Result of Equity Issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT IS NOT PERMITTED BY APPLICABLE LAW OR REGULATION

11 December 2012

LONMIN PLC

RESULT OF RIGHTS ISSUE

Lonmin Plc ("Lonmin" or "the Company") today announces that, as at 11.00 a.m. (UK time) on 10 December 2012, being the latest time and date for receipt of valid acceptances, it had received valid acceptances in respect of 354,416,422 New Shares, representing approximately 96.97 per cent of the total number of New Shares offered to Shareholders, pursuant to the Rights Issue announced by the Company on 9 November 2012.

The Chairman of Lonmin, Roger Phillimore, said: "I am delighted that the board and management team has received such overwhelming support from shareholders, in both the UK and South Africa, and would like to convey our gratitude to them. The proceeds of the Rights Issue, allied to the amended banking facilities, provides financial security for Lonmin. Management now has a secure platform from which to deliver the Lonmin Renewal Plan."

In the UK, New Shares in uncertificated form will be credited to CREST accounts on 11 December 2012 and definitive share certificates in respect of New Shares in certificated form will be dispatched to Shareholders by no later than 18 December 2012. In South Africa, dematerialised shareholders will have their accounts credited with New Shares on 11 December 2012 and share certificates will be dispatched to certificated Shareholders by no later than 18 December 2012. New Shares will commence trading fully paid on the London Stock Exchange on 11 December 2012.

Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc and Standard Bank Plc will, acting severally and not jointly (or jointly and severally) and as agents for the Company, use their respective reasonable endeavours to procure subscribers for the balance of 11,080,521 New Shares not validly taken up under the Rights Issue by no later than 12 December 2012, subject to certain terms and conditions agreed with the Company. A further announcement as to the number of New Shares for which subscribers have been procured by Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc and Standard Bank Plc will be made in due course.

Any premium over the UK Issue Price of 140 pence (or its equivalent in ZAR at the time of sale, as the case may be) per New Share and the related expenses of procuring subscribers (including any applicable brokerage and other commissions and any amounts attributable to VAT and currency conversion costs) will be paid to those Qualifying Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that, in accordance with the terms of the Rights Issue, individual amounts of less than GBP 5.00 or the equivalent in ZAR, calculated using the foreign exchange rate at the date of payment (but which would have been approximately ZAR69.67 based on the spot exchange rate at the close of business on 10 December 2012) will not be so paid but will be aggregated and retained for the Company's own benefit.

If and to the extent that subscribers cannot be procured on the basis outlined above, the relevant New Shares will be subscribed for by Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc, Standard Bank Plc and the other Underwriters, acting severally but not jointly (or jointly and severally), as principals pursuant to the Underwriting Agreement or by sub-underwriters or other subscribers (if any) procured by the Underwriters, in each case, at the UK Issue Price or at the SA Issue Price on the terms and subject to the conditions of the Underwriting Agreement.

Capitalised terms used and not defined in this announcement shall have the same meanings as in Part XIV (Definitions and Glossary) of the prospectus relating to the Rights Issue dated 9 November 2012.

ENDS

Enquiries:

Investors / Analysts:

Lonmin

Media:

Cardew Group

Brunswick - Johannesburg

Notes to editors

Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, is one of the world's largest primary producers of PGMs. These metals are essential for many industrial applications, especially catalytic converters for internal combustion engine emissions, as well as their widespread use in jewellery.

Lonmin's operations are situated in the Bushveld Complex in South Africa, where nearly 80% of known global PGM resources are found.

The Company creates value for shareholders through mining, refining and marketing PGMs and has a vertically integrated operational structure - from mine to market. Lonmin's mining operations extract ore from which the Process Division produces refined PGMs for delivery to customers. Underpinning the operations is the Shared Services function which provides high quality levels of support and infrastructure across the operations.

For further information please visit our website: http://www.lonmin.com

Disclaimer

This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information contained in the prospectus dated 9 November 2012 published by the Company in connection with the Rights Issue. Copies of the prospectus may be obtained from the Company's registered office, via the National Storage Mechanism and on the Company's website subject to certain restrictions. The prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation is unlawful.

This announcement does not constitute, or form part of, any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security in the capital of the Company in any jurisdiction. Any decision to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any New Shares should only be made on the basis of information contained in and incorporated by reference into the Prospectus which contains further details relating to the Company in general as well as a summary of the risk factors to which an investment in the New Shares is subject. Nothing in this announcement should be interpreted as a term or condition of the Rights Issue.

This announcement and the information contained herein is not an offer of securities for sale in the United States. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"), or with any securities regulatory authority of any State or other jurisdiction of the United States and may not be offered, sold, resold, pledged, taken up, exercised, renounced or otherwise delivered, distributed or transferred, directly or indirectly, into or within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any State or other jurisdiction of the United States. No public offering of any securities of the Company will be made in the United States. No money, securities or other consideration from any person inside the United States is being solicited and, if sent in response to the information contained in this announcement, will not be accepted.

This announcement does not constitute an offer of New Shares to any person with a registered address in, or who is resident in, Australia, Canada or Japan. The New Shares have not been and will not be registered under the relevant laws of any state, province or territory of Australia, Canada or Japan. Subject to certain limited exceptions, neither the Prospectus nor this announcement will be distributed in or into Australia, Canada or Japan. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

Each of Citigroup Global Markets Limited, HSBC Bank plc, J.P. Morgan Securities plc, Standard Bank Plc and the other Underwriters, each of which (save as described in the part of the Prospectus entitled "Important Information") is authorised and regulated in the United Kingdom by the FSA, is acting solely for Lonmin and no one else in connection with the Rights Issue and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Rights Issue and will not be responsible to anyone other than Lonmin for providing the protections afforded to their respective clients nor for giving advice in connection with the Rights Issue or any other transaction, arrangement or matter referred to in this announcement.

This announcement has been issued by, and is the sole responsibility of Lonmin. Apart from the responsibilities and liabilities, if any, which may be imposed on the Underwriters under FSMA or the regulatory regime established thereunder, none of the Underwriters accepts any responsibility or liability whatsoever and makes no representation or warranty, express or implied, in relation to the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by them, or on their behalf, in connection with Lonmin, the New Shares or the Rights Issue. The Underwriters accordingly disclaim to the fullest extent permitted by law all and any responsibility and liability, whether arising in tort, contract or otherwise, which they might otherwise be found to have in respect of this announcement or any such statement.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.