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LON - Lonmin Plc - Acquisition of AfriOre

Release Date: 18/12/2006 09:00
Code(s): LON
Wrap Text

LON - Lonmin Plc - Acquisition of AfriOre 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") 18 December 2006 Acquisition of AfriOre - South African Competition Commission`s unconditional approval received Lonmin Plc is pleased to announce that it has received unconditional approval from the South African Competition Commission following its application of 24 November 2006 for approval of the proposed transaction with AfriOre Limited. Enquiries: Alex Shorland-Ball +44 (0) 20 7201 6060 Vice President, Investor Relations & Communications Forward Looking Statements: This announcement includes forward-looking statements. Information contained in this announcement relating to AfriOre has been compiled from public sources. All statements other than statements of historical fact included in this announcement, including without limitation those regarding Lonmin`s plans, objectives and expected performance, are forward-looking statements. Lonmin has based these forward-looking statements on its current expectations and projections about future events, including numerous assumptions regarding its present and future business strategies, operations, and the environment in which it will operate in the future. Forward-looking statements generally can be identified by the use of forward-looking terminology such as `ambition`, `may`, `will`, `could`, `would`, `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, including, among other factors: (1) the risk that the businesses of Lonmin and AfriOre will not be integrated successfully; (2) material adverse changes in economic conditions generally or in relevant markets or industries in particular; (3) fluctuations in demand and pricing in the mineral resource industry and fluctuations in exchange rates; (4) future regulatory and legislative actions and conditions affecting Lonmin`s and AfriOre`s operating areas; (5) obtaining and retaining skilled workers and key executives; and (6) acts of war and terrorism. By their nature, forward-looking statements involve risks, uncertainties and assumptions and many relate to factors which are beyond Lonmin`s control, such as future market conditions and the behaviour of other market participants. 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 that Lonmin will achieve any results set out in such statements or that the underlying assumptions used will in fact be the case. Other than as required by applicable law or the applicable rules of any exchange on which Lonmin`s securities may be listed, Lonmin has no intention or obligation to update or revise any forward- looking statements included in this announcement after the release of this announcement. Date: 18/12/2006 09:00:04 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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