Update on wage negotiations 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 12 June 2014 Update on wage negotiations Lonmin Plc (“Lonmin” or the “Company”) announces that informal undertakings have been reached in principle with the leadership of the Association of Mineworkers and Construction Union (“AMCU”) in respect of wages and conditions of employment. AMCU will be discussing these in principle undertakings with its members to seek a mandate. The same in principle undertakings have been received by our peer PGM producers, Anglo American Platinum Limited (“Amplats”) and Impala Platinum Holding Limited (“Impala”), who will make their own announcements in the normal way. The principles that underpin the proposals seek to achieve a sustainable future for the three platinum companies for the benefit of all stakeholders and to afford employees the best possible increase under the current financial circumstances. The companies expect to receive feedback from AMCU on Friday, 13 June. Thereafter, and should an agreement be reached, the companies will be assisting employees to ensure a safe return to a normal working environment. Further details will be made available once feedback is received from AMCU. - ENDS – ENQUIRIES Investors / Analysts: Lonmin Tanya Chikanza (Head of Investor Relations) +27 11 218 8358 / +44 20 7201 6007 Floyd Sibandze (Investor Relations Manager) +27 11 218 8300 Media: Cardew Group 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. For further information please visit our website: http://www.lonmin.com Date: 12/06/2014 02:08:00 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.