LONRHO - ANNOUNCEMENT

LONRHO PLC
13 MAY 1998

LONRHO PLC ("THE COMPANY") HAS TODAY BEEN NOTIFIED BY SCUDDER KEMPER

INVESTMENTS, INC. ("SCUDDER") OF TWO INTERNATIONAL PLACE, BOSTON, MA

02110-4103, USA PURSUANT TO THE UK COMPANIES ACT 1985 (AS AMENDED) THAT SCUDDER
HAS DECREASED, ON BEHALF OF DISCRETIONARY CLIENTS, ITS INTEREST IN THE COMPANY
TO 129,300.75 ORDINARY SHARES OF GBP1 EACH IN THE COMPANY (0.08% OF THE ISSUED
SHARE CAPITAL OF THE COMPANY). SCUDDER, STEVENS & CLARK, INC HAD NOTIFIED THE
COMPANY ON 17 OCTOBER 1997 THAT IT HAD AN INTEREST IN 25,495,484 ORDINARY
SHARES OF 25P EACH IN THE COMPANY, 3.21% OF THE THEN ISSUED SHARE CAPITAL OF
THE COMPANY.

SCUDDER HAS ALSO ADVISED THAT IT IS A REGISTERED INVESTMENT ADVISER TO MUTUAL
FUNDS AND TRUST ACCOUNTS. THE ABOVE MENTIONED SECURITY IS SOLELY OWNED BY
VARIOUS FUNDS AND TRUSTS TO WHICH SCUDDER PROVIDES INVESTMENT MANAGEMENT
EXPERTISE. AS OWNER OF THE ABOVE MENTIONED SECURITY, THESE FUNDS AND TRUSTS
HOLD THEIR INTERESTS FOR THE BENEFIT OF MANY UNDERLYING SHAREHOLDERS AND OTHER
BENEFICIARIES, NONE OF WHOM ARE SCUDDER.