LONMIN PLC

25 OCTOBER 1999

ON 20 OCTOBER 1999 LONMIN PLC ANNOUNCED THE NOTIFICATION IN ACCORDANCE WITH
SECTIONS 198-202 (AS AMENDED) OF THE COMPANIES ACT 1985 THAT MERCURY ASSET
MANAGEMENT LIMITED ("MAM") HAS A DISCLOSABLE INTEREST IN 22,423,420 ORDINARY
SHARES OF GBP1 EACH OF THE COMPANY (REPRESENTING 14.05 PER CENT OF THE ISSUED
SHARE CAPITAL) AS DETAILED IN SCHEDULE 3 BELOW.

MERRILL LYNCH & CO, INC HAS TODAY NOTIFIED THE COMPANY THAT BY REASON OF THE
PROVISIONS OF SECTION 203 OF THE COMPANIES ACT 1985 :

A) THE COMPANIES IN SCHEDULE 1 BELOW (BEING CERTAIN HOLDING COMPANIES OF MAM)
HAVE THE INTERESTS IN THE RELEVANT SHARE CAPITAL OF LONMIN PLC DISCLOSED IN
SCHEDULE 3 BELOW.

B) THE COMPANIES IN SCHEDULE 2 BELOW, WHICH ARE HOLDING COMPANIES OF MAM AND OF
CERTAIN OTHER COMPANIES, HAVE THE INTERESTS IN THE RELEVANT SHARE CAPITAL OF
LONMIN PLC DISCLOSED IN SCHEDULE 3 BELOW AND THE ADDITIONAL INTERESTS DISCLOSED
IN SCHEDULE 4 BELOW.
SCHEDULE 1
NAME                                     ADDRESS

MERCURY ASSET MANAGEMENT                 33 KING WILLIAM STREET,

  GROUP LIMITED                          LONDON EC4R 9AS

ML INVEST PLC                            25 ROPEMAKER STREET,

                                         LONDON EC2Y 9LY

ML INVEST HOLDINGS LIMITED               25 ROPEMAKER STREET,

                                         LONDON EC2Y 9LY

ML INVEST, INC                           WORLD FINANCIAL CENTER

                                         NORTH TOWER

                                         250 VESEY STREET
                                         NEW YORK

                                         NY 10281-1332
SCHEDULE 2

MERRILL LYNCH GROUP, INC                 WORLD FINANCIAL CENTER

                                         NORTH TOWER

                                         250 VESEY STREET
                                         NEW YORK

                                         NY 10281-1332

MERRILL LYNCH & CO, INC                  WORLD FINANCIAL CENTER

                                         NORTH TOWER

                                         250 VESEY STREET,
                                         NEW YORK

                                         NY 10281-1332
SCHEDULE 3

REGISTERED HOLDER                      NO OF SHARES         BENEFICIAL
(IF KNOWN)                                                  INTERESTS

                                                            (YES/NO)

NUTRACO NOMINEES LIMITED               16,565,273           NO
(DESIGNATED & UNDESIGNATED)

MERCURY LIFE NOMINEES LIMITED          264,128              YES
A/C NONCERT

NORTRUST NOMINEES LIMITED              1,190,500            NO

CHASE NOMINEES LIMITED                 2,683,453            NO

OTHER NAMES                            1,720,066            NO
TOTAL                                  22,423,420
SCHEDULE 4

MERRILL LYNCH & CO, INC AND MERRILL LYNCH GROUP, INC ARE INTERESTED IN THE
SHARES DISCLOSED IN SCHEDULE 3 ABOVE PLUS AN ADDITIONAL 1,034 SHARES TOTALLING
22,424,454 IN ALL.