LON - Lonmin - Acquisition of AfriOre - Offer expires successfully

LON - Lonmin - Acquisition of AfriOre - Offer expires successfully              
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 Expires Successfully                             
Remaining Shares to be Redeemed                                                 
Lonmin Plc (``Lonmin``) today announces the successful completion of its offer  
(the "Offer") to acquire all of the issued and outstanding common shares (the   
"Shares") in the capital of AfriOre Limited ("AfriOre"), which expired at 1:00  
p.m. (Toronto time) on 8 February 2007.                                         
Lonmin has today taken up an additional 1,315,270 Shares in accordance with     
the Offer (including 132,337 Shares tended by Notice of Guaranteed Delivery),   
bringing the total number of Shares taken up by Lonmin under the Offer to       
50,752,450, representing approximately 96.5% of the aggregate number of Shares  
issued and outstanding.  The Shares taken up by Lonmin today will be paid for   
within the prescribed time period.                                              
As Lonmin has acquired over 90% of the Shares, in accordance with the laws of   
the British Virgin Islands, Lonmin has today issued a notice to AfriOre         
requiring AfriOre to redeem the remaining Shares not held by Lonmin (the        
"Minority Shares").  It is expected that AfriOre will send a notice of the      
redemption to the remaining shareholders shortly.  Following the completion of  
the redemption procedure, which is expected to occur on 16 February 2007,       
Lonmin will be the sole shareholder of AfriOre.  AfriOre has already announced  
plans to cancel its listing on the Alternative Investment Market of the London  
Stock Exchange, and it is expected that AfriOre will also request that its      
Shares be delisted from trading on the Toronto Stock Exchange immediately       
after the redemption of the Minority Shares has been completed.                 
09 February 2007                                                                
Enquiries:                                                                      
Alex Shorland-Ball                 +44 (0) 20 7201 6060                         
Vice President, Investor Relations & Communications                             
Forward Looking Statements:                                                     
This announcement may include forward-looking statements. 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 or licensing;   
(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: 09/02/2007 07:25:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.