Lonmin Plc - Offer Udate

Lonmin Plc - Offer Udate                                                        
Lonmin Plc                                                                      
Isin Code:  GB0031192486                                                        
Share code:  LON                                                                
LONMIN OFFER FOR SOUTHERN PLATINUM SUCCESSFUL                                   
LONDON, ENGLAND and TORONTO, ONTARIO - June 10, 2005 - Lonmin                   
Investments Canada Inc. ("Lonmin Investments") announces today                  
that the conditions of its offer (the "Offer") to acquire all of                
the issued and outstanding common shares (the "Shares") in the                  
capital of Southern Platinum Corp. (TSX:SPC) have been complied                 
with or waived.  The Offer to acquire the Shares for cash                       
consideration of C$2.66 per Share was made by Lonmin Investments,               
a wholly owned subsidiary of Lonmin Plc (LSE:LMI), pursuant to a                
take-over bid circular (the "Circular") dated April 14, 2005 and                
extended on May 19, 2005 to June 10, 2005.                                      
Lonmin Investments has been advised that, as of 5:00 p.m. (Toronto              
time) on June 10, 2005, 81,027,739 Shares, representing                         
approximately 92.6% of the aggregate number of Shares issued and                
outstanding and approximately 82.8% of the Shares on a fully                    
diluted basis, have been tendered (or guaranteed for delivery) to               
the Offer.  Lonmin Investments has taken up these Shares and will               
pay for such Shares within the prescribed time period under                     
applicable laws.                                                                
In order to allow shareholders who have not had the opportunity to              
tender their Shares (and be paid the consideration) under the                   
Offer to do so, Lonmin Investments has extended the Offer to 5:00               
p.m. (Toronto time) on June 28, 2005.  A notice of extension has                
been mailed to shareholders today.                                              
If the Offer is accepted by holders of not less than 90% of the                 
Shares (as defined in the Canada Business Corporations Act),                    
Lonmin Investments intends to acquire all outstanding Shares not                
tendered to the Offer pursuant to a compulsory acquisition under                
the Canada Business Corporations Act as described in the Circular.              
If less than 90% of the Shares (as defined in the Canada Business               
Corporations Act) are tendered by 5:00 p.m. (Toronto time) on June              
28, 2005, Lonmin Investments intends to proceed with a subsequent               
acquisition transaction as described in the Circular.  Lonmin                   
Investments intends to hold any special meeting of the                          
shareholders of Southern Platinum Corp. required to approve the                 
subsequent acquisition transaction on August 9, 2005.  Upon take                
up and payment of the Shares tendered to the Offer to date, Lonmin              
Investments will hold a number of Shares sufficient to enable all               
required corporate and securities laws approvals to be obtained at              
such special meeting of shareholders and to complete the                        
subsequent acquisition transaction.                                             
****************                                                                
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                     
Investments 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 Investments 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:                                                                     
Alex Shorland-Ball, Vice President Investor Relations &                         
Communications - +44 20 7201 6060                                               
Southern Platinum Corp:                                                         
Chris Reynolds, Corporate Secretary -  +1 416 359 7800                          
Media Enquiries:                                                                
United Kingdom:                                                                 
Nadja Vetter or Anthony Cardew - CardewGroup - +44 (0)20 7930 0777              
South Africa:                                                                   
Johannes van Niekerk - College Hill - +27 11 447 3030 or +27 82                 
921 9110                                                                        
Canada:                                                                         
John Lute - Lute & Company - +1 416 929 5883 ext 222                            
Date: 13/06/2005 08:00:05 AM Supplied by www.sharenet.co.za                     
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