LONRHO PLC - FastJet Announces Tanzania as First African Base

FastJet Announces Tanzania as First African Base

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

17 September 2012

Lonrho Plc
("Lonrho" or the “Company”)

FastJet Announces Tanzania as First African Base

FastJet Plc (”FastJet”), the AIM listed African airline in which Lonrho owns 67.4%, announces today
that it will establish its first operating base at Dar es Salaam, Tanzania.

The airline will commence flying in November with seats going on sale online a few weeks earlier.
Fares will be available for as low as $20 one-way excluding taxes and charges.

The lease for FastJet’s first Airbus A319 aircraft has been signed with lessor BBAM and will arrive
in Dar es Salaam next month. Recruitment for crew and ground staff is already well advanced.

FastJet Chief Executive Ed Winter said:

“Our initial focus will be on East Africa with the airline’s first base at Dar es Salaam, Tanzania,
where the A319 aircraft has already been approved by the Tanzania Civil Aviation Authority. This
will be followed by a second base in Nairobi, Kenya, once the A319 is approved there. We look
forward to bringing a great, reliable and affordable service to the people of East Africa.”

Once established in East Africa, FastJet has plans to launch in Accra, Ghana and Luanda and
Angola.

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

NOTES TO EDITORS
About FastJet Plc
FastJet Plc is the holding company for African airline Fly540, which operates from four bases in
Kenya, Tanzania, Ghana and Angola. Fly540 currently has 10 aircraft serving around 25 domestic
and regional destinations, carrying approximately 750,000 passengers per year with a strong
emphasis on safety, security and reliability.

Following a consultancy assignment by easyJet founder Sir Stelios Haji-Ioannou’s easyGroup
focused on determining the feasibility of launching a European-style low-cost carrier in Africa, we
are now preparing for the launch of FastJet, Africa’s first low-cost carrier, flying a modern fleet of
jet aircraft based on the Fly540 platform of licences and routes. First flights under the FastJet
brand are expected to take place in November, bringing an entirely new flying experience to the
African market.

FastJet Plc is listed on the London Stock Exchange. For more information see www.fastjet.com

Significant African Aviation Market Potential

Africa is a growth aviation market with regional and intercontinental traffic both growing rapidly
as a result of the continent’s continued economic expansion. With over one billion people, Africa
is hampered by poor infrastructure, a lack of roads and railways and long distances between urban
populations. The African aviation market is significantly underserved with air travel spending as a
percentage of GDP a fraction of that of other emerging markets. With rapid economic growth
and, as a result, the growing wealth of African citizens, more and more people will be able to
benefit from aviation and fly for the first time. Airbus forecasts total passenger traffic in Africa will
grow at an average yearly rate of 5.7% between 2010 and 2030, well above the 4.8 per cent world
average growth rate and expects to deliver more than 1,100 new passenger aircraft, 4% of world
deliveries, in the next 20 years to satisfy growing demand. Seven of the top 10 fastest growing
global economies are now in Africa with consumer spending for the continent forecast to reach
US$1.6 trillion by 2020. A recent McKinsey report (June 2010) forecast that 128 million
households in Africa are expected to have discretionary income to spend by 2020, while 50% of
Africans are expected to live in cities by the same date with urban jobs bringing rising incomes.
The McKinsey report concluded that today the rate of return on foreign investment in Africa is
higher than in any other developing region and that early entry into African economies provides
opportunities to create markets, establish brands, shape.

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