LONRHO PLC - Fastjet Plc $2.4 million Placing

Fastjet Plc $2.4 million Placing

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

12 November 2012

Lonrho is pleased to announce that fastjet Plc (“fastjet” or the “Company”), the AIM listed African
airline in which Lonrho owns 67.4%, has announced it has entered into binding subscription
agreements to raise $2.4 million (£1.50 million) for the issue of 42,857,144 new ordinary shares in
the Company (the "Subscription Shares") at a price of £0.035 per share (the "Subscription
Agreements"). Upon completion Lonrho’s shareholding in fastjet will reduce to 65.8%.


Fastjet Plc

$2.4 million Placing

fastjet Plc (AIM:FJET) is pleased to announce that it has entered into binding subscription
agreements to raise $2.4 million (£1.50 million) for the issue of 42,857,144 new ordinary shares in
the Company (the "Subscription Shares") at a price of £0.035 per share (the "Subscription
Agreements"). Upon completion The Subscription Shares will represent approximately 2.43% of the
enlarged issued share capital of the Company.

David Lenigas, FastJet’s Executive Chairman, commented:

"Following the announcement on 5th November 2012 of the completed FastJet branding and the
launch of FastJet operations in Tanzania with three A319 aircraft, the Company is now progressing
with establishing the second hub location for FastJet in the continuing plan to build the FastJet
network into the Low Cost Carrier for all of Africa.”

“These additional funds will be deployed in assessing an earlier than expect opportunity open to
FastJet to interact with the Southern African market place and progressing with the opening of
further operational hubs for the FastJet network across Africa.”

ENDS

Enquiries:

Lonrho Plc   +44 (0) 20 7016 5105
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 late 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.

South African sponsor
Java Capital

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