Lonmin Plc - Acquisition of AfriOre - Offer Successful

Lonmin Plc - Acquisition of AfriOre - Offer Successful                          
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")                                                                      
Acquisition of AfriOre - Offer Successful                                       
Lonmin Plc (``Lonmin``) today announces that the conditions of its offer (the   
"Offer") to acquire all of the issued and outstanding common shares (the        
"Shares") in the capital of AfriOre Limited ("AfriOre") for cash consideration  
of C$8.75 per Share have been complied with or waived.                          
Lonmin has been advised that, as of 5:00 p.m. (Toronto time) on January 26,     
2007, approximately 49.4 million Shares, representing approximately 94% of the  
aggregate number of Shares issued and outstanding and approximately 87% of the  
Shares on a fully diluted basis, have been tendered (or guaranteed for delivery)
to the Offer.  Lonmin has taken up these Shares and will pay for such Shares by 
January 31, 2007.                                                               
In order to permit shareholders of AfriOre who have not had the opportunity to  
tender their Shares (and be paid the consideration) under the Offer to do so,   
Lonmin has extended the Offer to 1:00 p.m. (Toronto time) on February 8, 2007.  
A notice of extension has been mailed out to shareholders today.                
For further information about tendering procedures or the Lonmin offer,         
shareholders of AfriOre may contact Innisfree M&A Incorporated at 1-888-750-5834
(English speakers in Canada and U.S.), 1-877-825-8777 (French speakers in Canada
and U.S.) or 00800-7710-9970 (from the United Kingdom and other European Union  
countries as well as Switzerland and Norway). Banks and brokers may call collect
at 1-212-750-5833.                                                              
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: 29/01/2007 07:52:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.