LONRHO PLC - ANNOUNCEMENT

LONRHO PLC
18 FEBRUARY 1998

LONRHO PLC ("THE COMPANY") HAS TODAY BEEN NOTIFIED BY T. ROWE PRICE ASSOCIATES,
INC ("PRICE ASSOCIATES") OF 100O E. PRATT STREET, BALTIMORE, MARYLAND 21202,
USA, THAT PRICE ASSOCIATES HAVE AN INTEREST IN 38,730,782 ORDINARY SHARES OF
25P EACH ("THE SHARES") OF THE COMPANY (4.87% OF THE RELEVANT SHARE CAPITAL OF
THE COMPANY), AN INCREASE OF 2.05M SHARES SINCE PRICE ASSOCIATES' NOTIFICATION
IN AUGUST 1997.

PRICE ASSOCIATES HAVE ALSO NOTIFIED THE COMPANY THAT THE SHARES ARE OWNED BY
VARIOUS INDIVIDUAL AND INSTITUTIONAL INVESTORS FOR WHICH PRICE ASSOCIATES
SERVES AS INVESTMENT ADVISER WITH POWER TO DIRECT INVESTMENTS AND/OR SOLE POWER
TO VOTE THE SHARES. FOR PURPOSES OF THE REPORTING REQUIREMENTS OF THE

SECURITIES EXCHANGE ACT OF 1934, PRICE ASSOCIATES IS DEEMED TO BE A BENEFICIAL
OWNER OF SUCH SHARES; HOWEVER, PRICE ASSOCIATES EXPRESSLY DISCLAIMS THAT IT IS,
IN FACT, THE BENEFICIAL OWNER OF THE SHARES.
END