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Lonmin Plc - Share Repurchases

Release Date: 23/10/2001 09:07
Code(s): LON
Wrap Text
Share Code: LON
ISIN Code: GB000256844
Share repurchases

Lonmin Plc ("the Company") announces that on 22 October 2001 HSBC purchased
for cancellation by the Company 1,019,633 of the Company's  1 ordinary
shares at prices between 845 pence and 865 pence per share pursuant to
instructions given by the Company to HSBC on 30 September 2001.

So far, 10,000,000 shares have been purchased since the Company commenced
the repurchase of its  1 ordinary shares on 17 September 2001.

The purchases were made by HSBC on behalf of the Company pursuant to the
authorisation granted at its Annual General Meeting on 15 February 2001
under Section 163 Companies Act 1985.

Further shares may be purchased by HSBC on behalf of the Company from time
to time in the market at prevailing market prices.
Enquiries:
John Robinson, Lonmin Plc
Telephone: +44 20 7201 6000
Sponsor:
HSBC

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