LONRHO PLC - Lonrho?s recently listed aviation division, Rubicon Diversified Investments Plc , announces GBP5.5 million

Lonrho’s recently listed aviation division, Rubicon Diversified Investments Plc , announces GBP5.5 million

Lonrho Plc
(Formerly Lonrho Africa Plc)
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
(“Lonrho” or “the Company”)


                                                    LONRHO PLC

                                             ('Lonrho' or the 'Company')

Lonrho’s recently listed aviation division, Rubicon Diversified Investments Plc (“Rubicon”), announces £5.5
million placing and signed Head of Terms for £5 million Equity Financing Facility

Rubicon (AIM:RUBI), Lonrho’s newly listed aviation division, today announced that it has raised £5.5 million by way of
a placing (the "Placing") of 137,500,000 new ordinary shares (the "Placing Shares") at 4 pence per share with
institutional and corporate investors. The proceeds of the Placing will be used to further Rubicon’s proposed launch of
FastJet in Africa and for general working capital purposes.

Application has been made for the Placing Shares to be admitted to trading on AIM, which is expected to occur on 2
August 2012 (“Admission”).

The Placing Shares will represent approximately 9.5 per cent of the issued ordinary share capital of Rubicon as
enlarged by the Placing. Following Admission, Lonrho’s interest in Rubicon will be reduced from 74.9 per cent to 67.6
per cent of Rubicon’s issued ordinary share capital.

Rubicon has also signed Heads of Terms with Henderson Global Investors’ subsidiary, Darwin Strategic Limited
("Darwin"), for the provision of a £5 million Equity Financing Facility ("EFF") over a period of 36 months. Darwin is a
majority owned subsidiary of Henderson Global Investors' Alphagen Volantis fund. A further announcement will be
made describing the terms of the EFF in more detail, once the final agreement has been entered into.

Ed Winter, Rubicon CEO, commented:

"The additional funding will strengthen Rubicon’s balance sheet and should increase the ability to lease aircraft on
better commercial terms and assist with the roll-out of the Airbus A319 fleet in Africa. The first A319 is scheduled for
delivery in October.”

Enquiries:
Lonrho Plc       +44 (0) 20 7016 5105
David Lenigas
Geoffrey White
David Armstrong
FTI Consulting           +44 (0) 20 7831 3113
Edward Westropp
Georgina Bonham
Jefferies Hoare Govett      +44 (0) 20 7029 8000
Sara Hale
Harry Nicholas
Simon Brown

24 July 2012

South African sponsor
Java Capital

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