LAF - Lonrho Plc - Lonrho appoints Jefferies Hoare Govett as financial

LAF - Lonrho Plc - Lonrho appoints Jefferies Hoare Govett as financial          
advisor and broker                                                              
LONRHO PLC                                                                      
(Incorporated and registered in England and Wales)                              
(Registration number 2805337)                                                   
(Share code: LAF; ISIN number: GB0002568813)                                    
("Lonrho" or "the Company")                                                     
LONRHO APPOINTS JEFFERIES HOARE GOVETT AS FINANCIAL ADVISOR AND BROKER          
Lonrho Plc is delighted to announce that it has today appointed Jefferies       
Hoare Govett as Financial Adviser and Corporate Broker to the Company.          
Lonrho announced earlier today that it plans to list its aviation division in   
a separate Plc in conjunction with Sir Stelios Haji-Ioannou and easyGroup.      
As Lonrho does not intend to invest further in the aviation sector, over time   
it will become a more passive, arm`s length, shareholder in the aviation        
business.                                                                       
The focus for Lonrho management moving forward will be on developing the        
Lonrho agriculture and agri-logistics divisions, and the oil services and       
infrastructure division. These are two areas where the Company sees strong      
growth opportunities as the market for both in Africa is developing             
significantly. Both divisions have strong Africa / US linkages. For example,    
the agri division distributes John Deere, and has an increasing percentage of   
its business supplying African produce to US retailers such as Costco and       
Walmart. Furthermore, the majority of customers for the oil services division   
are US based oil service companies supporting the rapidly developing oil        
industry in Africa.                                                             
David Lenigas, Lonrho`s Executive Chairman commented:                           
"Lonrho is seeing strong growth this year and we believe that Jefferies Hoare   
Govett have a good understanding of the opportunities developing in the         
emerging African marketplace combined with an unparalleled presence as a        
broker and financial adviser in the UK and US. Lonrho`s increasing              
participation in businesses that have interaction between the US and Africa     
makes Jefferies Hoare Govett an ideal partner for the Company moving            
forward."                                                                       
Enquiries:                                                                      
Lonrho Plc                    +44 (0) 20 7016 5105                              
David Lenigas                                                                   
Geoffrey White                                                                  
David Armstrong                                                                 
Jefferies Hoare Govett   +44 (0) 20 7029 8000                                   
Sara Hale                                                                       
Harry Nicholas                                                                  
Simon Brown                                                                     
FTI Consulting                +44 (0) 20 7831 3113                              
Edward Westropp                                                                 
Georgina Bonham                                                                 
13 June 2012                                                                    
South African sponsor                                                           
Java Capital                                                                    
Date: 13/06/2012 11:46:53 Supplied by www.sharenet.co.za                     
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