Regulatory Release - Inter-governmental technical task team dissolved 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 10 June 2014 INTER-GOVERNMENTAL TECHNICAL TASK TEAM DISSOLVED Producers pursue all options The Board of Lonmin Plc (“Lonmin”) note the announcement made yesterday by platinum producers Anglo American Platinum Limited (Amplats), Impala Platinum Holdings Limited (Implats) and Lonmin that the talks facilitated by the Minister of Mineral Resources have unfortunately been dissolved without an outcome. An Inter-Governmental Technical Task Team, with representatives from the departments of Mineral Resources, Labour and National Treasury was set up by the Minister on 28 May 2014, in an effort to resolve the platinum wage strike, now in its 21st week. The companies thanked the Minister of Mineral Resources, Advocate Ngoako Ramathlodi, and Deputy Minister, Mr Godfrey Oliphant, and members of the Inter-Governmental Technical Task Team for their initiatives and efforts. During this process the producers have sought to arrive at a fair and sustainable settlement that would preserve the future of the platinum industry and limit job losses in the country. While the producers remain committed to a negotiated settlement, they will now review further options available to them. To date, the producers have forfeited earnings of R21.7 billion, while employees have forfeited wages of around R9.6 billion. On its own behalf, Lonmin would like to express its sincere thanks to the Minister of Mineral Resources for the initiative and the Inter-Governmental Technical Team for the hard work they contributed. Lonmin has throughout attempted to preserve jobs and to prevent a continuation of a situation in which irresponsibility threatens the employment and prosperity of its workforce. ENQUIRIES Investors / Analysts: Lonmin 1 Tanya Chikanza +44 20 7201 6007 Floyd Sibandze +27 11 218 8300 Sue Vey +27 72 644 9777 Media: Cardew Group Anthony Cardew / James Clark +44 20 7930 0777 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 2 Date: 10/06/2014 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.