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LONRHO PLC - Lonrhos Oceanfresh Awarded Exclusive Tuna Quota in Mozambique

Release Date: 12/09/2012 08:00
Code(s): LAF     PDF:  
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Lonrho’s Oceanfresh Awarded Exclusive Tuna Quota in Mozambique

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”)

12th September 2012

Lonrho’s Oceanfresh Awarded Exclusive Tuna Quota in Mozambique

Lonrho is pleased to announce that its Oceanfresh Seafood Division has been granted the exclusive fishing rights for
Tuna in the 12 mile territorial waters and the 200 mile Exclusive Economic Zone (“EEZ”) in Mozambique. Oceanfresh
has been granted the exclusive rights for five years with a tuna quota set at 12,000 tonnes per annum.

This is the first time that the Mozambican Government has issued fishing rights for longer than one year and
coincides with Lonrho’s upgrading of the Oceanfresh commercial cold stores and seafood processing facilities in the
Maputo fishing port to handle this volume of fish. The upgrades will develop the Maputo port facility to become the
largest cold store fish processing facility in Mozambique with over 6,000 square metres of processing and freezer
space.

Mozambique’s nutrient rich waters are renowned as some of the world’s best quality sources of yellowfin and
bigeye tuna during the prime November-May season, when top quality product will be exported to the premium
sashimi markets in Japan. Fish caught throughout the year will be processed into frozen steaks and loins for the USA
market.

Oceanfresh is committed to responsible and sustainable fishing policies in support of the long term viability of the
fishing industry and is already engaged with the relevant bodies to ensure sustainable and ethical catching methods
are followed.

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

JSE Sponsor
Java Capital

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