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LONMIN PLC - Executive Management Update

Release Date: 24/08/2012 08:00
Code(s): LON     PDF:  
Wrap Text
Executive Management Update

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")

Executive Management Update


Ian Farmer, the Chief Executive Officer of Lonmin Plc
(Lonmin), has commenced a course of treatment and it will be
some months before he is able to return to work full-time.

In light of this, the Board of Lonmin has today appointed
Simon Scott, the Chief Financial Officer, as Acting Chief
Executive Officer for the time being. Simon will be supported
by the existing team of Executive VPs at Lonmin and the
Executive Committee, which will continue to include both Roger
Phillimore and Mahomed Seedat.

Roger Phillimore, Chairman of Lonmin said:    “We are grateful
to Simon for assuming these additional responsibilities with
the full support of his top team. I have every confidence in
his leadership especially at this challenging time.”

24 August 2012

ENQUIRIES

Investors / Analysts:
Lonmin
Tanya    Chikanza   (Head    of +44 (0)20 7201 6007
Investor Relations)
Ruli      Diseko      (Investor +27 (0)11 218 8373
Relations Manager)

Media:
Cardew Group
James Clark (London)            +44   (0)20   7930 0777
Emma Crawshaw (London)          +44   (0)20   7930 0777
Alexandra Stoneham (London)     +44   (0)20   7930 0777
Sue Vey (Johannesburg)          +27   (0)72   644 9777
Inzalo                   Communication
(Johannesburg)
Gillian Findlay                           +27 (0)82-330-1477




Notes to editors

About Lonmin:
Lonmin, which is listed on both the London Stock Exchange and
the Johannesburg Stock Exchange, is one of the world’s largest
primary producers of Platinum Group Metals (PGMs). These
metals are essential for many industrial applications,
especially catalytic converters for internal combustion engine
emissions, as well as their widespread use in jewellery.

Lonmin’s operations are situated in the Bushveld Complex in
South Africa, where nearly 80% of global PGM resources are
found.

The Company creates value for shareholders through mining,
refining and marketing PGMs and has a vertically integrated
operational structure – from mine to market. Lonmin’s mining
operations extract ore from which the Process Division
produces refined PGMs for delivery to customers. Underpinning
the operations is the Shared Services function which provides
high quality levels of support and infrastructure across the
operations.

For     further         information      please   visit   our   website:
http://www.lonmin.com



Sponsor: J.P. Morgan Equities Limited

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