Sharenet Sites 
Sharenet Sites
LON - Lonmin Plc - Director And PDMR Shareholdings 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") 28 DECEMBER 2006 DIRECTOR AND PDMR SHAREHOLDINGS Lonmin Plc (the `Company`) received notice on 27 December 2006 that under the terms of the Company`s Deferred Annual Bonus Plan (the `Plan`) the trustees of the Company`s employee benefit trust (the `Trustees`) have advised the Company that they have bought shares in the Company on either the London or Johannesburg Stock Exchanges on behalf of the following Directors and Persons Discharging Managerial Responsibility (`PDMRs`). Under the rules of the Plan the Trustees are obliged to make a conditional Matched Award over a number of shares which, after local taxation, would equal the number purchased on behalf of the individual participant. Accordingly, on 22 December 2006 the Trustees granted Matched Awards over shares in the Company as shown in the tables: Director Date of purchase Price paid Number of Number of per share shares shares purchased comprised in
Matched Award Brad Mills 15 December 2006 3152.8926p 9,847 16,690 Ian Farmer 15 December 2006 3152.8926p 1,270 2,152 John 15 December 2006 3152.8926p 1,406 2,384 Robinson PDMR Date of purchase Price paid Number of Number of per share shares shares purchased comprised in
Matched Award Rob 15 December 2006 3152.8926p 571 967 Bellhouse Lee 15 December 2006 3152.8926p 336 569 Johnson Alex 15 December 2006 3152.8926p 615 1,042 Shorland- Ball Mian 15 December 2006 3152.8926p 263 439 Khalil Alistair 15 December 2006 3152.8926p 2,933 4,888 Ross Alan 18 December 2006 ZAR 411 685 Keeley 423.6769 Simo 18 December 2006 ZAR 225 374 Lushaba 423.6769 Ricus 18 December 2006 ZAR 568 947 Grimbeek 423.6769 The vesting of the Matched Awards is dependent on satisfaction of a performance condition which comprises 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 re- investment), with no provision for re-testing. None of the RTSR-based part of the Matched Award will vest for performance below the median of the group, the vesting schedule thereafter being as follows: 50th percentile 50% vesting 62.5th percentile 75% vesting 75th percentile 100% vesting with straight-line interpolation between these levels. 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 2009. There will be no re-testing and no part of the EBIT-based Matched Award will vest for performance less than threshold. Threshold 50% vesting Target 75% vesting Stretch 100% vesting with straight-line interpolation between these levels. For reasons of commercial sensitivity, the targets are not disclosed, but the Remuneration Committee believes that they should prove stretching, yet realistic. The Remuneration Committee also 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: 28/12/2006 14:35:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.
