LONMIN PLC - Director/PDMR shareholding

Director/PDMR shareholding

Lonmin Plc (Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number 1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN : GB00BYSRJ698 ("Lonmin")

13 April 2017

Lonmin Plc

Director/PDMR shareholding

Pursuant to Article 19 of the EU Market Abuse Regulation, Lonmin Plc (the “Company”) provides
notification of the grant of nil-cost share awards granted on 13 April 2017 under the Company’s Long
Term Incentive Plan (“LTIP Awards”) to Ben Magara, Chief Executive Officer and Barrie van der
Merwe, Chief Financial Officer.

The LTIP Awards are subject to a performance condition comprising two metrics, each assessed
independently:

     -     CROIC (Cash Return On Invested Capital) averaged over three financial years. This measures
           net operating profit after tax (eliminating the impact of depreciation and impairment
           compared to invested capital); and

     -     TSR (Total Shareholder Return) measured over a three year period relative to the median of
           a comparator group comprising PGM mining peers, all of whom operate principally in South
           Africa. Following feedback from shareholders, the Remuneration Committee has amended
           the vesting schedule (as outlined in the Company’s Annual Report and Accounts 2016) to
           eliminate any vesting below median performance.

The notification forms below, made in accordance with the EU Market Abuse Regulation, provide
further detail.

1        Details of the person discharging managerial responsibilities/person closely associated
a)       Name                                    Ben Magara
2        Reason for the notification
a)       Position/status                         Chief Executive Officer
b)       Initial notification/amendment          Initial notification
3        Details of the issuer, emission allowance market participant, auction platform, auctioneer or
         auction monitor
a)       Name                                    Lonmin Plc
b)       LEI                                     213800FGJZ2WAC6Y2L94
4        Details of the transaction (s): section to be repeated for (i) each type of instrument; (ii) each
         type of transaction; (iii) each date; and (iv) each place where transactions have been
         conducted
a)       Description of the financial            Ordinary Shares of $0.0001 each
         instrument, type of instrument

         Identification code                    ISIN: GB00BYSRJ698
b)       Nature of the transaction              Grant of award under the Long Term Incentive Plan
c)       Prices(s) and volume(s)                  Price(s) (                Volume(s)
                                                  Nil                       597,015
d)    Aggregated information                  Aggregate price    Aggregate           Aggregate total
                                                                 volume
                                              Nil                597,015             Nil
e)    Date of the transaction                2017-04-13
f)    Place of the transaction               N/A


1     Details of the person discharging managerial responsibilities/person closely associated
a)    Name                                    Barrie van der Merwe
2     Reason for the notification
a)    Position/status                         Chief Financial Officer
b)    Initial notification/amendment          Initial notification
3     Details of the issuer, emission allowance market participant, auction platform, auctioneer or
      auction monitor
a)    Name                                    Lonmin Plc
b)    LEI                                     213800FGJZ2WAC6Y2L94
4     Details of the transaction (s): section to be repeated for (i) each type of instrument; (ii) each
      type of transaction; (iii) each date; and (iv) each place where transactions have been
      conducted
a)    Description of the financial            Ordinary Shares of $0.0001 each
      instrument, type of instrument

      Identification code                    ISIN: GB00BYSRJ698
b)    Nature of the transaction              Grant of award under the Long Term Incentive Plan
c)    Prices(s) and volume(s)                  Price(s) (                Volume(s)
                                               Nil                       317,792
d)    Aggregated information                   Aggregate price Aggregate          Aggregate total
                                                                volume
                                               Nil              317,792           Nil
e)    Date of the transaction                2017-04-13
f)    Place of the transaction               N/A


END



Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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