LONMIN Plc - Completion

LONMIN Plc - Completion                                                         
LONMIN Plc                                                                      
(Incorporated in the United Kingdom)                                            
Share code : LON                                                                
ISIN code :  GB0031192486                                                       
("Lonmin")                                                                      
Lonmin increases Lonplats stake and funds Incwala equity participation          
Lonmin Plc ("Lonmin") announces the completion of its acquisition of an         
additional 9.1% of the shares in each of Western Platinum Limited and Eastern   
Platinum Limited (together "Lonplats") and the financing of equity participation
in Incwala Resources (Proprietary) Limited ("Incwala").  The shares in Lonplats 
were acquired from Gazelle Platinum Limited (a wholly-owned subsidiary of Impala
Platinum Holdings Limited ("Implats").                                          
Sir John Craven, Chairman commented:  "This is a breakthrough for Lonmin.  The  
Principals" Agreement, which previously gave Implats the right, upon a change of
control of Lonmin, to purchase additional equity in Lonplats which would have   
given it control of Lonplats, has now been formally terminated.  The termination
of the Principals" Agreement is expected to have an important and beneficial    
impact on our competitive position and enhance shareholder value."              
Lonmin"s Chief Executive, Brad Mills, said:  "We have taken an initiative which 
will enable us to make a positive contribution to the reform of the South       
African mining industry through the creation of Incwala which will provide us   
with a strategic partnership with a well capitalised black economic empowerment 
investment company.  At the same time we have enhanced our prospects of         
converting our existing mining and prospecting licences into new mining and     
prospecting licences."                                                          
For further details please contact:                                             
John Robinson, Finance Director                     +44 (0)20 7201 6034         
Anthony Cardew/Olivia Gallimore   Cardew Chancery   +44 (0)20 7930 0777         
30 September 2004                                                               
Sponsor                                                                         
Cazenove                                                                        
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