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LONMIN PLC - Regulatory Release - Lonmin Labour Relations Update

Release Date: 17/05/2013 14:52
Code(s): LON     PDF:  
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Regulatory Release - Lonmin Labour Relations 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")

REGULATORY RELEASE


17 May 2013

                                  Lonmin Labour Relations Update

Further to the announcement made on 16 May 2013, Lonmin Plc (the "Company") welcomes the
formal return to work, confirmed yesterday afternoon, of employees engaged in an unprotected
strike.

Lonmin further welcomes the statement issued by the South African Cabinet on Thursday 16 May in
which it appealed to the leadership of both the National Union of Mineworkers (NUM) and The
Association of Mineworkers and Construction Union (AMCU) to: “…resolve their dispute amicably
and put the interests of the country and workers above everything else. Workers must be aware that
the unprotected strike could have serious consequences not only for themselves, but for the future
of the mine and that of their jobs.”

Lonmin has also heeded the Cabinet’s appeal to do everything possible to make sure that issues are
resolved as soon as possible without further unrest.

On Wednesday afternoon, 15 May 2013, Lonmin secured a court interdict in its favour ordering
striking employees to return to work and subsequently informed staff and unions of this
development. This was an unprotected work stoppage and the principle of no work no pay was
applied.

However, the Company has considered the situation in totality, and in particular, the risk that recent
events may escalate and compromise the safety of our employees, property and community
members.

Lonmin had already begun the process of de-recognising NUM in respect of category 4 to 9
bargaining unit following the significant changes in union membership at its operations. We can
confirm that some aspects of this process will be accelerated in order to ease tensions on the ground
at Marikana.

Lonmin can also confirm that it met with AMCU and the Commission for Conciliation, Mediation and
Arbitration (CCMA) yesterday with a view to concluding a new recognition agreement with AMCU,
which now represents 70% of Lonmin Category 4-9 employees and the discussions are continuing
today. We remain committed to the process of seeking a negotiated recognition agreement.

– ENDS –
ENQUIRIES

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


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

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

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


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

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