NOTICE TO SHAREHOLDERS AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2013

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

CONSOLIDATED STATEMENT OF CASH FLOWS 30 SEPTEMBER 2013 $ 30 SEPTEMBER 2012 $ 23,119,929 2,382,058 (89,780) 2,292,278 (620,239) 1,672,039 1,672,039 Profit before income tax Adjustment for : Depreciation (Profit)/loss on disposal of property, plant and equipment Share option (credit)/charge Finance income Finance costs Working capital changes: Decrease/(increase) in inventories (Increase)/decrease in trade and other receivables Decrease in trade and other payables Net cash (utilised in)/generated from operations Finance income Finance costs Income tax paid Net cash utilised in operating activities 30 SEPTEMBER 2013 1,910,887 223,702 (1,130) (19,151) (495) 157,950 678,002 (1,678,412) (1,306,084) (34,731) 495 (157,950) (546,931) (739,117) 30 SEPTEMBER 2012 2,292,278 213,621 1,940 14,022 (145) 89,925 (1,343,989) 257,689 (887,235) 638,106 145 (89,925) (615,686) (67,360)

Revenue Operating profit Net finance cost Profit before taxation Taxation Profit for the year Other comprehensive income: Total comprehensive income for the year

23,858,213 2,068,342 (157,455) 1,910,887 (494,378) 1,416,509 1,416,509

Issued Ordinary Shares (weighted) (number) Basic earnings per share (cents) Diluted earnings per share (cents) Headline earnings per share(cents)

32,609,000 4.34 4.30 4.34

32,609,000 5.13 5.07 5.13

CONSOLIDATED STATEMENT OF FINANCIAL POSITION ASSETS Non-current assets Property, plant and equipment Current assets Inventories Trade and other receivables Cash and cash equivalents Total assets EQUITY AND LIABILITIES EQUITY Equity attributable to owners of the parent Share capital Share premium Share option reserve Retained earnings Total equity LIABILITIES Non-current liabilities Deferred income tax liabilities Current liabilities Trade and other payables Provisions Bank overdraft Current income tax liabilities Total liabilities Total equity and liabilities 680,948 1,276,041 87,948 1,742,000 3,105,989 3,786,937 14,026,556 732,929 2,441,550 228,523 1,108,649 573 3,779,295 4,512,224 13,354,485 326 80,699 46,346 10,112,248 10,239,619 326 80,699 65,497 8,695,739 8,842,261 30 SEPTEMBER 2013 $ 3,092,748 3,092,748 5,750,874 5,118,150 64,784 10,933,808 14,026,556 30 SEPTEMBER 2012 $ 3,066,240 3,066,240 6,428,876 3,439,738 419,631 10,288,245 13,354,485

CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property, plant and equipment Proceeds from sale of property, plant and equipment Net cash utilised in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of share capital Net cash generated from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year (988,198) (689,018) (1,677,216) (181,812) (507,206) (689,018) (250,210) 1,130 (249,080) (116,352) 1,900 (114,452)

STATEMENT OF CHANGES IN EQUITY Share capital Balance at 1 October 2011 Transfer of non distributable reserve Transaction with owners: Share options Total comprehensive income for the year Profit for the year Other comprehensive income for the year Balance at 30 September 2012 Balance at 1 October 2012 Transaction with owners: Share options Total comprehensive income for the year Profit for the year Other comprehensive income for the year Balance at 30 September 2013 $ 326 326 326 326 Share premium $ 80,699 80,699 80,699 80,699 Share option Non-distributable reserve reserve $ $ 51,475 3,891,668 (3,891,668) 14,022 65,497 65,497 (19,151) 46,346 Retained earnings $ 3,132,032 3,891,668 1,672,039 1,672,039 8,695,739 8,695,739 1,416,509 1,416,509 10,112,248 Total $ 7,156,200 14,022 1,672,039 1,672,039 8,842,261 8,842,261 (19,151) 1,416,509 1,416,509 10,239,619

NOTES TO THE FINANCIAL RESULTS

1 The principal accounting policies of the Group,have been followed in all material respects and conform to International Financial

Reporting Standards (IFRS) and the Zimbabwe Companies Act(Chapter 24.03). This publication should be read in conjunction with financial statements for the year ended 30 September 2013,which have been prepared in accordance with IFRSs and the Zimbabwe Companies Act (Chapter 24:03)

5 Segment information The executive management team is the Group's chief operating decision maker.Management has determined the operating segments based on reports reviewed by the executive team that are used to make strategic decisions.The Group has one product line,and operates in one industry sector.

2 The auditors,PricewaterhouseCoopers,have audited the financial statements of the Group for the year ended 30 September 2013.

Revenue is primarily from customers who are domiciled in Zimbabwe and other revenue is from external customers domiciled in South Africa,Zambia and Malawi. Revenue analysis: 30 SEPTEMBER 2013 $ 21,267,729 2,590,484 23,858,213 30 SEPTEMBER 2012 $ 20,369,835 2,750,094 23,119,929

The report contained in financial statements,which is available at the Company's registered office is unqualified.

3 The financial results are presented in United States Dollars which is the functional and presentation currency of the Group.

4 Related party transactions

CBI - Electric African Cables - A division of ATC (Proprietary) Limited owns 71% of the company and the remaining 29% is widely held.The following transactions were carried out with related parties: 30 SEPTEMBER 2013 $ 7,490,345 481,276 7,971,621 1,586,610 30 SEPTEMBER 2012 $ 12,094,689 12,094,689 765,160

Revenue from customers domiciled in Zimbawe Revenue from external customers

(i) Purchases:-

Purchases during the year from Group companies CBI - Electric African Cables - A Division of ATC (Proprietary) Limited CBI - Electric Aberdare/ATC Telecoms Cable (Proprietary) Limited Goods and services are bought from related parties on commercial terms and conditions. Sales:CBI - Electric African Cables -A Division of ATC (Proprietary) Limited The above sales were done at arm's length.

Revenues from transactions with single local customers that amounted to 10% or more each,of the Group's revenues equal approximately $8,986,333 (2012: $11,146,875).These revenues are attributable to customers domiciled in Zimbabwe.The breakdown of the major component of the total revenue from three major customers of at least 10% is as follows: 30 SEPTEMBER 2013 6,385,458 2,600,875 8,986,333 30 SEPTEMBER 2012 3,988,420 3,804,276 3,354,179 11,146,875

The total of non current assets located in Zimbawe is $3,092,748 (2012:$3,066,240) and there are no non-current assets located in other countries. The segment information provided to the executive team for the product reportable segments for the year ended 30 September are as follows: Revenue from customers Profit before interest and taxation Net interest expense Income tax expense Total assets Liabilities 30 SEPTEMBER 2013 23,858,213 2,068,342 157,455 494,378 14,026,556 3,786,937 30 SEPTEMBER 2012 23,119,929 2,382,058 89,780 620,239 13,354,485 4,512,224

(ii) Year-end balances arising from purchase of goods/services

Payables to related parties: CBI - Electric African Cables - A Division of ATC (Proprietary) Limited CBI - Electric Aberdare/ATC Telecoms Cable (Proprietary) Limited

270,140 481,276 751,416

853,867 853,867

(iii) There were no loans made to directors or management of the Group companies (iv) Key management remuneration

Key management includes directors (executive and nonexecutive) and executive managers (members of the executive ) 436,551 (19,151) 417,400 597,750 14,022 611,772

6 The Group had no significant capital commitments authorised by the directors or contracted for at the reporting period (2012:nil) 7 Share options The decrease in the share option reserve is due to:(i) a decrease in the share option price from 53 cents to 35 cents (ii) a forfeiture of 45,000 share options 8 Property plant and equipment Capital expenditure Depreciation charge 30 SEPTEMBER 2013 250,210 223,702 30 SEPTEMBER 2012 116,352 213,621

Salaries and short term benefits Share options (credit)/charge

9 There were no subesequent events that would have any effect on these financial results

COMMENTARY AND OVERVIEW OF RESULTS CAFCA increased volume sales by 8% year on year which only translated into increased turnover of 3% due mainly to sales mix of more aluminium which sells at less dollars per tonne than copper and also due to increased export volume which also sells at less price per tonne. Costs increased in line with inflation but the impact of depressed margins on exports and combating imports on price locally resulted in a reduced operating profit of $2,068,342 being 13% below the previous year. Borrowings increased to $1,742,000 from $1,108,649 mainly to fund the copper barter deal with ZETDC this resulted in a 76% increase in finance charges to $157 455. Profit after tax at $1,416,509 was 15% down on the previous year as was the basic and headline earnings per share. The consolidated statement of financial position reflected a much improved position despite the fact that borrowings increased by $633 351. Current assets of inventories and receivables at $10,869,024 were 3.5 times the current liabilities of borrowings and payables. Net worth of the Company increased by $1.4 million. The budget for 2014 has been based on a worst case scenario of no growth due to the tight liquidity being experienced in

the overall economy. The focus will continue to be on the copper barter project whilst our strategy of combating imports on price will remain. Should government intervene to assist local manufacturers together with introducing liquidity in the market then there is no doubt we will see growth in the Company in 2014. DIVIDEND The Directors have recommended waiving payment of a dividend due to the strategic need to finance debtors and eliminate borrowings. By order of Board C Kangara Company Secretary 14 November 2013 Directors: H.P.Mkushi (Chairman), R.N.Webster (Managing), E.T.Z.Chidzonga A.E.Dickson, A.Mabena, S.E.Mangwengwende, T.A.Taylor