ZimNRG plc
LSE : ZIMO

March 01, 2012 06:41 ET

Issue of Equity in lieu of Directors' fees

Issue of Equity 29th February 2012

Zim NRG Plc

Shares in Issue and issue of equity to directors in lieu of salary


The  Directors  of ZimNRG Plc announce that pursuant to the Executive Directors service  contracts
(as  disclosed in Part IV para 6.2 (b) of the Offer Document) the following shares were issued  in
respect  of  Directors' Fees and Executives' services for the periods to August 31st 2011  and  to
February 29th 2012:


To:   Mr. Valentine Chitalu                   300,000 shares
      Mr. Christopher Latilla-Campbell        502,067 shares
      Jonathan de Thierry                     300,000 shares
                                             ----------------
                                         
                                            1,102,067 shares issued

Shares were issued in accordance with the Executive Directors' service contracts.

Summary of total of Directors' shareholdings:
----------------------------------------------------------------------------------
Director                           Number of shares             % shares in issue
----------------------------------------------------------------------------------
Christopher Latilla-Campbell              4,190,442                          8.67
----------------------------------------------------------------------------------
Valentine Chitalu                           300,000                          0.62
----------------------------------------------------------------------------------
Jonathan de Thierry                       2,300,000                          4.76
----------------------------------------------------------------------------------
TOTAL                                     6,790,442                         14.05
----------------------------------------------------------------------------------

The total number of ordinary shares of 1p nominal value now in issue is 48,332,003.

(Christopher Latilla-Campbell is a potential beneficiary of the Somers Investments Limited holding
of 14,250,000 shares, representing 29.48% of the shares in issue).


The Directors of the Company accept responsibility for the Content of this announcement.


Contact: Christopher Latilla-Campbell ZimNRG Plc


Peter Freeman Loeb Aron & Co Ltd 020 7628 1128

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