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New Chairman of Zambian Sub

20th Jul 2005 09:05

Albidon Limited20 July 2005 Suite 1 Hillway House 141 Broadway Nedlands 6009ALBIDON LIMITED Western Australia ARBN 107 288 755 Tel:x+61x8x9389 6300 Fax:x +61x8x9389 6400 Email:[email protected] ASX Code: ALB AIM Code: ALD via electronic lodgement Appointment of Mr Valentine Chitalu as Chairman of Albidon Zambia Limited Albidon is pleased to announce the appointment of Mr Valentine Chitalu asChairman of the board of Albidon Zambia Limited (100% owned subsidiary ofAlbidon Limited). Mr Chitalu is a Zambian with a 15-year career in the fields of private equity,privatisation, merchant banking, corporate finance, accounting, auditing,development economics, capital markets and business development in transitionaleconomies. He has previously held positions with CDC Capital Partners, ZambiaPrivatisation Agency and KPMG Peat Marwick. Mr Chitalu has a significant interest in private sector development in Zambiaand is extensively networked in the region. His initial priority will be tofacilitate the Feasibility Study on the Munali Nickel Project. If you have any queries please contact the Company Secretary, Nicholas Day on+61 8 9389 6300 or email [email protected]. Additional information may also be viewed on Albidon's website atwww.albidon.com. This information is provided by RNS The company news service from the London Stock Exchange

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