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LONMIN PLC - Update on New Recognition Dispensation

Release Date: 09/05/2013 09:02
Code(s): LON     PDF:  
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Update on New Recognition Dispensation

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")


REGULATORY RELEASE

9 May 2013

Update on New Recognition Dispensation

Lonmin Plc announces developments in the ongoing negotiations of a new union recognition
agreement with stakeholders.

The Company’s union membership profile has changed significantly over the last 12 months with the
Association of Mining and Construction Union (AMCU), now the largest union, representing 70% of
Lonmin Category 4-9 employees. The National Union of Mineworkers (NUM), formerly the majority
union, now represents approximately 20% of the Category 4-9 employees. This change has resulted
in the need to negotiate a new recognition agreement with workers’ representatives.

We currently have a limited organisational rights agreement with AMCU, which is valid until a new
recognition agreement is finalised.

Negotiations on the recognition agreement commenced in January. We have focused on finding a
way to work together towards a new recognition agreement which is inclusive and fair. Accordingly,
we proposed a democratic, multi-union framework that is responsive to the needs of all workers and
their representatives. We have found progressing towards this objective difficult.

Following a meeting earlier this week with AMCU, where no progress was made towards reaching an
agreement, we have been notified that AMCU have referred the matter to the Commission for
Conciliation, Mediation and Arbitration (CCMA). Lonmin welcomes this development. A process
facilitated by the CCMA presents an opportunity to reach agreement. We will fully participate in this
process.

Lonmin remains committed to seeking a negotiated outcome. We will provide updates on the CCMA
process in due course.

ENQUIRIES

Investors / Analysts:
Lonmin
Tanya Chikanza (Head of Investor Relations)        +27 11 218 8358 /
                                                   +44 20 7201 6007
Ruli Diseko                                        +27 11 218 8300



Media:
Cardew Group
James Clark / Alexandra Stoneham                   +44 20 7930 0777
Sue Vey                                            +27 72 644 9777

Brunswick - Johannesburg
Cecilia de Almeida                                 +27 11 502 7400 /
                                                   +27 83 325 9169

Sponsor:
J.P. Morgan Equities South Africa (Pty) Ltd

Notes to editors

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 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
known 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

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