Zambeef Products PLC Provides Earnings Guidance for the Financial Half Year Ended 31 March 2023

Zambeef Products Plc. is one of Zambia's leading agri-food groups. Net sales (including intragroup) break down by activity as follows: - production and sale of stockfeed (37.4%); - sales of food products (33.5%): meat products (beef, poultry, pork and sausage), edible oils (soybean and palm oils), wheat flour and bakery products, milk and dairy products, etc. At the end of September 2022, the group operated 182 sales outlets in Zambia, and 73 butcheries (Shoprite brand) in Zambia (41), Nigeria (25) and Ghana (7); - production and processing of meat, dairy products, fish and eggs (20.1%); - production of soybeans, corn and wheat (5%); - other (4%): primarily sale of day-old chicks, animal skin tanning and shoe manufacturing.