Lonmin Plc - Lonmin Completes Compulsory Acquisition Of Remaining Shares Of

Lonmin Plc - Lonmin Completes Compulsory Acquisition Of Remaining Shares Of     
Southern Platinum                                                               
Lonmin Plc                                                                      
Share code:    LON Isin: GB0031192486                                           
LONMIN COMPLETES COMPULSORY ACQUISITION OF REMAINING SHARES OF SOUTHERN PLATINUM
LONDON, ENGLAND and TORONTO, ONTARIO - July 29, 2005 - Lonmin Investments Canada
Inc. ("Lonmin Investments") and Southern Platinum Corp. ("Southern Platinum")   
announce that on June 28, 2005 Lonmin Investments became the sole shareholder of
Southern Platinum following the completion of statutory compulsory acquisition  
proceedings pursuant to the provisions of the Canada Business Corporations Act. 
As a result of the compulsory acquisition, Lonmin Investments acquired all of   
the common shares ("SPC Shares") in the capital of Southern Platinum which      
Lonmin Investments did not previously own. Lonmin Investments had previously    
acquired approximately 85,090,000 SPC Shares pursuant to its takeover bid that  
concluded on June 28, 2005, representing approximately 97% of the aggregate     
number of issued and outstanding SPC Shares and approximately 91% of the SPC    
Shares on a fully diluted basis. In connection with the compulsory acquisition, 
the SPC Shares were delisted from the Toronto Stock Exchange at the close of    
trading on July 26, 2005.                                                       
On July 29, 2005, after the completion of the compulsory acquisition, Southern  
Platinum effected a share reclassification (the "Reclassification") whereby each
issued and outstanding SPC Share was changed into a preferred share of Southern 
Platinum redeemable by Southern Platinum or the holder thereof for a redemption 
price of $2.66 per preferred share. Lonmin Investments also subscribed for and  
holds all of the shares outstanding of a newly created class of common shares of
Southern Platinum. As a result of the Reclassification, the terms of the Toronto
Stock Exchange-listed warrants outstanding under the warrant indenture of       
November 17, 2003 entered into by SouthernEra Diamonds Inc., Southern Platinum  
and Computershare Trust Company of Canada were amended as of July 29, 2005 and  
Southern Platinum was released from all of its obligations in respect of such   
warrants.                                                                       
Southern Platinum and Lonmin Investments intend to amalgamate on August 1, 2005 
with the surviving corporate entity to be named Lonmin Investments Canada Inc., 
which will be a whollyowned subsidiary of Lonmin Plc. The amalgamated company   
will apply to Canadian securities regulatories to cease to be a reporting issuer
under the securities laws in all applicable provinces of Canada.                
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 forwardlooking 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 forwardlooking statements. In addition, the    
inclusion of such forward-looking statements should under no circumstances be   
regarded as a representation by Lonmin Plc, Lonmin Investments or Southern      
Platinum 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 Investments and Southern Platinum:                                       
Alex Shorland-Ball, Vice President Investor Relations & Communications, Lonmin  
Plc -                                                                           
+44 20 7201 6060                                                                
Media Enquiries:                                                                
United Kingdom:                                                                 
Nadja Vetter, 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: 29/07/2005 12:10:11 PM Supplied by www.sharenet.co.za                     
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