30 October 2019

ASX: NZC

CORRECTION TO SCHEME TIMETABLE

Nzuri Copper Limited (Nzuri or the Company) (ASX: NZC) refers to its announcement released yesterday regaring the updated timetable for the proposed scheme of arrangement (Scheme) pursuant to which all of the issued capital in Nzuri is proposed to be acquired by Xuchen International Limited, a subsidiary of Chengtun Mining Co., Ltd.

Although the dates in the previous announcement were correct, two of the days were incorrectly stated.

For the avoidance of any confusion, the updated indicative timetable for the Scheme is confirmed as follows:

Approval Hearing (8.30am WST)

Monday, 18 November 2019

Effective Date

Tuesday, 19 November 2019

Last day of trading in Nzuri shares on ASX

Record Date for determining entitlements to the Scheme consideration

Friday, 22 November 2019

Implementation Date for the Scheme

Friday, 29 November 2019

Payment of the Scheme consideration to Nzuri shareholders

The above dates are indicative only. The conditions precedent to the Scheme must be either satisfied or waived prior to the Approval Hearing. Any changes to the above timetable will be announced through ASX and notified on the Nzuri website.

END

For further information please contact:

Mark Arnesen

Hannah Hudson

Nicholas Read

CEO/Executive Director

CFO/Company Secretary

Investor Relations - Read Corporate

T: +61 (0)8 6424 8100

T: +61 (0)8 6424 8100

T: (+61-8)9388-1474

E: info@nzuricopper.com.au

E: info@nzuricopper.com.au

E: info@readcorporate.com.au

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Nzuri Copper Limited published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 21:46:00 UTC