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Lonmin - Offer Udate

Release Date: 09/06/2005 08:00
Code(s): LON
Wrap Text

Lonmin - Offer Udate Lonmin Plc - Isin Code: GB0031192486 Share code: LON SA Competition Tribunal clears Lonmin offer for Southern Platinum Toronto, Ontario - June 8, 2005 - Lonmin Investments Canada Inc. ("Lonmin"), a wholly owned subsidiary of Lonmin Plc (LSE:LMI: LMI), announces today that the South African Competition Tribunal has cleared its offer dated April 14, 2005 (the "Offer") to purchase all of the issued and outstanding common shares (the "Shares") in the capital of Southern Platinum Corp. ("SPC") (TSX:SPC: SPC) at a price of C$2.66 in cash per Share. The Offer remains subject to certain other conditions as set out in Section 4 of the Offer "Conditions of the Offer". Lonmin and SPC continue to work to satisfy the remaining conditions to the Offer that have not been fully satisfied to date. The Offer is open for acceptances until 5:00 p.m. (Toronto time) on June 10, 2005. However, Lonmin reserves the right to withdraw, amend or extend the Offer as permitted by applicable law. ******************************* This press release includes forward-looking statements. All statements other than statements of historical fact included in this press release, and all statements regarding plans, objectives and expected performance, are forward- looking statements. These forward-looking statements have been based on current expectations and projections about future events, including numerous assumptions. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "ambition", "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "plan", "seek" or "continue" or negative forms or variations of similar terminology. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors related to Lonmin Plc, Lonmin and Southern Platinum Corp. Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in forward-looking statements. Given these risks, uncertainties and assumptions, you are cautioned not to put undue reliance on any forward-looking statements. In addition, the inclusion of such forward-looking statements should under no circumstances be regarded as a representation by Lonmin Plc or Lonmin that either will achieve any results set out in such statements or that the underlying assumptions used will in fact be the case. For Further Information: Lonmin Plc: Ian Farmer, Chief Strategic Officer - +44 (0)20 7201 6004 Albert Jamieson, Vice President, Business Development - +27 11 516 1323 Jack Jones, Vice President, Business Development - +44 (0)20 7201 6007 Southern Platinum Corp: Chris Reynolds, Corporate Secretary - +1 416 359 7800 Media Enquiries: United Kingdom: Nadja Vetter, Anthony Cardew - Cardew Group - +44 (0)20 7930 0777 South Africa: Nicholas Williams, Johannes van Niekerk - College Hill - +27 11 447 3030 Canada: John Lute - Lute & Company - +1 416 929 5883 ext 222 Date: 09/06/2005 08:00:14 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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