LONRHO - LISTING OF LONRHO AFRICA PLC ON THE JHB STOCK EXCHANGE

LONRHO PUBLIC LIMITED COMPANY ("LONRHO")

LISTING OF LONRHO AFRICA PLC ON THE JOHANNESBURG STOCK EXCHANGE

ON 4TH MARCH, 1998 LONRHO ANNOUNCED THE DEMERGER OF ITS AFRICAN NON-MINING
BUSINESSES ("LONRHO AFRICA"). THE DEMERGER, WHICH WAS APPROVED BY LONRHO
SHAREHOLDERS AT AN EXTRAORDINARY GENERAL MEETING HELD ON 27TH MARCH, 1998, IS
BEING IMPLEMENTED BY WAY OF CAPITAL REPAYMENT AND IS SUBJECT, INTER ALIA, TO
COURT APPROVAL. APPLICATION HAS BEEN MADE TO THE LONDON STOCK EXCHANGE ("LSE")
TO ADMIT THE LONRHO AFRICA SHARES TO THE OFFICIAL LIST AND ASSUMING, INTER
ALIA, THE APPROVAL OF THE COURT IS RECEIVED, DEALINGS ARE EXPECTED TO COMMENCE
ON 7TH MAY, 1998.

FURTHER DISCUSSIONS HAVE BEEN HELD WITH THE SOUTH AFRICAN RESERVE BANK (THE
"SARB") AND THE JOHANNESBURG STOCK EXCHANGE (THE "JSE") CONCERNING A LISTING OF
LONRHO AFRICA IN SOUTH AFRICA. THE SARB AND THE JSE HAVE NOW CONFIRMED THAT
THEY ARE AGREEABLE IN PRINCIPLE TO THE LISTING OF LONRHO AFRICA ON THE JSE. A
FORMAL APPLICATION WILL BE MADE TO THE JSE TO ADMIT THE LONRHO AFRICA SHARES TO
LISTING AND DEALINGS ARE EXPECTED TO COMMENCE ON THE LSE AND THE JSE
SIMULTANEOUSLY ON 7TH MAY, 1998.

IMMEDIATELY PRIOR TO COMPLETION OF THE DEMERGER, FOLLOWING COURT APPROVAL,
LONRHO AFRICA WILL ESTABLISH A SOUTH AFRICAN BRANCH REGISTER WITH MERCANTILE
REGISTRARS LIMITED. THE LONRHO AFRICA SHARES ISSUED TO SHAREHOLDERS WHO, AT THE
BONUS ISSUE RECORD TIME (EXPECTED TO BE MIDNIGHT ON 5TH MAY, 1998), HOLD THEIR
LONRHO ORDINARY SHARES ON THE LONRHO BRANCH REGISTER IN SOUTH AFRICA, WILL BE
REGISTERED ON THE LONRHO AFRICA BRANCH REGISTER IN SOUTH AFRICA.

SUPPLEMENTARY LISTING PARTICULARS WILL BE POSTED TO SHAREHOLDERS IN DUE COURSE.
ENQUIRIES

JOHN MCINTYRE          DEUTSCHE MORGAN GRENFELL      0L71 545 8000
BILL KENDALL

MARK GARRAWAY          COLLEGE HILL                  0171 497 2020

THE CONTENTS OF THIS ANNOUNCEMENT, FOR WHICH LONRHO IS RESPONSIBLE, HAVE BEEN
APPROVED BY MORGAN GRENFELL & CO. LIMITED ("DEUTSCHE MORGAN GRENFELL"), WHICH
IS REGULATED BY THE SECURITIES AND FUTURES AUTHORITY LIMITED, FOR THE PURPOSES
OF SECTION 57 OF THE FINANCIAL SERVICES ACT 1986.

DEUTSCHE MORGAN GRENFELL IS ACTING FOR LONRHO AND LONRHO AFRICA IN RELATION TO
THE DEMERGER AND OTHER PROPOSALS AND FOR NO-ONE ELSE AND WILL NOT BE

RESPONSIBLE TO ANY OTHER PERSON FOR PROVIDING THE PROTECTIONS AFFORDED TO ITS
CUSTOMERS OR FOR ADVISING ANY OTHER PERSON IN RELATION THERETO.