Notification of major interest in shares Lonmin Plc (Incorporated in England and Wales) (Registered in the Republic of South Africa under registration number 1969/000015/10) JSE code: LON & LONN Issuer Code: LOLMI & ISIN : GB0031192486 ("Lonmin") 2 December 2015 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights LONMIN PLC are attached: 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached X An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments X An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the Deutsche Bank AG notification obligation: 4. Full name of shareholder(s) (if different from 3.): Deutsche Bank AG, London Branch 5. Date of the transaction and date on which 26/11/2015 the threshold is crossed or reached: 6. Date on which issuer notified: 30/11/2015 7. Threshold(s) that is/are crossed or reached: Above 5% 8. Notified details: A: Voting rights attached to shares Class/type of Situation previous Resulting situation after the triggering transaction shares to the triggering transaction if possible using Number Number Number Number of voting % of voting the ISIN CODE of of of shares rights rights Shares Voting Direct Direct Indirect Direct Indirect Rights GB0031192486 Below Below Notifiable Notifiable 28,527,094 28,527,094 0 4.86% 0 Threshold Threshold B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion rights that may be rights Period acquired if the instrument is exercised/ converted. Right to Recall 2,176,233 0.37% C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting % of voting financial price date Conversion rights instrument rights instrument period refers to Nominal Delta CFD 3,814,667 0.54% 0.54% Total (A+B+C) Number of voting rights Percentage of voting rights 33,887,994 5.77% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Deutsche Bank AG, London Branch – 5.77% Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Total CFD Holding – See appendix 14. Contact name: John Morrison 15. Contact telephone number: +44 7201 6044 Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd Appendix Type of financial instrument Maturity Date Number of voting rights instrument refers to CFD 18 Dec 15 1,224,438 CFD 19 Jul 16 50,000 CFD 16 May 16 1,409,000 CFD 7 Jul 16 78,267 CFD 22 Feb 16 11,031 CFD 30 Nov 16 300,000 CFD 17 Mar 16 72,132 CFD 19 Sep 16 -4 CFD 7 Nov 16 23,005 CFD 4 Jan 16 16,794 Date: 02/12/2015 05:00:00 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.