LONRHO PLC - Lonrho Shareholders recorded on the SA Register - Applicable Exchange Rate

Lonrho Shareholders recorded on the SA Register - Applicable Exchange Rate

Lonrho Plc
(Incorporated and registered in England and Wales)
(Registration number 2805337)
JSE share code: LAF ISIN: GB0002568813
(“Lonrho Plc” or “the company”)
Secondary listing on the AltX of the JSE

Not for release, publication or distribution, in whole or in part, in, into or from any Restricted Jurisdiction or any
jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

1 August 2013


LONRHO SHAREHOLDERS RECORDED ON THE SA REGISTER – APPLICABLE EXCHANGE RATE


Lonrho Shareholders are referred to the announcement released on 19 July 2013 in which, inter alia, Lonrho
Shareholders were advised that the Reduction of Capital required to effect the recommended acquisition of Lonrho by
FS Africa Limited by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the
“Scheme”) was confirmed by the Court and that, following the delivery of the Court Orders to the Registrar of
Companies, the Scheme had become effective.

Lonrho Shareholders recorded on the SA register and entitled to participate in the Scheme are advised that, although
payment will be discharged in Sterling prior to receipt by each of Strate and the South African transfer secretaries, as
the case may be, of such payment into their Rand denominated accounts, the consideration so paid will have been
converted from Sterling into Rand prior to receipt by each of Strate and the South African transfer secretaries.

Accordingly, Lonrho Shareholders recorded on the SA register and entitled to participate in the Scheme will receive their
consideration from each of Strate or the South African transfer secretaries, as the case may be, in Rand at an exchange
rate of GBP1.00 : ZAR14.951, which exchange rate includes the cost associated with the conversion from Sterling into
Rand. Accordingly, the consideration of 10.25 pence per Scheme Share will be equal to 153.24775 ZAR cents per
Scheme Share.

The consideration of 10.25 pence per Scheme Share to be paid to Scheme Shareholders pursuant to the terms of the
Scheme is to be settled on 2 August 2013.

Terms and expressions in this announcement shall, unless otherwise defined in this announcement, have the same
meanings as given to them in the Scheme Document sent to shareholders in relation to the Scheme dated 5 June 2013.

Enquiries:

Investec Bank plc                                            +44 (0) 20 7597 5970
(Financial Adviser and Broker to FS Africa)
Garry Levin, David Anderson, Ben Williams

Headland Consultancy                                         +44 (0) 20 7367 5222
(Public Relations Adviser to FS Africa)
Howard Lee, Tom Gough, Dan Kahn


Lonrho                                                       +44 (0) 20 7016 5105
Geoffrey White, David Armstrong

Jefferies                                                    +44 (0) 20 7029 8000
(Financial Adviser and Broker to Lonrho)

Sara Hale, Andrew Bell, Harry Nicholas, Michael Collinson

FTI Consulting                                                 +44 (0) 20 7831 3113
(Public Relations Adviser to Lonrho)
Edward Westropp, Georgina Bonham

Java Capital                                                   +27 (011) 283 0042
(JSE Sponsor to Lonrho)


This announcement is not intended to and does not constitute or form part of any offer to sell or subscribe for or any
invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction
pursuant to the Transaction or otherwise. The Transaction will be made solely pursuant to the terms of the Scheme
Document, which will contain the full terms and conditions of the Transaction, including details of how to vote in respect
of the Transaction. Any decision in respect of, or other response to, the Transaction should be made only on the basis
of the information contained in the Scheme Document.

This announcement does not constitute a prospectus or prospectus equivalent document.

The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be
restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United
Kingdom should inform themselves about and observe any applicable requirements. In particular, the ability of persons
who are not resident in the United Kingdom to vote their Lonrho Shares with respect to the Scheme at the Court
Meeting, or to execute and deliver forms of proxy appointing another to vote at the Court Meeting on their behalf, may
be affected by the laws of the relevant jurisdictions in which they are located. This announcement has been prepared
for the purpose of complying with English law and the City Code and the information disclosed may not be the same as
that which would have been disclosed if this announcement had been prepared in accordance with the laws of
jurisdictions outside the United Kingdom.

Copies of this announcement and any formal documentation relating to the Transaction are not being, and must not be,
directly or indirectly, mailed or otherwise forwarded, distributed or sent in or into or from any Restricted Jurisdiction and
persons receiving such documents (including custodians, nominees and trustees) must not mail or otherwise forward,
distribute or send it in or into or from any Restricted Jurisdiction. If the Transaction is implemented by way of an Offer
(unless otherwise permitted by applicable law and regulation), the Offer may not be made directly or indirectly, in or into,
or by the use of mails or any means or instrumentality (including, but not limited to, facsimile, e-mail or other electronic
transmission, telex or telephone) of interstate or foreign commerce of, or of any facility of a national, state or other
securities exchange of any Restricted Jurisdiction and the Offer may not be capable of acceptance by any such use,
means, instrumentality or facilities.

Notice to US investors in Lonrho:

The Transaction relates to the shares of an English company and is being made by means of a scheme of arrangement
provided for under and governed by English law. A transaction effected by means of a scheme of arrangement is not
subject to the tender offer rules or the proxy solicitation rules under the US Exchange Act. Accordingly, the Transaction
is subject to the disclosure requirements and practices applicable in the United Kingdom to schemes of arrangement
which differ from the disclosure requirements of United States tender offer and proxy solicitation rules. If, in the future,
FS Africa exercises the right to implement the Transaction by way of a takeover offer and determines to extend the offer
into the United States, the Transaction will be made in compliance with applicable United States laws and regulations.
Financial information included in this announcement and the Scheme Documentation has been or will have been
prepared in accordance with accounting standards applicable in the United Kingdom that may not be comparable to
financial information of US companies or companies whose financial statements are prepared in accordance with
generally accepted accounting principles in the United States.

It may be difficult for US holders of Lonrho Shares to enforce their rights and any claim arising out of the US federal
laws, since FS Africa and Lonrho are located in a non-US jurisdiction, and some or all of their officers and directors may
be residents of a non-US jurisdiction. US holders of Lonrho Shares may not be able to sue a non-US company or its
officers or directors in a non-US court for violations of the US securities laws. Further, it may be difficult to compel a
non-US company and its affiliates to subject themselves to a US court’s judgement.

Investec, which is authorised by the Prudential Regulation Authority and regulated by the FCA and the Prudential
Regulation Authority, is acting exclusively for FS Africa and no one else in connection with the Transaction and will not
be responsible to anyone other than FS Africa for providing the protections afforded to clients of Investec or for providing
advice in relation to the Transaction or any other matters referred to in this announcement.

Jefferies which is authorised and regulated in the UK by the FCA, is acting exclusively for Lonrho and no one else in
connection with the Transaction and will not be responsible to anyone other than Lonrho for providing the protections
afforded to clients of Jefferies or for providing advice in relation to the Transaction or any other matters referred to in this
announcement. Neither Jefferies nor any of its subsidiaries, branches or affiliates gives or accepts any duty, liability or
responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any
person who is not a client of Jefferies, in connection with this announcement, any statement contained within or
otherwise.

Cautionary Note Regarding Forward-Looking Statements

This announcement contains certain forward-looking statements with respect to the financial condition, results of
operations and business of Lonrho and certain plans and objectives of FS Africa with respect thereto. These forward-
looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking
statements often use words such as “anticipate”, “expect”, “estimate”, “target”, “intend”, “plan”, “goal”, “believe”, “hope”,
“aims”, “continue”, “will”, “may”, “should”, “would”, “could”, or other words of similar meaning. These statements are
based on assumptions and assessments made by Lonrho and/or FS Africa in light of their experience and their
perception of historical trends, current conditions, future developments and other factors they believe appropriate. By
their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on
circumstances that will occur in the future and the factors described in the context of such forward-looking statements in
this announcement could cause actual results and developments to differ materially from those expressed in or implied
by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such expectations will prove to have been correct and you
are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the
date of this announcement. Neither Lonrho nor FS Africa assumes any obligation to update or correct the information
contained in this announcement (whether as a result of new information, future events or otherwise), except as required
by applicable law.

There are several factors which could cause actual results to differ materially from those expressed or implied in
forward-looking statements. Among the factors that could cause actual results to differ materially from those described
in the forward-looking statements are changes in the global, political, economic, business, competitive, market and
regulatory forces, future exchange and interest rates, changes in tax rates and future business combinations or
dispositions.

Information relating to Scheme Shareholders

Please be aware that addresses, electronic addresses and certain information provided by Scheme Shareholders,
persons with information rights and other relevant persons for the receipt of communications from Lonrho may be
provided to FS Africa during the Offer Period as requested under Section 4 of Appendix 4 of the City Code to comply
with Rule 2.12(c).

Publication on Website

A copy of this announcement will be made available free of charge (subject to any applicable restrictions with respect to
persons in Restricted Jurisdictions) on www.lonrho.com by no later than noon (London time) on the day following this
announcement.

Neither the content of the Group's website (or any other website) nor the content of any website accessible from
hyperlinks on the Group's website (or any other website) is incorporated into, or forms part of, this announcement.

Date: 01/08/2013 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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