Transfer of Deferred Shares

REGULATORY RELEASE

23 June 2016

Transfer of Deferred Shares

Lonmin Plc (the "Company") confirms that as stated in the prospectus for the 46 for 1 Rights Issue in 2015 and pursuant to a resolution of the shareholders of the Company passed on 19 November 2015 amending the Company's articles, all of the 2015 Deferred Shares will be transferred to the Company Secretary for aggregate nil consideration on 24 June 2016.

It is intended that all 2015 Deferred Shares will be cancelled without payment in due course and a further announcement will be made in respect of the same.  As the 2015 Deferred Shares carry no voting rights, the total number of voting rights in the Company will not be changed by the forthcoming cancellation of the 2015 Deferred Shares.

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