Lonrho completes the separate listing of its airline division, to be renamed a??Fastjeta??

LONRHO PLC
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF ISIN number: GB0002568813)
(a''Lonrhoa'' or a''the Companya'')


Lonrho completes the separate listing of its airline division, to be renamed a''Fastjeta'', and Sir Stelios
         Haji-Ioannoua''s easyGroup Holdings Ltd to become a shareholder in the airline


Lonrho is pleased to announce the successful completion of the acquisition of Lonrhoa''s airline
division by Rubicon Diversified Investments Plc (a''Rubicona'', LN AIM: RUBI) for a transaction value of
US$85.7m, satisfied by the issue of Rubicon ordinary shares to Lonrho.


Lonrho previously announced its intention to separately list its airline division in an RNS dated 13
June 2012 and the transaction was approved at a Rubicon General Meeting today. Rubicon has now
completed the acquisition of Lonrho Aviation and the commencement of dealings on AIM in the
enlarged share capital of Rubicon occurs at 8.00 a.m. on Monday 2 July 2012 (a''Admissiona'').


Following completion of the transaction, Lonrhoa''s holding in the enlarged share capital of Rubicon
will be 1,160,037,455 ordinary shares comprising 73.7%. The listing of the airline division into
Rubicon provides the platform for further development of the airline and Sir Stelios Haji-Ioannou,
the founder of easyJet, has become a shareholder in the enlarged company through his easyGroup
Holdings Limited (a''easyGroupa''). This establishes a solid platform for the future development of the
airline into a low cost carrier for Africa and Rubicon will be renamed to be branded a''Fastjeta'' under
the terms of the easyGroup brand licence agreement. This future development will be managed by a
specialist aviation team assembled by Sir Stelios and to be led by Ed Winter, who will become the
CEO of Rubicon / FastJet.


Ed Winter was previously the CEO of GO, the low cost airline of British Airways, and thereafter the
COO of easyJet for five years. He will join the Fastjet board taking up one of the two Board
appointments to be nominated by Sir Steliosa'' easyGroup.


Lonrho has now completed its investment in the aviation sector and will become a more passive
shareholder in the aviation business as FastJet implements its own strategy of developing the
established Lonrho Aviation route network and operational platforms into the FastJet business
model, delivering a low cost scheduled passenger airline to meet the significant growing demand for
regional travel within Africa.


The focus for Lonrho management moving forwards will be on further developing Lonrhoa''s main
business divisions in the agriculture, agri-logistics and oil and gas support services and infrastructure
sectors.


Lonrho intends to announce its Interim Results on or around Friday 3 August 2012. The Company will
update the market at that time on progress within its remaining core divisions.


Going forward, Lonrho will reflect Rubicona''s financial results within the Companya''s consolidated
financials as a subsidiary undertaking. Rubicon will also report on its results to the market separately
going forward in accordance with AIM rules requirements. Lonrhoa''s interim results will reflect the
impact of a charge for share based payments, in part as a result of completion of the Rubicon
acquisition of Lonrho Aviation on 29 June 2012.
                          - Ends -
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

29 June 2012

South African sponsor
Java Capital

Date: 02/07/2012 07:05:00 Supplied by www.sharenet.co.za                     
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