Lonmin Plc - Merger of AngloGold and Ashanti, and change in directorate

Lonmin Plc - Merger of AngloGold and Ashanti, and change in directorate         
LONMIN PLC                                                                      
Isin Code:  GB0031192486                                                        
Share Code :LON                                                                 
26 April 2004                                                                   
Merger of AngloGold and Ashanti, and change in directorate                      
Lonmin Plc ("Lonmin") notes that the merger of Ashanti Goldfields Company       
Limited ("Ashanti") and AngloGold Limited ("AngloGold") (the "Merger") has now  
passed all of the procedural, legal and regulatory requirements, and the        
announcement today by Ashanti and AngloGold of the completion of the Merger.    
As a result of the completion of the Merger:                                    
-    Lonmin is due to receive repayment of the Mandatorily Exchangeable Notes   
(MENs) and accrued interest, amounting to approximately $79 million in total,   
and anticipates receiving this amount in cash on 27 April 2004.  Following the  
redemption of the MENs, the cash proceeds will be used to reduce Group debt.    
-    Lonmin will be allotted 10.44 million shares in the capital of the new     
entity resulting from the Merger, AngloGold Ashanti, equating to approximately  
4% of that company"s enlarged issued share capital, with a market value (based  
on the closing mid-market quote for AngloGold ADR"s in New York on 23 April     
2004) of approximately $347m.                                                   
-    As outlined in the Chairman"s remarks at the Lonmin annual general meeting 
on 5 February 2004, upon completion of the Merger, Dr Sam Jonah KBE has today   
resigned from his position as a non-executive director of Lonmin, and the board 
has accepted this resignation.   The board thanks Dr Jonah for his enormous     
contribution to Lonmin over the past 35 years, and for his service as a director
of Lonmin since 1992.   The board wishes him well in his new role as President  
of AngloGold Ashanti.                                                           
For further information please contact:                                         
Lonmin Plc                                                                      
John Robinson, Finance Director    )    +44 (0)20 7201 6000                     
Cardew Chancery                                                                 
Anthony Cardew                     )    +44 (0)20 7930 0777                     
END                                                                             
Date: 26/04/2004 04:10:02 PM Supplied by www.sharenet.co.za                     
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