Final Dividend - USD/Rand exchange rate

Final Dividend - USD/Rand exchange rate

Further to the Company's announcement published on 15 November 2010 in which shareholders were informed that the exchange rate to be used to determine the rand equivalent of the final dividend for the year ended 30 September 2010 (payable on 11 February 2011) would be calculated on 30 December 2010, shareholders are hereby advised that the exchange rate to be used will be US$1 = R6.62875. This has been calculated as the average of the bid/ask spread as at noon South African time) on 30 December 2010.

Consequently, the Rand value of the cash entitlement of 15 US cents per share will be 99.43125 cents per share.

Transfers will not be permitted between the UK principal register and the SA branch register from 30 December 2010 until the record date, 14 January 2011 (i.e. first date to transfer 17 January 2011).

Enquiries:

Lonmin Plc

Tanya Chikanza

+44 (0) 20 7201 6060

Head of Investor Relations

Registrars:

Equiniti Registrars

0870 600 3970 (UK callers)

+44 121 415 7047 (int. callers)

Link Market Services South Africa (Pty) Limited

+27 (0)11 630 0800