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Lonmin - Rule 2.10 Announcement

Release Date: 20/02/2006 07:21
Code(s): LON
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Lonmin - Rule 2.10 Announcement Lonmin Plc (Incorporated in England and Wales) (Registered in the Republic of South Africa under registration number 1969/000015/10) JSE code: LON Issuer Code: LOLMI & ISIN: GB0031192486 ("Lonmin") Lonmin plc - Rule 2.10 Announcement 17 February 2006 Lonmin plc ("Lonmin") announces, in accordance with Rule 2. 10 of the City Code on Takeovers and Mergers, that as at the close of business on 17 February 2006 it had the following securities in issue: 142,280,656 ordinary shares of US$1 each. The ISIN reference number for these securities is GB0031192486. (The ISIN reference number for American Depository Shares (1 ADS representing 1 ordinary share) is US54336Q2030.) 3.75% dollar denominated convertible bonds 2008 totalling US$215,795,000. The ISIN reference number for these securities is XS0177384962. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Lonmin, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which any offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of Lonmin, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of Lonmin by any potential offeror or Lonmin, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel"s website at www.thetakeoverpanel.org.uk "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel"s website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel. END Date: 20/02/2006 07:21:35 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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