Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

Lonrho Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Mackenzie Cundill Investment Management Ltd. On behalf of itself and Mackenzie Financial Corporation (which has an individual notification obligation)

4. Full name of shareholder(s)  (if different from 3.):iv

Mellon Nominees (UK) Ltd.

(123,408,213 voting rights)

Chase Nominees Limited

(7,500,000 voting rights)

5. Date of the transaction and date on which the threshold is crossed or reached: v

17 December 2009

6. Date on which issuer notified:

23 December 2009 

7. Threshold(s) that is/are crossed or reached: vi, vii

13% (see box 9) 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct xi

Indirect xii

Direct

Indirect

GB0002568813

101,500,000

(see box 9)

29,408,213

130,908,213

(see box 9)

13.64%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

130,908,213

13.64%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

12.86% of the voting rights are held by Mackenzie Cundill Invetsment Management Ltd., as investment manager which has a disclosable interest as a result of DTR 5.2.1R(h)

0.78% of the voting rights are held by Mackenzie Cundill Investment management (Bermuda) Ltd., as investment manager, which has an interest but no individual disclosure obligation.

Mackenzie (Rockies) Corp. is a 100% shareholder of Mackenzie Cundill Investment Management (Bermuda) Ltd.

Mackenzie Financial Corporation is a 100% shareholder of Mackenzie Cundill Investment Management Ltd. and Mackenzie (Rockies) Corp. and has an indirect holding of 13.64% as a result of DTR 5.2.1R(e).

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Jim Hughes

15. Contact telephone number:

0207 016 5105