Result of AGM & Issue of Equity

FOR IMMEDIATE RELEASE 20 December 2013

Zambeef Products Plc

("Zambeef" or the "Company")

Result of AGM & Issue of Equity

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

Further to the passing of the resolutions, the Company confirms that the nominal share value of the ordinary shares will change to ZMW 0.01, effective from 23 December 2013.

-ENDS-

For further Information, please contact:

Zambeef Products plc Tel: +260 (0) 211 369003

Francis Grogan, Chief Executive Officer

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

James Spinney

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

Callum Stewart

Ben Roberts

Buchanan Tel: +44 (0) 20 7466 5000

Mark Edwards

Sophie McNulty

Clare Akhurst

www.buchanan.uk.com