Operational Update 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 March 2015 Operational Update Lonmin Plc (‘Lonmin’) is pleased to report that the repairs to the Number One furnace and the additional maintenance work that was brought forward have been completed within schedule. First matte was successfully tapped on 9 March 2015 and the Number One furnace is now operating in line with expectations. The Number Two furnace has ramped up and stabilised also according to plan. As previously announced, the higher mid-year working capital and borrowings we expect as a result of the smelter outage are anticipated to unwind by year end. - ENDS - ENQUIRIES Investors / Analysts: Lonmin Tanya Chikanza +44 20 7201 6007/+27 11 218 8358 Media: Cardew Group Anthony Cardew / James Clark +44 20 7930 0777 Sue Vey +27 60 523 7953 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: 10/03/2015 03:50:00 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.