Trading Statement For The Year Ended 31 December 2021

Trading Statement For The Year Ended 31 December 2021

| Zambia Reinsurance PLC (“ZAMBIA RE”) | Trading Statement For The Year Ended 31 December 2021

 

In accordance with the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of
Zambia Reinsurance PLC (the “Company”) hereby advises the Shareholders of the Company that the Earnings
per Share (EPS) for the financial year ended 31 December 2021 is expected to be approximately 66.67% lower
than for the financial year ended 31 December 2020.

The performance for the financial year ended 31 December 2021 has been largely impacted by the exchange
losses on foreign denominated receivables after the appreciation of the Kwacha against major foreign currencies.

Shareholders are advised that the information contained in this Trading Statement has not been reviewed nor
reported on by the external auditors of the Company.

The Company expects its results for the financial year ended 31 December 2021 to be released on SENS and
published in the local press on or about Wednesday, 9 March 2022. Accordingly, shareholders are advised to
exercise caution when dealing in the Company’s Securities until the publication of the results.

By Order of the Board
CHOICE CORPORATE SERVICES LIMITED
COMPANY SECRETARY

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