The Board of Directors of Zanaco Plc (“the Board”) wishes to advise the Shareholders that for the period ending 30th June 2021, the basic earnings per share is expected to be 529% higher than that of the corresponding period last year for the Company.

The increase in profitability in the first six months to 30th June 2021 is primarily attributed to the growth in net interest income from customer loans and investment securities, lower than budget costs due to prudent management of resources, and lower credit impairments due to close monitoring and collections despite headwinds on the loan portfolio. This strong performance is further supported by a resilient balance sheet funded by the growth in customer deposits.

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

The Company expects its results for the half-year ended 30 June 2021 to be released on SENS and published in the local press on or about 30th September 2021. Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until publication of the results.

By Order of the Board

Kaluba Gloria Kaulung’ombe-Inampasa
COMPANY SECRETARY

Issued in Lusaka, Zambia on 24 September 2021