Further to the cautionary announcement dated 17th April 2020, shareholders and the market are advised that there are circumstances relating to the appointment of a receiver to manage the assets of KANN Utility Company Limited (“KANN”), a Nigerian registered company in which CEC Africa Investments Limited holds 75%, following KANN’s default on the repayment of the United Bank of Africa (“UBA”) loan facility of US$121,800,000.

The full impact of the facts above are currently being determined and may have an effect on the price of the company’s securities.

Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a full announcement is made.

Clara Mvula
Head, Corporate Services

Issued in Lusaka, Zambia on Friday, 5th June 2020

Lusaka Securities Exchange Sponsoring Broker
	T | +260-211-232456 E | [email protected] W | www.sbz.com.zm Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia

First Issued on 17th April 2020