license holders who have conducted extensive exploration works to define a mineable mineral resource or are already at an advanced mine development stage or indeed exploitation. In considering equity partnerships for brownfield projects, prospective partners will be evaluated on, but not limited to, the following criteria:

2.2.1. Mineral resource or ore reserve information presented in a "Resource and Reserve statement" that is prepared by a competent person in accordance with the Internationally accepted standard of reporting. 2.2.2. Known mineral deposits, with a reasonable level of confidence; particularly accepting resources in indicated and measured categories or reserves in, "probable" and "proven" categories (JORC, SAMREC or NI 43-101 compliant resource).

2.2.3. Indication of the mining project's viability by providing "Prefeasibility Study" and/or "Definitive Feasibility Study" reports

2.2.4. Historical production data for projects that have been in operation or currently operational as well as estimated Life of Mine (LOM). 2.2.5. Exploration or Mining licence must be valid - which should remain valid for at least 6 months from the date of this issue or renewal. 2.2.6. Environmental Project Brief done, and Decision Letter Issued by ZEMA.

2.2.8. Team expertise and experience.

2.2.9. Financial capacity of the license holder to shoulder part of the exploration and development costs of the license; and

2.2.7. Compliance with licence statutory requirements (environmental protection, area charges, pegging certificate, quarterly reports and/or mineral production returns) 2.2.10. Reporting the extent to which exploration/extension exploration program or development works have been undertaken and providing activity detalls and results of some of the works accomplished (Annexure Il guides on detail of reporting works conducted].

3. THE RFP PROCESS

The RFP is the first stage of a multi-stage screening process. The objective of the RFP process is to identify and pre-select license holders that are interested in a partnership with ZCCM-IH and have the suitable financial capacity, technical ability, and proven experience, particularly in mining and processing.

Only qualified, shortlisted companies will be contacted and invited to submit further information before final selection. The shortlisted companies will receive an official invitation to submit further information for screening and final evaluation.

ZCCM-IH is not committed contractually in any way to those applicants whose proposals are accepted, until after the execution of binding transaction documents approved by the Board of ZCCM-IH. The issuance of this RFP does not commit or otherwise oblige ZCCM-H to proceed with any part or step of the process. As part of the RFP process, the following documents are mandatory:

• The name, physical and email address, telephone and fax numbers (if any) of the firm.
• The names, titles, and contact details of at least two representatives/directors of the firm to whom correspondence may be directed:
• Directors of the firm and their functional designations.
• Company registration documents of the firm: Incorporation Certificate, tax certificates, PACRA printout. An organogram showing the firm's structure.
• A description of the firm's business activities and practical experience in mineral exploration and mining.
• Shareholders' information, ultimate beneficial ownership information, shareholders' agreements; and Copy of the Mineral Exploration and/or Mining License showing all license ownership Information.

ZCCM-IH reserves the right to contact applicants to enquire about missing documents. ZCCM-IH reserves the right to compile shortlists according to the capacity of applicants and the numbers of compliant applications. ZCCM-IH reserves the right to reject any proposal for non-compliance to the requirements detailed herein. Note: The annexure for the evaluation criteria can be accessed in the link below;

https://bit.ly/annexureRFQ

4. SUBMISSION

The deadline for submission of the Proposals is 14th February 2023 at 12:00hrs.

Interested parties are encouraged to submit electronic pdf copies to:

2.

Mutambo Mugala (mutamba.mugala@zccm.ih.com.zm) and must be copied to Mwelwa Manda (mwelwa.manda@zccm-ih.com.zm). Suzyo kumwendo (suzyo.kumwenda@zccm-ih.com.zm). Bryson Kacha (bryson.kocha@zcom-ih.com.zm), and Chimfwembe Leso (chimbwembe.Jesas/zcom-ih.com.zm).

Physical copies may be submitted to:

ZCCM Investments Holdings Plc

ZCCM-IH Office Park

Stand No. 16806. Alick Nkhata Road

Mass Media

P.O. Box 30048. Lusaka, Zambia.