AMENDMENT OF SHARE OPTION PLAN

4 October 2010

LONRHO PLC

("Lonrho" or the "Company")

AMENDMENT OF SHARE OPTION PLAN

As a result of the continued expansion of the Lonrho Group of companies, coupled with the new investment and financing opportunities regularly presented to the Board for consideration in line with the Company's strategy, for most of the current calendar year the Company has been in a close period for the purposes of Rule 21 of the AIM Rules for Companies. The result of this has been to restrict those directors and applicable employees, who hold options under the Company's share option scheme, from exercising their options. In order to ensure the continued effectiveness of the Company's share option plan, and to allow those directors and applicable employees who have been unable to exercise their share options an opportunity to do so in accordance with the intent of the Board when the options were originally granted, the Remuneration Committee has reviewed the situation and on their recommendation the Board has resolved, as it is entitled to do under the terms of the existing share option plan, with immediate effect to extend the exercise period of those options held by Directors and applicable employees which are due to expire in the first half of Lonrho's financial year ending in 2011 to 31 March 2011. To avoid similar problems occurring again in the future the Board has further resolved, as it is entitled to do so, to amend the Company's share option plan to provide that where the final date for the exercise of any options under the Company's share option plan falls due in a close period that the option exercise period for the affected options is automatically extended for a period ending ten business days after the relevant close period ends.

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