LONMIN PLC CONVERTIBLE BOND ISSUE

LONMIN PLC CONVERTIBLE BOND ISSUE                                               
Lonmin plc                                                                      
JSE code: LON                                                                   
ISIN code: GB0031192486                                                         
Lonmin Plc Convertible Bond Issue                                               
This press release is not an offer for sale of the Bonds of Lonmin Plc in the   
United States. The Bonds are not being registered under the US Securities Act of
1933, as amended, and may not be offered or sold in the United States or to US  
persons except pursuant to an applicable exemption from such registration. Any  
offering of the securities will be made only by means of an Offering Circular   
containing detailed information regarding Lonmin Plc and its management,        
including financial statements. Such an Offering Circular will be made available
through Lonmin Plc.                                                             
Stabilisation/FSA                                                               
Lonmin Convertible Bond issue successful                                        
Lonmin Plc ("Lonmin" or the "Group") announces the successful issue of          
approximately US$215.8 million unsubordinated unsecured Convertible Bonds due 30
September 2008 (the "Bonds") and convertible into ordinary shares of Lonmin (the
"Shares").                                                                      
The Bonds will be issued at par. The coupon on the Bonds will be 3.75% per annum
payable semi-annually in arrears. The conversion price will be USD$20.4023, a   
30% premium to the reference price.  Settlement is expected to be on or about 30
September 2003.  If not converted or previously redeemed the Bonds will be      
redeemed at par on 30 September 2008. The net proceeds of the Issue will be used
by Lonmin for general corporate purposes and the reduction of other debt.       
Application will be made for the Bonds to be admitted to the Official List of   
the UK Listing Authority and to the London Stock Exchange plc for the Bonds to  
be admitted to trading on the London Stock Exchange Plc"s market for listed     
securities.                                                                     
Cazenove & Co. Ltd and Morgan Stanley & Co. International Limited are Joint     
Bookrunners and Joint Lead Managers to the Issue.                               
Convertible Bond Enquiries                                                      
Lonmin Plc                                                                      
John Robinson, Finance Director                                                 
Tel: +27 11 516 1300                                                            
Cazenove & Co. Ltd                                                              
Joint Lead Manager                                                              
James Douglas, Director                                                         
Tel: +44 20 7155 8880                                                           
Morgan Stanley & Co. International Limited                                      
Joint Lead Manager                                                              
John Porter, Executive Director                                                 
Tel: +44 20 7677 3301                                                           
Analyst/Press Enquiries:                                                        
Anthony Cardew/Jackie Range - CardewChancery +44 20 7930 0777                   
Notes to Editors:                                                               
Lonmin Plc is a mineral resources group, specialising in the mining of platinum 
group metals and gold. The Group"s primary product is platinum and it operates  
three platinum mines, which include metallurgical and refining operations in    
South Africa. Lonmin"s gold interests stem from a 26.7% interest in the Ashanti 
Goldfields Company in Ghana.                                                    
Members of the general public are not eligible to take part in this offering.   
In the United Kingdom, this announcement, in so far as it constitutes an        
invitation or inducement to participate in the offering, is directed exclusively
at persons who have professional experience in matters relating to investments  
who fall within article 19(5) (investment professionals) of the Financial       
Services and Markets Act 2000 (Financial Promotion) Order 2001 (as amended) (the
"Order") or are persons falling within article 49(2)(a) to (d) (high net worth  
companies, unincorporated associations etc) of the Order (all such persons      
together being referred to as "relevant persons").  This announcement, in so far
as it constitutes an invitation or inducement to participate in the offering,   
must not be acted on or relied on by persons who are not relevant persons.  The 
Bonds referred to in this announcement will be issued only to relevant persons. 
Cazenove & Co. Ltd is acting for Lonmin Plc and no one else in connection with  
the offer of the Bonds and will not be responsible to any other person for      
providing the protections afforded to their respective clients, or for providing
advice in relation to the proposed offer.                                       
Morgan Stanley & Co. International Limited is acting for Lonmin Plc and no-one  
else in relation to the offer of the Bonds and will not be responsible to any   
person other than Lonmin Plc for providing the protections afforded to its      
clients or for providing advice in relation to the proposed offer or in relation
to the contents of this announcement or any other transaction, arrangement or   
matter referred to herein.                                                      
23 September 2003                                                               
Date: 23/09/2003 04:34:54 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department