LONMIN PLC - Regulatory Announcement - Related Party Transaction

Regulatory Announcement - Related Party Transaction

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


18 September 2014

Related Party Transaction

Lonmin Plc (“Lonmin” or “the Company”) announces that Western Platinum Limited (“WPL”), a
subsidiary of the Company, has today entered into certain commitments with Incwala Platinum
(Proprietary) Limited (“Incwala”) under which WPL will advance a non-interest bearing loan to
Incwala, and commits to make a further such loan in March 2015. Incwala beneficially owns 18% of
the issued share capital of WPL and its sister company Eastern Platinum Limited, Lonmin’s principal
operating subsidiaries in South Africa, which forms the cornerstone of the Company’s Black
Economic Empowerment arrangements. As such, this is a smaller related party transaction falling
within the scope of Listing Rule 11.1.10R.

WPL will advance the sum of R242 million (circa $22 million at current exchange rates) to Incwala on
or before 30 September 2014, and has entered into a commitment to advance a further R242 million
on the same interest-free basis, on or before 31 March 2015 (collectively, the “Loans”). The Loans
will enable Incwala to meet the covenants and other obligations in relation to existing preference
share funding it has raised from local banks. The Loans will be repaid over time by the relevant
subsidiary of Lonmin withholding sums that would otherwise be payable to Incwala by way of
dividend.

- ENDS –

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

ENQUIRIES

Investors / Analysts:
Lonmin
Tanya Chikanza                                         +27 11 218 8300/+44 20 7201 6007
Floyd Sibandze                                         +27 11 218 8300

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

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 producing assets 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

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