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") 12 DECEMBER 2007 DIRECTOR AND PDMR SHAREHOLDINGS Lonmin Plc (the `Company`) received notice on 11 December 2007 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`) bought shares in the Company, as detailed below, 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, which was approved by shareholders at the Company`s Annual General Meeting in January 2007, the Trustees are obliged to make conditional Matched Awards on a two for one basis in relation to mandatory deferrals of participants` bonuses and further Matched Awards on a one for one basis in relation to voluntary deferrals. Accordingly, on 11 December 2007 the Trustees granted Matched Awards over shares in the Company as shown below in the tables: Director Date of purchase Price Number of Total number of paid per shares shares comprised
share purchased in Matched Awards Brad Mills 5 December 2007 3245p 2,147 5,153 Ian Farmer 5 December 2007 3245p 613 2,076 Alan 5 December 2007 3245p 790 1,783 Ferguson PDMR Date of purchase Price Number of Number of paid per shares shares
share purchased comprised in Matched Awards Rob 5 December 2007 3245p 253 856 Bellhouse Alex 5 December 2007 3245p 87 294 Shorland- Ball Mian Khalil 5 December 2007 3245p 1,602 3,263 Theuns de 5 & 6 December R447.365 997 2,027 Bruyn 2007 1* Albert 5 & 6 December R447.365 344 1,146 Jamieson 2007 1* Marinda van 5 & 6 December R447.365 114 380 der Merve 2007 1* * Weighted average purchase price Half of the shares subject to the Matched Award will normally vest at the end of the performance period, subject to the participant remaining with the Group. One quarter of the shares subject to the Matched Award will vest subject to satisfaction of a Relative Total Shareholder Return performance condition and a further quarter subject to a profit target. Invested Shares acquired with the mandatory bonus deferrals will become forfeitable should the participant leave during the three year performance period (save in certain "good leaver" situations). The RTSR condition compares 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: Threshold 20% vesting Target 70% vesting Stretch 100% vesting with straight-line interpolation between (i) Threshold and Target and (ii) Target and Stretch. The profit condition is based on EBIT (Earnings Before Interest and Tax) by reference to the Company`s audited EBIT performance for the year ended 30 September 2010. There will be no re-testing and no part of the EBIT-based Matched Award will vest for performance less than threshold. Threshold 20% vesting Target 60% vesting Stretch 100% vesting with straight-line interpolation between Threshold and Stretch. 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: 13/12/2007 07:42:13 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
