Posting of Accounts and Notice of AGM

8 March 2010

Lonrho Plc

("Lonrho" or the "Company")

Publication of Annual Report and Notice of Annual General Meeting

Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African investments, is pleased to confirm that its Report and Accounts for the year ended 30 September 2009 have been posted to shareholders today, together with a Notice of the Annual General Meeting to be held on Wednesday 31 March 2010.

The proposed resolutions, Annual Report and Accounts are published on the Company's web site (www.lonrho.com) and the full notice for the Annual General Meeting is available below.

LONRHO ENQUIRIES

Notice of Annual General Meeting

NOTICE IS HEREBY GIVEN that the next Annual General Meeting of Lonrho Plc will be held at The Great Hall, Merchant Taylors' Hall, 30 Threadneedle Street, London, EC2R 8JB at 11.00 am on Wednesday 31 March 2010 to transact the following business. Resolutions 1 to 5 inclusive, 7 and 8 will be proposed as ordinary resolutions. Resolution 6 will be proposed as a special resolution.

Ordinary Resolutions

1. To receive the Report of the Directors, the accounts for the year ended 30 September 2009, and the auditors' report thereon.

2. To re-elect Mrs. J. M. Ellis, who retires by rotation, as a Director.

3. To re-elect Mr. G. T. White, who retires by rotation, as a Director.

4. To re-appoint KPMG Audit Plc as auditors of the Company to hold office from the conclusion of the meeting until the conclusion of the next general meeting of the Company at which financial statements are laid before the Company and to authorise the Directors to agree their remuneration.

5. To approve the continuation of the investment strategy as detailed in the circular to the shareholders dated 8 February 2006.

Special Resolution

6. That:

3.1 to comply with new legislation, the articles of association of the Company be amended by deleting the provision which, by virtue of paragraph 42(2) of Schedule 2 to the Companies Act 2006 (Commencement No 8, Transitional Provisions and Savings) Order 2008, is treated as a provision of the articles of association of the Company setting the maximum amount of shares that may be allotted by the Company; and

3.2 the articles of association of the Company be amended by deleting the existing wording of article 3 and replacing it with "Not used".

Ordinary Resolutions

7. That pursuant to section 551 of the Companies Act 2006 (the "Act") the Directors be and are generally and unconditionally authorised to exercise all powers of the Company to allot shares in the Company or to grant rights to subscribe for or to convert any security into shares in the Company up to an aggregate nominal amount of £1.25 million in connection with the proposed acquisition by the Company or any subsidiary of the Company of all or any of the shares in Rollex (Proprietary) Limited and/or Fresh Direct Limited not already owned by the Company or a subsidiary of the Company, provided that (unless previously revoked, varied or renewed) this authority shall expire at the conclusion of the Annual General Meeting to be held in 2011, save that the Company may make an offer or agreement before the expiry of this authority which would or might require shares to be allotted or rights to subscribe for or to convert any security into shares to be granted after such expiry and the Directors may allot shares or grant such rights pursuant to any such offer or agreement as if the authority conferred by this resolution had not expired.

8. That the granting of options over the number of ordinary shares of 1p each ("Ordinary Shares") in the capital of the Company to Directors, employees and consultants of the Company as set out below ("Proposed Grantees") be approved and the Directors of the Company be authorised to do all acts and things necessary to ensure the options are granted to the Proposed Grantees.

Notes:

1. A member entitled to attend and vote at the above meeting is entitled to appoint one or more proxies to attend and vote in his place. A proxy need not be a member of the Company, but is entitled to exercise all or any of the member's rights to attend and to speak and vote at a meeting of the Company. A member may appoint more than one proxy in relation to the meeting provided that each proxy is appointed to exercise the rights to a different share or shares held by him. A form of proxy is enclosed for use at this meeting. If you wish to appoint more than one proxy, please contact our registrars, Equiniti Limited or Computershare Investor Services 2004 (Pty) Limited, as appropriate.

2. To be valid, a completed form of proxy, together with a power of attorney or other authority, if any, under which it is signed (or a notarially certified copy thereof), must be deposited at the offices of the Company's registrars, Equiniti Limited, Aspect House, Spencer Road, Lancing, West Sussex BN99 6GU or Computershare Investor Services 2004 (Pty) Limited, postal address PO Box 61051, Marshalltown 2107, South Africa, not less than 48 hours before the time set for the meeting or adjourned meeting (as the case may be).

In respect of South African shareholders, forms of proxy must only be filled by certificated shareholders or own name dematerialised shareholders. Dematerialised shareholders in South Africa who are not own name dematerialised shareholders must follow the instructions set out in note 8 below.

3. CREST members who wish to appoint a proxy or proxies through the CREST electronic proxy appointments service may do so for the meeting and any adjournment(s) thereof by using the procedures described in the CREST Manual. CREST Personal Members or other CREST sponsored members, and those CREST members who have appointed a voting service provider(s), should refer to their CREST sponsor or voting service provider(s), who will be able to take the appropriate action on their behalf. In order for a proxy appointment or instruction made using the CREST service to be valid, the appropriate CREST message (a "CREST Proxy Instruction") must be properly authenticated in accordance with Euroclear specifications and must contain the information required for such instructions, as described in the CREST manual. The message, regardless of whether it constitutes the appointment of a proxy or an amendment to the instruction given to a previously appointed proxy must, in order to be valid, be transmitted so as to be received by the issuer's agent (ID RA19) by the latest time(s) for receipt of proxy appointments specified in the notice of meeting. For this purpose, the time of receipt will be taken to be the time (as determined by the timestamp applied to the message by the CREST Applications Host) from which the issuer's agent is able to retrieve the message by enquiry to CREST in the manner prescribed by CREST. After this time any change of instructions to proxies appointed through CREST should be communicated to the appointee through other means. CREST members and, where applicable, their CREST sponsors or voting service providers should note that Euroclear does not make available special procedures in CREST for any particular messages. Normal system timings and limitations will therefore apply in relation to the input of CREST Proxy Instructions. It is the responsibility of the CREST member concerned to take (or, if the CREST member is a CREST personal member or sponsored member or has appointed a voting service provider(s), to procure that his CREST sponsor or voting service provider(s) take(s)) such action as shall be necessary to ensure that a message is transmitted by means of the CREST system by any particular time. In this connection, CREST members and, where applicable, their CREST sponsors or voting service providers are referred, in particular, to those sections of the CREST Manual concerning practical limitations of the CREST system and timings. The CREST Manual can be reviewed at www.euroclear.com/site/public/EUI/Resources/Legaldocumentation/CRESTmanual. The Company may treat as invalid a CREST Proxy Instruction in the circumstances set out in Regulation 35(5)(a) of the Uncertificated Securities Regulations 2001.

4. If you do not have a Form of Proxy and believe that you should have one, or if you require CREST Manual additional forms, please call Equiniti Ltd on 0871 384 2383 (or, from outside the United Kingdom, +44 121 415 7047) between 9.00am and 5.00pm Monday to Friday (excluding bank or public holidays). Calls to the helpline are charged at 8p per minute from a BT landline and from outside the United Kingdom will be charged at applicable international rates. Different charges may apply to calls from mobile telephones. Please note that calls to these numbers may be monitored or recorded for security and training purposes. The helpline cannot provide advice on the merits of the matters to be considered at the meeting nor can it give any financial, legal or taxation advice or accept proxy voting instructions.

5. Completion and return of a form of proxy will not prevent a shareholder from subsequently attending and voting in person at the extraordinary general meeting.

6. In the case of joint holders of shares, the vote of the senior who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the other joint holder(s) and for this purpose seniority will be determined by the order in which the names stand in the register of members of the Company in respect of the relevant joint holding.

7. Pursuant to Regulation 41 of the Uncertificated Securities Regulations 2001, the Company specifies that only those shareholders registered in the Register of Members of the Company as at 6.00 p.m. on 29 March 2010, or in the event that the meeting is adjourned, in the Register of Members as at 6.00 p.m. on the day that is two working days prior to any adjourned meeting, shall be entitled to attend or vote at the meeting in respect of the number of shares registered in their name at the relevant time. Changes to entries on the Register of Members after 6.00 p.m. on 29 March 2010 or, in the event that the meeting is adjourned, 6.00 p.m. on the day that is two working days prior to the day of any adjourned meeting, shall be disregarded in determining the rights of any person to attend or vote at the meeting.

8. Dematerialised shareholders in South Africa who are not own name dematerialised shareholders and who wish to attend the annual general meeting should instruct their CSDP or broker to issue them with the necessary authority to attend the annual general meeting in person, in the manner stipulated in the custody agreement governing the relationship between such shareholders and their CSDP or broker. These instructions must be provided to the CSDP or broker by the cut-off time and date advised by the CSDP or broker for instructions of this nature.

Dematerialised shareholders in South Africa who are not own name dematerialised shareholders and who cannot attend but who wish to vote at the meeting should provide their CSDP or broker with their voting instructions, in the manner stipulated in the custody agreement governing the relationship between such shareholders and their CSDP or broker. These instructions must be provided to the CSDP or broker by the cut-off time and date advised by the CSDP or broker for instructions of this nature.

9. Resolutions 6, 7 and 8- Removal of authorised share capital / Authority to allot shares / Grant of options

Since the recent implementation of certain provisions of the Companies Act on 1 October 2009, there is no longer a requirement for a company to have an authorised share capital. With effect from 1 October 2009 pursuant to transitional provisions relating to the Act, the Company's authorised share capital immediately prior to that date automatically became a provision of the Company's articles setting the maximum amount of shares that may be allotted by the Company.

As a company is no longer required to have an authorised share capital, the Directors believe it is preferable to seek the approval of shareholders to the removal of the limit in the Company's articles setting the maximum amount of shares that may be allotted rather than the approval of shareholders to increase the limit.

Resolution 6 is accordingly proposed as a special resolution to delete the provision which, by virtue of paragraph 42(2) of Schedule 2 to the Companies Act 2006 (Commencement No 8, Transitional Provisions and Savings) Order 2008, is treated as a provision of the articles of association of the Company setting the maximum amount of shares that may be allotted by the Company at the level of its former authorised share capital and to delete a reference in the articles of association to the authorised share capital of the Company.

Resolution 7 is proposed as an ordinary resolution to enable the Company to increase its existing 51% holding in the Lonrho agri-processing businesses Rollex (Proprietary) Limited and Fresh Direct Limited by up to a further 49%. In December 2009 the Company announced that it had successfully raised total funds of £25.1 million via two separate placements and that these funds would be used to increase the Company's interests in the Group's agricultural division and buildings division and to provide additional working capital. With respect to the agricultural division, the respective sellers have indicated that they would prefer the consideration for this transaction to be in the form of Lonrho Plc shares which the Lonrho Board believes is in the best interests of the Company. The exact consideration payable will be in accordance with provisions set out in the original transaction documentation in conjunction with an agreed formula in relation to the exchange rate and share price on the day of the AGM.

Completing this transaction for consideration in shares as opposed to cash has significant benefits for the Group by:

1. Creating long term alignment between the Group and Paul de Robillard, the CEO of Lonrho Agriculture division, through his family trust becoming a substantial shareholder in Lonrho Plc. He will remain as Chief Executive of Lonrho Agriculture and will play a key role in the development of the Group's growing Agribusiness strategy.

2. Preservation of cash resources to enable the Group to further pursue the expansion of its agricultural activities across Africa.

3. Continuity of quality management with invaluable experience and a strong history of performance for the Lonrho Agriculture division.

The Directors believe that it is important that directors and employees of the Group are appropriately aligned with shareholders and motivated and incentivised to perform. The Company currently has 3.5% of its equity allocated to a company share option scheme. This is substantially less than the average for an AIM listed company and accordingly, subject to the approval of shareholders, it is proposed that 53,000,000 options be granted to Executive Directors, employees and consultants at an exercise price of ten percent above the mid market price on the day of the AGM per ordinary share of 1p each in the Company to align the company share option scheme up to a parity level with other similar companies. Accordingly, resolution 8 will be proposed as an ordinary resolution to approve the grant of these options.

10. As at 26 February 2010 the Company's issued share capital consisted of 1,050,278,712 ordinary shares of 1 pence each. Each ordinary share carries the right to vote at a general meeting of the Company and, therefore, the total number of voting rights in the Company as at 26 February 2010 was 1,050,278,712.

11. Recommendation

The Directors believe that the passing of all resolutions will be in the best interests of the Company and its shareholders as a whole and are unanimous in recommending that shareholders vote in favour of them.