STERLING DIVIDEND RATE

24 January 2011

STERLING DIVIDEND RATE

The Board of Lonmin Plc has previously announced a recommended final dividend of 15 cents per share payable on 11 February 2011. This will be paid in sterling to UK shareholders converted at the forward exchange rate quoted to the Company on 24 January 2011 ($1.5947/£1). Accordingly, the sterling dividend payable will be 9.41 pence per share. All overseas shareholders other than those on the South African branch register will receive their dividend in US dollars.

Enquiries:

Equiniti Registrars Helpline

0871 384 2052 (UK callers)

+44 (0)121 415 7047 (International callers)

Tanya Chikanza

Head of Investor Relations

Lonmin Plc

+44 (0) 20 7201 6007

Rupert Pittman/Jamie Milton

Cardew Group

+44 20 7930 0777

END