Director/PDMR Shareholding

REGULATORY RELEASE

1 February 2016

Director/PDMR shareholding

Notification of Directors' and PDMRs' shareholdings pursuant to Disclosure and Transparency Rule 3.1.2 and 3.1.4

Lonmin Plc (the "Company") confirms that 3,600 ordinary shares of $0.0001 each in the Company (the "Ordinary Shares") were released on 29 January 2016 to Ben Magara, Chief Executive Officer and a Director of the Company.

These shares form the second of three equal tranches of shares due to be released under the Retention Award granted on 10 July 2013 to compensate Mr Magara for the loss of various incentives which resulted from his departure from his previous employer, Anglo American Platinum Limited. The remaining tranche will vest, subject to continued service, on 31 May 2016.

The release of these shares resulted in the transaction detailed below:

Following the above transaction, Mr Magara's shareholding has increased to 27,236 Ordinary Shares.

The Company also confirms that 21,101 Ordinary Shares (adjusted for 2015 Rights Issue and Consolidation) in the Company were released on 29 January 2015 to Simon Scott, Chief Financial officer and a Director of the Company.

These shares form the Special Award granted to Mr Scott on 7 November 2012 and converted to shares on 5 March 2013. Following this release, Mr Scott's shareholding has increased to 45,157 Ordinary Shares.

The Company also announces that it received notification on 29 January 2016 from the Trustee of the Lonmin Employee Benefit Trust that the retention portion of awards granted on 28 September 2012 under the Long Term Incentive Plan to the PDMRs listed below vested to the extent of 50%, resulting in the release, sale and retention of shares as detailed below, all of which occurred on 29 January 2016. 

The other 50% of each award was subject to a performance condition combining three years' corporate performance (as measured in the Balanced Scorecard annual bonus plan) with Total Shareholder Return relative to the median of a PGM mining peer group (as detailed in the Company's annual report), which was not met. This portion of each award has therefore lapsed.

The Company was also notified on the same date by the PDMRs of the same information in discharge of their obligations under Rule 3.1.2 of the Disclosure and Transparency Rules.

- ENDS -

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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