Cautionary Update

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Cautionary Update

Published Date: 16th February 2016

Cautionary Update - 16 February. Further to the Cautionary Update last issued on 12 January 2016, and in compliance with the Listing Requirements of the Lusaka Stock Exchange, the shareholders of Metal Fabricators of Zambia Plc (ZAMEFA) are advised that General Cable Corporation (NYSE: BGC) has entered into a Share Purchase Agreement with Reunert Limited (JSE: RLO) in respect of the divestiture of all the shares held by Phelps Dodge Africa Cable Corporation in ZAMEFA. The transaction is expected to close by the third quarter of 2016, subject to applicable regulatory clearance and satisfaction of other customary closing conditions.