LONMIN PLC - Regulatory Release - Update on Protected Strike Action

Regulatory Release - Update on Protected Strike Action

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

6 May 2014


Update on Protected Strike Action

The following statement was released in Johannesburg by Lonmin Plc (“Lonmin” or “the Company”)
yesterday, in conjunction with Anglo American Platinum Limited and Impala Platinum Holdings
Limited:

PLATINUM WAGE STRIKES: UPDATE

Johannesburg, 6 May 2014: Anglo American Platinum Limited (Amplats), Impala Platinum Holdings
Limited (Implats) and Lonmin Plc (Lonmin) advise that, regrettably, the Association of Mineworkers
and Construction Union (AMCU) has informed the companies of the union’s decision to continue
with the strike which is entering its 15th week.

The companies were advised of this decision by AMCU leadership at a meeting this afternoon.
AMCU’s decision is disappointing as the companies’ efforts to develop a new offer that is affordable
and sustainable was designed to come as close as possible to meeting the union’s demand. The
companies note that AMCU has also made no effort to suggest a solution to a strike which, as is well
documented, is causing deep and adverse impacts on employees, their communities and the local
Rustenburg economy as a whole.

The companies will continue their direct approaches to employees:
    • Lonmin has asked employees to indicate their intention to accept the settlement offer by
       SMS by 8 May 2014. A provisional return to work date of 14 May 2014 has been planned,
       and would be dependent on the responses received.
    • Implats continues to communicate with employees to gauge their response to the offer, and
       will advise progress in due course.
    • Amplats has made the offer available to its employees and has already seen a
       commencement in the uptake thereof.

None of the companies have set final acceptance dates; nor have they presented ultimatums to
employees.

Regrettably, the companies have received feedback from a large number of employees that while
they would prefer to accept the offer and return to work, many are fearful of doing so due to the
threats to their personal safety. The respective company security teams have documented dozens of
incidents of threats of personal harm by faceless individuals, or by strike leaders from AMCU
meeting platforms, aimed at groups or individuals who are at work, or who might be contemplating

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a return to work. There have been numerous assaults perpetrated on employees at work or on their
way to or from work. While criminal cases have been opened, unfortunately there have been only a
limited number of arrests.

The companies call on AMCU leadership to take responsibility for discouraging, threatening or other
criminal behaviour directed either against their own members or against management staff seeking
to persuade their members to return to work.

To date, the strike has cost employees some R7.3 billion in lost income and the producers around
R16.4 billion in lost revenue.

                                              -ENDS-


ENQUIRIES

Investors / Analysts:
Lonmin                                             +44 20 7201 6000 / +27 11 218 8300
Tanya Chikanza – Head of Investor Relations
Floyd Sibandze – Investor Relations Manager

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

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.

Announcements relating      to   the   situation   can   be   found   on   Lonmin’s   website    at:
http://www.lonmin.com




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