Result of AGM

24 December 2012

Zambeef Products Plc

("Zambeef" or the "Company")

Result of AGM

Zambeef (AIM:ZAM), the fully integrated agri-business with operations on Zambia, Nigeria and Ghana announces that at the Annual General Meeting of the Company held on Friday 21 December in Lusaka, all resolutions put to shareholders were duly passed.

For further information, please contact:

Zambeef Products plc

Francis Grogan, Chief Executive Officer Tel: +260 (0) 9 7799 9001

Yusuf Koya, Executive Director Tel: +260 (0) 9 7799 9100

Strand Hanson Limited Tel: +44 (0) 20 7409 3494

Angela Hallett

James Spinney

Panmure Gordon Ltd Tel: +44 (0) 20 7886 2500

Callum Stewart

Hannah Woodley

Buchanan

Mark Edwards Tel: +44 (0) 20 7466 5000

Sophie McNulty

Notes to Editors

The Zambeef Group is one of the largest integrated agri-businesses in Zambia, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, flour, bread, edible oils and stock feed, throughout Zambia and the surrounding region, as well as Nigeria and Ghana. The Group is also one of the largest cereal row cropping operations in Zambia, with approximately 8,350 hectares of irrigated and approximately 8,650 hectares of rain-fed, arable, developed land available for planting each year.

The Group has approximately 5,000 employees.

Further information can be found on www.zambeefplc.com

This publication is in line with standard practice for London Stock Exchange AIM listed Companies.