Konkola Copper Mines (KCM) Plc wishes to clarify that the article published by the Zambia Monitor on 15 September 2025, titled “Konkola Copper Mines Unveils $2.5bn Expansion Plan to Unlock 16 million Tonnes of Copper”, is factually incorrect and not based on any official communication from the Company. KCM reiterates that no official statement has been made regarding a US$2.5 billion investment plan. Any future investment beyond the currently approved US$1 billion will be guided by comprehensive feasibility studies and will only be announced upon approval by the KCM Board. Since the resumption of operations under Vedanta Resources in August 2024, KCM has continued to deliver improved production performance. In August 2025, the company recorded 8,100 metric tonnes of finished copper up from an average of 5,500 in December 2024, reflectingsteady progress toward production ramp-up targets.