Further Placement of US$10m Convertible Bonds

Not for release in the United States, Canada or Japan

11 October 2010

LONRHO PLC

("Lonrho" or the "Company")

Further placement of US$10 million convertible bonds to complete the total US$ 70 million Bond issue announced on 8th October 2010.

Lonrho Plc announces that following notification on 8 October 2010 confirming the successful completion of the offering (the "Offering") of US$60 million Guaranteed Convertible Bonds due 2015, the Company is pleased to announce that in accordance with the option to sell a further US$10 million, and in light of significant demand, it has successfully placed the further US$10 million of additional bonds by the Company's wholly-owned direct subsidiary, LAH Jersey Limited ("the Bonds"). The issuance remains subject to shareholder approval.

The aggregate amount of all the Bonds now placed by Lonrho is US$70 million and if all of the Bonds were to be converted and immediately exchanged into new ordinary shares of 1 pence each in the Company ("Shares") at a fixed conversion price of £0.1559, 282,999,798 new Shares would be issued. Based on the present issued Share capital of Lonrho full conversion of the Bonds would represent 19.5% of the enlarged Share capital of the Company.

The terms and conditions attaching to the Bonds remain the same as announced by the Company on 8 October 2010.

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