LONMIN PLC

11 NOVEMBER 1999

LONMIN PLC HAS TODAY BEEN NOTIFIED BY MERCURY ASSET MANAGEMENT LIMITED (MAM) OF
33 KING WILLIAM STREET, LONDON EC4R 9AS IN ACCORDANCE WITH SECTIONS 198-202 (AS
AMENDED) OF THE COMPANIES ACT 1985 THAT THERE HAS BEEN A CHANGE OF

CIRCUMSTANCES AFFECTING THE INTERESTS WHICH MAM DISCLOSED TO THE COMPANY ON 20
OCTOBER 1999 AND THAT MAM NOW HAS A DISCLOSABLE INTEREST IN 23,946,795 ORDINARY
SHARES OF GBP1 EACH OF THE COMPANY (REPRESENTING 15.00 PER CENT OF THE ISSUED
SHARE CAPITAL) AS DETAILED BELOW.  SAVE WHERE SPECIFICALLY IDENTIFIED TO THE
CONTRARY SUCH INTERESTS ARISE BY REASON OF DISCRETIONARY INVESTMENT MANAGEMENT
ARRANGEMENTS ENTERED INTO BY MAM OR BY ITS AFFILIATES IN THE MERCURY ASSET
MANAGEMENT GROUP.  EACH SUCH AFFILIATE IS INTERESTED IN THE RELEVANT SHARE
CAPITAL TO THE EXTENT SET OUT BELOW AND WHERE APPLICABLE THE NOTIFICATION
CONSTITUTES DISCLOSURE ON BEHALF OF SUCH AFFILIATES.

REGISTERED HOLDER                      NO OF SHARES       BENEFICIAL

(IF KNOWN)                                                INTEREST

                                                          (YES/NO)

NUTRACO NOMINEES LIMITED               17,750,077         NO
(DESIGNATED & UNDESIGNATED)

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

NORTRUST NOMINEES LIMITED              1,353,712          NO
(DESIGNATED & UNDESIGNATED)

CHASE NOMINEES LIMITED                 3,550,966          NO
(DESIGNATED & UNDESIGNATED)

BRITISH ENERGY TRUSTEES LIMITED        367,346            NO

BANK OF NEW YORK NOMINEES LIMITED      536,816            NO
(DESIGNATED & UNDESIGNATED)