In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Zambia Sugar Plc (“the Board”) (“Zambia Sugar” or “the Company”) wishes to announce the retirement of Mr Fidelis M. Banda as Chairman of the Board effective 28 November 2019. Mr Banda will remain a Non-Executive member of the Board. Furthermore, the Board would like to announce the appointment of Mr Norman Mbazima as the new Chairman of the Board.

Mr Mbazima is a qualified accountant with over 20 years of experience in the profession and has held various senior positions such as Chairman of Anglo American South Africa.

The Board wishes to thank Mr Banda for his service as Board Chair, to welcome Mr Mbazima as the new Board Chair and looks forward to his contribution to the Company in his new capacity as Chairman of the Board.

By Order of the Board

Mwansa Mulumba Mutimushi
Company Secretary