LAF - Lonrho Plc - Result of firm placing and placing and open offer

LAF - Lonrho Plc - Result of firm placing and placing and open offer            
LONRHO PLC                                                                      
(Incorporated and registered in England and Wales)                              
(Registration number 2805337)                                                   
(Share code: LAF; ISIN number: GB0002568813                                     
("Lonrho" or "the Company")                                                     
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE,       
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR 
INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN AND THE REPUBLIC OF SOUTH      
AFRICA AND SHOULD NOT BE DISTRIBUTED IN, FORWARDED TO OR TRANSMITTED INTO ANY   
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL APPLICABLE    
SECURITIES LAWS OR REGULATIONS.                                                 
ALL DEFINED TERMS USED IN THIS ANNOUNCEMENT HAVE THE MEANING GIVEN TO THEM IN   
THE PROSPECTUS PUBLISHED BY THE COMPANY ON 13 DECEMBER 2011, UNLESS OTHERWISE   
DEFINED HEREIN.                                                                 
RESULT OF FIRM PLACING AND PLACING AND OPEN OFFER                               
On 13 December 2011, the Board of Directors of Lonrho Plc ("Lonrho" or the      
"Company") announced details of the Firm Placing and Placing and Open Offer of  
New Ordinary Shares to raise gross proceeds of approximately GBP26.9 million    
through the issue of 161,280,925 Firm Placing Shares and 108,217,870 Open Offer 
Shares pursuant to the Firm Placing and Placing and Open Offer, both at an issue
price of 10 pence per New Ordinary Share.  The Open Offer Shares made available 
pursuant to the Placing were subject to clawback to satisfy valid applications  
by Qualifying Shareholders pursuant to the Open Offer. The Firm Placing Shares  
were not subject to clawback and were not part of the Open Offer.               
The Open Offer closed for acceptance at 11.00 a.m. on 30 December 2011. The     
Company announces that it has received valid acceptances in respect of          
22,534,994 New Ordinary Shares from Qualifying Shareholders, representing       
approximately 20.8 per cent. of the New Ordinary Shares offered under the Open  
Offer. The remaining Open Offer Shares have been allocated to Firm Placees with 
whom they had been conditionally placed under the terms of the Firm Placing.    
The Firm Placing and Placing and Open Offer are conditional, amongst other      
things, upon Admission occurring by no later than 8:00 a.m. on 4 January 2012   
(or such later time and/or date as the Company and Panmure Gordon may agree).   
Application has been made to the UKLA for the New Ordinary Shares to be admitted
to the premium segment of the Official List and to the London Stock Exchange for
the New Ordinary Shares to be admitted to trading on the London Stock Exchange`s
main market for listed securities. The New Ordinary Shares will rank pari passu 
in all respects with the Existing Ordinary Shares. It is expected that Admission
will become effective and that dealings in the New Ordinary Shares will commence
at 8:00 a.m. on 4 January 2012.                                                 
The New Ordinary Shares (in uncertificated form) are expected to be credited to 
CREST accounts on or around 8.00 a.m. on 4 January 2012 and definitive share    
certificates for the New Ordinary Shares are expected to be despatched to       
certificated shareholders by the seventh day following Admission.               
Enquiries                                                                       
Lonrho Plc                            +44 (0) 20 7016 5105                      
David Lenigas                                                                   
Geoffrey White                                                                  
David Armstrong                                                                 
                                                                                
Panmure Gordon                        +44 (0) 20 7459 3600                      
Tim Linacre                                                                     
Dominic Morley                                                                  
Adam Pollock                                                                    
Hannah Woodley                                                                  
                                                                                
Pelham Bell Pottinger                 +44 (0) 20 7861 3232                      
Gavin Davis                                                                     
Charles Goodwin                                                                 
Charlie Harrison                                                                
Neither the content of Lonrho`s website nor any website accessible by hyperlinks
to Lonrho`s website is incorporated in, or forms part of, this announcement. The
distribution of this announcement, the Prospectus and any other documentation   
associated with the Capital Raising into jurisdictions other than the United    
Kingdom may be restricted by law. Persons into whose possession these documents 
come should inform themselves about and observe any such restrictions. Any      
failure to comply with these restrictions may constitute a violation of the     
securities laws of any such jurisdiction. In particular, such documents should  
not be distributed, forwarded to or transmitted, directly or indirectly, in     
whole or in part, in or into any Prohibited Territory.                          
No action has been taken by Lonrho or any other person that would permit an     
offer of the New Ordinary Shares or possession or distribution of this          
announcement, the Prospectus or any other documentation or publicity material or
the Application Forms in any jurisdiction where action for that purpose is      
required, other than in the United Kingdom.                                     
The New Ordinary Shares are being offered and sold outside the US in reliance on
Regulation S under the US Securities Act of 1933. The New Ordinary Shares have  
not been approved or disapproved by the US Securities and Exchange Commission,  
any state securities commission in the US or any other US regulatory authority, 
nor have any of the foregoing authorities passed upon or endorsed the merits of 
the offering of the New Ordinary Shares or the accuracy or adequacy of the      
Prospectus or this document. Any representation to the contrary is a criminal   
offence in the US.                                                              
The New Ordinary Shares have not been and will not be registered under the US   
Securities Act of 1933, the relevant laws of any state of the United States or  
the relevant laws of any state, province or territory of any of the other       
Prohibited Territories and may not be offered, sold, resold, taken up,          
transferred, delivered or distributed, directly or indirectly, within the United
States or any other Prohibited Territory except pursuant to an applicable       
exemption from registration requirements. There will be no public offer of New  
Ordinary Shares in the United States or any other Prohibited Territory.         
This announcement is for information purposes only and does not constitute or   
form part of any offer to issue or sell, or the solicitation of an offer to     
acquire, purchase or subscribe for, any securities in any jurisdiction and      
should not be relied upon in connection with any decision to subscribe for or   
acquire any of the New Ordinary Shares. In particular, this announcement does   
not constitute or form part of any offer to issue or sell, or the solicitation  
of an offer to acquire, purchase or subscribe for, any securities in the United 
States.                                                                         
This announcement has been issued by, and is the sole responsibility of, the    
Company. No person has been authorised to give any information or to make any   
representations other than those contained in this announcement and, if given or
made, such information or representations must not be relied on as having been  
authorised by Lonrho or Panmure Gordon. Subject to the Listing Rules, the       
Prospectus Rules and the Disclosure and Transparency Rules, the issue of this   
announcement shall not, in any circumstances, create any implication that there 
has been no change in the affairs of the Group since the date of this           
announcement or that the information contained in it is correct at any          
subsequent date.                                                                
Panmure Gordon, who is authorised and regulated in the UK by the Financial      
Services Authority, is acting for Lonrho and no one else in connection with the 
Capital Raising and will not regard any other person (whether or not a recipient
of this announcement) as a client in relation to the Capital Raising and will   
not be responsible to anyone other than Lonrho for providing the protections    
afforded to its clients or for providing advice in relation to the Capital      
Raising or any matters referred to in this announcement.                        
Apart from the responsibilities and liabilities, if any, which may be imposed on
Panmure Gordon by the Financial Services and Markets Act 2000, Panmure Gordon   
does not accept any responsibility whatsoever for the contents of this          
announcement, and makes no representation or warranty, express or implied, for  
the contents of this announcement, including its accuracy, completeness or      
verification, or for any other statement made or purported to be made by it, or 
on its behalf, in connection with Lonrho or the New Ordinary Shares or the      
Capital Raising, and nothing in this announcement is or shall be relied upon as,
a promise or representation in this respect whether as to the past or future.   
Panmure Gordon accordingly disclaims to the fullest extent permitted by law all 
and any liability whether arising in tort, contract or otherwise (save as       
referred to above) which it might otherwise have in respect of this announcement
or any such statement.                                                          
No statement in this announcement is intended to be a profit forecast and no    
statement in this announcement should be interpreted to mean that earnings per  
share of Lonrho for the current or future financial years would necessarily     
match or exceed the historical published earnings per share of Lonrho.          
03 January 2012                                                                 
South African sponsor                                                           
Java Capital                                                                    
Date: 03/01/2012 09:00:11 Supplied by www.sharenet.co.za                     
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