LONMIN PLC

23 NOVEMBER 1999

ON 22 NOVEMBER 1999 LONMIN PLC ANNOUNCED THAT BY REASON OF THE PROVISIONS OF
SECTION 203 OF THE COMPANIES ACT 1985, MERRILL LYNCH & CO, INC HAD A

DISCLOSABLE INTERESTS IN 23,955,254 ORDINARY SHARES OF GBP1 EACH OF THE COMPANY
(REPRESENTING 15.00 PER CENT OF THE ISSUED SHARE CAPITAL)

MERRILL LYNCH & CO, INC HAS TODAY NOTIFIED THE COMPANY THAT BY REASON OF THE
PROVISIONS OF SECTION 203 OF THE COMPANIES ACT 1985 IT HAS,WITH EFFECT FROM 15
NOVEMBER 1999, A DISCLOSABLE INTEREST IN 23,849,930 ORDINARY SHARES OF GBP1
EACH OF THE COMPANY (REPRESENTING 14.71 PER CENT OF THE ISSUED SHARE CAPITAL):
A) THE COMPANIES IN SCHEDULE 1 BELOW (BEING CERTAIN HOLDING COMPANIES OF
MERCURY ASSET MANAGEMENT "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              17,644,753             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                3,550,996              NO
(DESIGNATED & UNDESIGNATED)

BRITISH ENERGY TRUSTEES LTD           367,346                NO

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

STATE STREET NOMINEES LIMITED         95,000                 NO
(DESIGNATED & UNDESIGNATED)

OTHER NAMES                           28,750                 NO

                                      TOTAL                  23,841,471
SCHEDULE 4

MERRILL LYNCH & CO, INC AND MERRILL LYNCH GROUP, INC ARE INTERESTED IN THE
SHARES DISCLOSED IN SCHEDULE 3 ABOVE PLUS AN ADDITIONAL 8,459 SHARES TOTALLING
23,849,930 IN ALL.