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Lonmin Plc - retains Brian Gilbertson as consultant to the Group

Release Date: 14/05/2003 08:02
Code(s): LON
Wrap Text

Lonmin Plc - retains Brian Gilbertson as consultant to the Group NEWS RELEASE 14 May 2003 Lonmin Plc ISIN CODE: GB0031192486 Lonmin retains Brian Gilbertson as consultant to the Group The Board of Lonmin intends to re-examine the potential for developing Lonmin as an international diversified mining company based on its robust foundation of South African platinum group metals production. To this end the Board of Lonmin is pleased to announce that it has retained Brian Gilbertson under a consultancy agreement to provide advice to the Board on its future corporate development. Brian will assist the Board to adapt to the new Black Economic Empowerment requirements of the South African Government and to position Lonmin to enhance shareholder value during the consequent far-reaching changes in the corporate structure of the mining industry. The agreement will be for an initial period of one year. Brian will provide advice directly to the Board of Lonmin, working alongside Edward Haslam, Chief Executive. Mr Edward Haslam, Chief Executive of Lonmin, said: "Brian"s long and successful experience in the resources industry generally, and in the platinum mining business in particular, makes him uniquely well qualified to assist the Board in determining and implementing the best strategy for Lonmin. My team and I look forward to working with Brian." Sir John Craven, Chairman of Lonmin, said: "We are delighted to have secured the services of Brian Gilbertson, which will enhance enormously the strategic options open to the Board in the development of the Company"s future growth in shareholder value." End For further information: Anthony Cardew/Jackie CardewChancery Tel: +44 (0)20 7930 0777 Range Date: 14/05/2003 08:02:14 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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