Acquisition of AfriOre

RNS Number:2589Q
Lonmin PLC
29 January 2007


Acquisition of AfriOre - Offer Successful


Lonmin Plc (''Lonmin'') today announces that the conditions of its offer (the
"Offer") to acquire all of the issued and outstanding common shares (the
"Shares") in the capital of AfriOre Limited ("AfriOre") for cash consideration
of C$8.75 per Share have been complied with or waived.

Lonmin has been advised that, as of 5:00 p.m. (Toronto time) on January 26,
2007, approximately 49.4 million Shares, representing approximately 94% of the
aggregate number of Shares issued and outstanding and approximately 87% of the
Shares on a fully diluted basis, have been tendered (or guaranteed for delivery)
to the Offer. Lonmin has taken up these Shares and will pay for such Shares by
January 31, 2007.

In order to permit shareholders of AfriOre who have not had the opportunity to
tender their Shares (and be paid the consideration) under the Offer to do so,
Lonmin has extended the Offer to 1:00 p.m. (Toronto time) on February 8, 2007. A
notice of extension has been mailed out to shareholders today.

For further information about tendering procedures or the Lonmin offer,
shareholders of AfriOre may contact Innisfree M&A Incorporated at 1-888-750-5834
(English speakers in Canada and U.S.), 1-877-825-8777 (French speakers in Canada
and U.S.) or 00800-7710-9970 (from the United Kingdom and other European Union
countries as well as Switzerland and Norway). Banks and brokers may call collect
at 1-212-750-5833.

Enquiries:

Alex Shorland-Ball                                          [phone]
Vice President, Investor Relations & Communications


Forward Looking Statements:

This announcement includes forward-looking statements. Information contained in
this announcement relating to AfriOre has been compiled from public sources. All
statements other than statements of historical fact included in this
announcement, including without limitation those regarding Lonmin's plans,
objectives and expected performance, are forward-looking statements. Lonmin has
based these forward-looking statements on its current expectations and
projections about future events, including numerous assumptions regarding its
present and future business strategies, operations, and the environment in which
it will operate in the future. Forward-looking statements generally can be
identified by the use of forward-looking terminology such as 'ambition', 'may',
'will', 'could', 'would', 'expect', 'intend', 'estimate', 'anticipate',
'believe', 'plan', 'seek' or 'continue', or negative forms or variations of
similar terminology. Such forward-looking statements involve known and unknown
risks, uncertainties, assumptions and other factors related to Lonmin,
including, among other factors: (1) the risk that the businesses of Lonmin and
AfriOre will not be integrated successfully; (2) material adverse changes in
economic conditions generally or in relevant markets or industries in
particular; (3) fluctuations in demand and pricing in the mineral resource
industry and fluctuations in exchange rates; (4) future regulatory and
legislative actions and conditions affecting Lonmin's and AfriOre's operating
areas; (5) obtaining and retaining skilled workers and key executives; and (6)
acts of war and terrorism. By their nature, forward-looking statements involve
risks, uncertainties and assumptions and many relate to factors which are beyond
Lonmin's control, such as future market conditions and the behaviour of other
market participants. Actual results may differ materially from those expressed
in forward-looking statements. Given these risks, uncertainties, and
assumptions, you are cautioned not to put undue reliance on any forward-looking
statements. In addition, the inclusion of such forward-looking statements should
under no circumstances be regarded as a representation by Lonmin that Lonmin
will achieve any results set out in such statements or that the underlying
assumptions used will in fact be the case. Other than as required by applicable
law or the applicable rules of any exchange on which Lonmin's securities may be
listed, Lonmin has no intention or obligation to update or revise any
forward-looking statements included in this announcement after the release of
this announcement.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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