Lonmin Plc - Notification of Transactions of Directors and PDMRs

Lonmin Plc - Notification of Transactions of Directors and PDMRs                
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")                                                                      
29 September 2006                                                               
Lonmin Plc                                                                      
Notification of Transactions of Directors and Persons Discharging Managerial    
Responsibilities ("PDMRs")                                                      
Pursuant to DR 3.1.4 R and in accordance with the rules of the Long Term        
Incentive Plan ("LTIP") contained within the Lonmin Plc Shareholder Value       
Incentive Plan, the PDMR listed below was today granted a LTIP Award.           
PDMRs          Position                No. of shares                            
Mian Khalil    Executive Vice          30,000                                   
               President - Capital                                              
               Programmes                                                       
The LTIP Award will normally vest on the third anniversary of the award         
date.  The proportion of an award that vests will be dependent on               
satisfaction of a performance condition comprised of two objective tests,       
assessed independently of each other.                                           
One half of the award is based on Relative TSR, comparing the total return      
accruing to Lonmin shareholders with that of 20 companies selected from the     
mining and metals sector over a three-year period (assuming dividend            
reinvestment), with no provision for re-testing. None of the RTSR-based part    
of the LTIP Award will vest for performance below the median of the group,      
the vesting schedule thereafter being as follows:                               
50th percentile                      35% vesting                                
75th percentile                      60% vesting                                
90th percentile                    100% vesting                                 
Between these targets, a straight-line sliding scale operates.                  
The other half of the award is based on EBIT (Earnings Before Interest and      
Tax) by reference to the Company"s audited EBIT performance for the year        
ended 30 September 2008.  There will be no re-testing and no part of the        
EBIT-based LTIP Award will vest for performance less than $775m.  The           
vesting schedule thereafter is as follows:                                      
2008 EBIT ($m)                                                                  
775                     35% vesting                                          
1,000                      63% vesting                                          
1,250                    100% vesting                                           
Between these targets, a straight-line sliding scale operates.                  
The Remuneration Committee believes that this combination of measures fully     
aligns the interests of the executives and senior managers who participate      
in the Plan with both the strategic objectives of the Company and the           
interests of its shareholders.                                                  
END                                                                             
Date: 29/09/2006 05:55:02 PM Supplied by www.sharenet.co.za                     
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