Lonmin Plc - Redemption of convertible bonds

Lonmin Plc - Redemption of convertible bonds                                    
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")                                                                      
Redemption of convertible bonds                                                 
Lonmin Plc ("Lonmin") will today issue notice of redemption in respect of the   
US$215,795,000 3.75 per cent. Convertible Bonds due 2008 (the "Bonds"), the     
effect of which is that all such Bonds will be redeemed for cash on 18          
December 2006 unless holders of the Bonds exercise their right of conversion.   
The aggregate principal amount of the Bonds outstanding is US$199,455,000.      
Holders of bonds have until the close of business in London on 12 December      
2006 to avoid redemption by converting bonds into Lonmin ordinary shares at a   
conversion price of GBP12.3277 per share, being US$20.4023 based on the fixed   
exchange rate of US$1.655 = GBP1 provided for in the Conditions of the Bonds.   
For ease of reference, the holder of $1,000 worth of Bonds (being the minimum   
denomination) would have the right to receive 49.0141 new ordinary shares in    
Lonmin Plc.   Taking into account fractions, full conversion would require the  
issue of 9,776,109 ordinary shares, meaning that the total number of ordinary   
shares in issue assuming full conversion will be 154,052,372.                   
15 November 2006                                                                
Enquiries:                                                                      
Alex Shorland-Ball                      +44 (0)207 201 6060                     
Vice President,                                                                 
Investor Relations & Communications                                             
Date: 15/11/2006 09:06:25 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department