ZCCM-IH has entered into a transaction with FQM where it will convert its dividend rights and 20 percent equity value in Kansanshi Mining Plc (KMP) into a life of mine royalty. The key features of the transaction are as follows:

1. The royalty rate will be pegged at 3.1 percent of the gross value of royalty products (e.g., copper, gold, and all other metal products) to be mined from KMP pursuant to the royalty agreement to be executed on the transaction closing date.