LONMIN PLC - Notifications of transactions of directors

Notifications of transactions of directors

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")

19 December 2014

Notification of Transactions of Directors and Persons Discharging Managerial Responsibilities
(“PDMRs”)

Pursuant to DTR 3.1.4 R, Lonmin Plc (the "Company") confirms that awards under the Company’s
Long Term Incentive Plan (the “LTIP Awards”) were granted on 18 December 2014 to Ben Magara,
Chief Executive Officer and Simon Scott, Chief Financial Officer.


      Director                      Position                                   Number of
                                                                               shares
      Ben Magara                    Chief Executive Officer                         117,337

      Simon Scott                   Chief Financial Officer                          84,965


These LTIP Awards form the second and final part of the Company’s 2014 grant programme in
relation to the executive directors, and are within the shareholder approved Remuneration Policy.
Vesting is wholly subject to the satisfaction of a performance condition comprising two metrics,
assessed on a multiplicative basis as described in the Company’s Directors’ Remuneration Policy in
the 2014 Annual Report & Accounts:

(1)   the measurement of sustained and broad-based operational performance using the
      Company’s Balanced Scorecard averaged over three financial years; and

(2)   the Company's Total Shareholder Return over a three year period relative to the median of a
      group comprising the Company's five direct peers producing Platinum Group Metals.

As explained in the Remuneration Committee Report in the 2014 Annual Report & Accounts (pages
86 and 92), the Company intends to introduce a new Long Term Incentive Plan (“New LTIP”) and
change the performance condition.

Subject to approval by shareholders of the Directors’ Remuneration Policy at the Company’s Annual
General Meeting on 29 January 2015, the performance condition applicable to future awards under
the New LTIP will comprise a return metric such as ROIC>WACC or ROE instead of the existing three
year Balanced Scorecard average. The RTSR metric will remain unchanged. Each will have a 50%
weighting and be assessed independently.

In the event such approval is granted, it is intended that the current performance condition
applicable to the LTIP Awards will be substituted by the new performance condition including the
return metric.

END

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

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