LONMIN PLC - OFFERING OF ANGLOGOLD SHARES

LONMIN PLC - OFFERING OF ANGLOGOLD SHARES                                       
LONMIN Plc                                                                      
(Incorporated in the United Kingdom)                                            
(Registered in the Republic of South Africa under registration number           
1969/000015/10)                                                                 
ISIN code: GB0031192486                                                         
JSE Share code: LON                                                             
ISIN code: LOLMI                                                                
("Lonmin")                                                                      
Not for release, publication or distribution in or into the United States,      
Canada, Japan, France, New Zealand or the Republic of Ireland                   
LONMIN PLC ANNOUNCES OFFERING OF ANGLOGOLD ASHANTI LIMITED SHARES               
Lonmin Plc ("Lonmin") announces that it is today launching an accelerated book- 
built offering (the "Offering"), in relation to its 6.94 million shares in      
AngloGold Ashanti Limited ("AngloGold Ashanti") representing approximately 2.63%
of the issued share capital of AngloGold Ashanti, which are listed on the JSE   
Securities Exchange South Africa and on the New York Stock Exchange. Cazenove & 
Co. Ltd and JP Morgan Securities Ltd. (together the "Joint Bookrunners") are    
acting as the joint bookrunners to the Offering.                                
The disposal of these shares by Lonmin is in line with its stated intention to  
realise the value of its stake in AngloGold Ashanti.                            
The shares comprising the Offering are being offered by way of an international 
institutional bookbuilding.  The Offering will commence with immediate effect.  
Participants in the bookbuilding will be invited to offer to purchase either    
Anglogold Ashanti Ordinary Shares of par value 0.25 South African Rand          
("Ordinary Shares"), for which settlement will be in South African Rand, or     
American Depositary Shares ("ADSs"), each of which represents the right to      
receive one Ordinary Share, for which settlement will be in US dollars.         
Anglo American plc who purchased 3.5 million ordinary shares from Lonmin on 4th 
June 2004, have committed to offer to purchase a further 2.7 million Ordinary   
Shares in the bookbuilding which will be allocated to them in full at the       
offering price on closing.                                                      
The bookbuilding is expected to close no later than 9pm (London time) tonight   
(17th June) and pricing and allocations are expected to be set and announced at 
or before 7:00 a.m (London time) on 18th June 2004.The Joint Bookrunners reserve
the right to close the bookbuild and announce the pricing and allocations at any
earlier or later time.                                                          
Settlement for any Ordinary Shares purchased pursuant to the Offering will be   
made five business days following the announcement of pricing and allocations   
through STRATE. Uncertificated securities tax at the rate of 0.25% will be      
payable by the purchaser. The South African Rand purchase price payable by      
purchasers of Ordinary Shares will be set by reference to the US dollar purchase
price set by way of the bookbuilding, and converted at the foreign exchange rate
as determined by the Joint Bookrunners.                                         
Settlement for any ADSs purchased pursuant to the Offering will be in US dollars
and will be made through DTC three business days following the announcement of  
pricing and allocations.                                                        
Cazenove has advised Lonmin in relation to the disposal of its stake in         
AngloGold Ashanti.                                                              
Contacts:                                                                       
Lonmin                                                                          
John Robinson, Finance Director                        +44 20 7201 6000         
Anthony Cardew/Olivia Gallimore - CardewChancery       +44 20 7930 0777         
Cazenove                                                                        
Michael Wentworth-Stanley                              +44 20 7588 2828         
Jonathan Wilcox                                        +44 20 7588 2828         
JP Morgan Securities Ltd                                                        
Ian Hannam                                             +44 20 7325 1000         
Arjun Khullar                                          +44 20 7325 1000         
This announcement has been issued by, and is the sole responsibility of, Lonmin.
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.  Any 
investment or investment activity to which this announcement or the Offering    
relates is available only to relevant persons and will be engaged in only with  
relevant persons.  As regards all persons other than relevant persons, the      
details of the Offering and bookbuilding set out in this announcement are for   
information purposes only.                                                      
Cazenove & Co. Ltd and JP Morgan Securities Ltd. are acting for Lonmin Plc and  
no one else in connection with the offer 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.                      
This announcement is not an offer for sale of the securities in the United      
States, and the securities may not be sold in the United States absent          
registration or an exemption from registration under the U.S. Securities Act of 
1933, as amended.  Any public offering of the securities to be made in the      
United States will be made by means of a prospectus that may be obtained from   
Lonmin and that will contain detailed information about AngloGold Ashanti and   
its management, as well as financial statements.                                
This announcement is not for distribution directly or indirectly in or into the 
United States, Canada, Australia, Japan, France, New Zealand or the Republic of 
Ireland.  This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire ordinary shares in the capital of    
AngloGold Ashanti in the United States, Canada, Australia, Japan, France, New   
Zealand or the Republic of Ireland or any jurisdiction in which such an offer or
solicitation is unlawful. No public offering of securities will be made in the  
United Kingdom or the Republic of South Africa.                                 
Johannesburg                                                                    
17 June 2004                                                                    
Sponsor                                                                         
Cazenove                                                                        
Date: 17/06/2004 12:00:41 PM Supplied by www.sharenet.co.za                     
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