Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Lonrho PLC (LONR LN)

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

An acquisition or disposal of voting rights

 Yes

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

No

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

 No

An event changing the breakdown of voting rights

 No

Other (please specify):

N/A

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

Mackenzie Financial Corporation

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

Mellon Nominees (UK) Ltd. in trust for Mackenze Cundill Recovery Fund (86,408,213 voting rights)

Mellon Nominees (UK) Ltd. in trust for Mackenzie Cundill Emerging Markets Value Class

(33,200,000 voting rights)

Chase Nominees Limited in trust for Cundill International Company Ltd.

(7,500,000 voting rights)

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

May 4, 2011

6. Date on which issuer notified:

May 6, 2011

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

11%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Indirect

Direct

Indirect

 129,908,213

129,908,213

127,108,213

10.77%

 GB0002568813

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 127,108,213

 10.77%

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

10.13% of the voting rights are held by Mackenzie Financial Corporation, as investment manager which has a disclosable interest as a result of DTR 5.2.1R(h).

0.64% of the voting rights are held by Mackenzie Cundill Investment Management (Bermuda) Ltd., as investment manager, which has an interest but no individual obligation.

Mackenzie Financial Corporation is a 100% shareholder of Mackenzie Cundill Investment management (Bermuda) Ltd. and has a total indirect holding of 10.77% as a result of DTR 5.2.1R(e) and DTR 5.2.1R(h).

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:

 +44 (0) 20 7016 5105