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LON - Lonmin - Completion of Wage Negotiations

Release Date: 04/12/2009 14:18
Code(s): LON
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LON - Lonmin - Completion of Wage Negotiations 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") 4 December 2009 Lonmin Plc Result of Rights Issue Completion of Wage Negotiations Lonmin Plc ("Lonmin") announces that it has completed a two year wage agreement with the National Union of Mine Workers in respect of its Marikana operations. Employees will receive a 10% wage increase during the first year of the agreement, which will be back-dated to 1 October 2009. In the second year of the wage agreement, employees will be eligible to receive a CPI (Consumer Price Index) plus 2% wage increase. In addition, certain minimum rates of pay will be increased over the life of the wage agreement. Furthermore, in November 2009, Lonmin concluded a one year wage agreement with Solidarity, under the terms of which employees will receive a 9.5% wage increase for the 2010 financial year. Mahomed Seedat, Chief Operating Officer, commented: `We are pleased to have successfully concluded these wage negotiations. This was achieved as a result of the concerted efforts of the negotiating teams involved, representing Lonmin and all of the recognised unions, to finalise the agreements. We are grateful to them for the constructive manner in which they carried out and concluded these negotiations.` - Ends - ENQUIRIES: Investors / Analysts: Rob Gurner + 44 (0) 207 201 6050 Head of Investor Relations Media: Cardew Group + 44 (0) 207 930 0777 Anthony Cardew / Rupert Pittman Financial Dynamics + 27 (0) 11 214 2400 Dani Cohen / Ravin Maharaj Date: 04/12/2009 14:18:18 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.

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