LONMIN PLC - QUARTERLY PRODUCTION REPORT

LONMIN PLC - QUARTERLY PRODUCTION REPORT                                        
Lonmin plc                                                                      
("Lonmin")                                                                      
Reg no: 1969/000015/10                                                          
Code: LON                                                                       
ISIN: GB0031192486                                                              
1 February 2005                                                                 
Lonmin presents quarterly results for the first time and intends in the         
future to update the market on a quarterly basis.                               
Mining                                          Quarter to     Quarter to       
                                                Dec-04         Dec-03           
Tons milled (excluding slag)  underground       2,737,105      2,863,609        
                              opencast          761,367        758,592          
                              Total             3,498,472      3,622,201        
Tons mined                    underground       2,792,646      2,905,065        
opencast          689,744        533,208          

                              Total             3,482,390      3,438,273        
Mine tonnage production for the first quarter was in line with last year        
with a slightly higher proportion of opencast ore to underground ore due to     
the commencement of mining of the Merensky opencast.                            
Metallurgy                                      Quarter   Quarter               
                                                to Dec-   to Dec-               
                                                04        03                    
Noble metals in matte                       kg  10,054    12,502                
Refined production of           platinum    oz  149,066   142,160               
                                palladium   oz  64,615    64,044                
                                rhodium     oz  16,141    12,922                
Total PGMs  oz  275,339   253,679               

Noble metals in matte were reduced versus last year due to smelter              
constraints.  Stocks of PGMs increased by some 3,000 kgs of PGMs.  Refined      
production during the quarter was ahead of last year due to PGM concentrate     
stocks being processed prior to the smelter incident.                           
Sales                                           Quarter to     Quarter to       
                                                Dec-04         Dec-03           
                                platinum    oz  142,061        180,313          
palladium   oz  60,758         72,156           

                                rhodium     oz  18,014         28,537           
                                Total PGMs  oz  275,604        350,533          
Sales of PGMs were in line with production as compared to the 1st quarter       
of 2003 when there was significant reduction of finished metal stocks.          
Prices                                          Quarte Quarte                   
                                                r to   r to                     
                                                Dec-04 Dec-03                   
Average price received per      platinum    R   4,910  4,982                    
ounce                                                                           
                                            $   833    751                      
                                palladium   R   1,238  1,295                    
$   209    196                      

                                rhodium     R   7,149  3,138                    
                                            $   1,206  478                      
The average basket price realised in 2004 at US$18,653 was 25% ahead of the     
price achieved in 2003.                                                         
Exchange Rate                                       Quarter    Quarter          
                                                    to Dec-04  to Dec-03        
Average exchange rate           Sterling    GBP/$   1.89       1.74             
SA Rand     R/$     5.87       6.65             

Closing exchange rates          Sterling    GBP/$   1.92       1.79             
                                SA Rand     R/$     5.69       6.68             
The Rand continued to strengthen during the period with a 15% movement in       
the period-end rate                                                             
and a 12% appreciation in the average rate achieved.                            
The current outlook for the year as a whole remains in line with the            
guidance provided to the market                                                 
in the press release on 17 December 2004.                                       
End                                                                             
Press enquiries:    John Robinson, Lonmin Plc           +44 (0)20 7201 6034     
                    Anthony Cardew, Cardew Group       +44 (0)20 7930 0777      
This press release is available on www.lonmin.com           

Date: 01/02/2005 03:45:06 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department