Director/PDMR Shareholding

4 August 2011

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

Pursuant to DTR 3.1.4 R, Lonmin Plc (the "Company") confirms that nil cost awards were made on 3 August 2011 under the Company's Long Term Incentive Plan ("LTIP") to Ian Farmer, Chief Executive Officer, Simon Scott, Chief Financial Officer, and the PDMRs listed below.

The LTIP awards made to Ian Farmer and Simon Scott are wholly subject to the satisfaction of a performance condition, the basis of which is unchanged from that used in 2010, comprising:

(1) the measurement of sustained and broad-based operational performance using the Company's Balanced Scorecard averaged over three 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.

The operational targets support the delivery of the company's medium term targets, as disclosed in the Company's annual report and the methodology of the performance condition is similarly explained more fully in the remuneration report in the annual report.

LTIP awards were also made to the PDMRs listed below. These awards comprise a 50% retention component, the normal vesting of which is not subject to any performance condition other than continued service with the Group for three years, in line with South African practice. The remaining 50% is subject to satisfaction of the same performance condition as described above. 

END