RNS Number:0758Q
Lonmin PLC
23 September 2003


23 September 2003


                       Lonmin Plc Convertible Bond Issue

This press release is not an offer for sale of the Bonds of Lonmin Plc in the
United States. The Bonds are not being registered under the US Securities Act of
1933, as amended, and may not be offered or sold in the United States or to US
persons except pursuant to an applicable exemption from such registration. Any
offering of the securities will be made only by means of an Offering Circular
containing detailed information regarding Lonmin Plc and its management,
including financial statements. Such an Offering Circular will be made available
through Lonmin Plc.

Stabilisation/FSA

Lonmin Convertible Bond issue successful

Lonmin Plc ("Lonmin" or the "Group") announces the successful issue of
approximately US$215.8 million unsubordinated unsecured Convertible Bonds due 30
September 2008 (the "Bonds") and convertible into ordinary shares of Lonmin (the
"Shares").

The Bonds will be issued at par. The coupon on the Bonds will be 3.75% per annum
payable semi-annually in arrears. The conversion price will be USD$20.4023, a
30% premium to the reference price. Settlement is expected to be on or about 30
September 2003. If not converted or previously redeemed the Bonds will be
redeemed at par on 30 September 2008. The net proceeds of the Issue will be used
by Lonmin for general corporate purposes and the reduction of other debt.

Application will be made for the Bonds to be admitted to the Official List of
the UK Listing Authority and to the London Stock Exchange plc for the Bonds to
be admitted to trading on the London Stock Exchange Plc's market for listed
securities.

Cazenove & Co. Ltd and Morgan Stanley & Co. International Limited are Joint
Bookrunners and Joint Lead Managers to the Issue.

Convertible Bond Enquiries

Lonmin Plc
John Robinson, Finance Director
Tel: +27 11 516 1300

Cazenove & Co. Ltd
Joint Lead Manager
James Douglas, Director
Tel: +44 20 7155 8880

Morgan Stanley & Co. International Limited
Joint Lead Manager
John Porter, Executive Director
Tel: +44 20 7677 3301

Analyst/Press Enquiries:

Anthony Cardew/Jackie Range - CardewChancery +44 20 7930 0777

Notes to Editors:

Lonmin Plc is a mineral resources group, specialising in the mining of platinum
group metals and gold. The Group's primary product is platinum and it operates
three platinum mines, which include metallurgical and refining operations in
South Africa. Lonmin's gold interests stem from a 26.7% interest in the Ashanti
Goldfields Company in Ghana.

Members of the general public are not eligible to take part in this offering. In
the United Kingdom, this announcement, in so far as it constitutes an invitation
or inducement to participate in the offering, is directed exclusively at persons
who have professional experience in matters relating to investments who fall
within article 19(5) (investment professionals) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2001 (as amended) (the "Order") or
are persons falling within article 49(2)(a) to (d) (high net worth companies,
unincorporated associations etc) of the Order (all such persons together being
referred to as "relevant persons"). This announcement, in so far as it
constitutes an invitation or inducement to participate in the offering, must not
be acted on or relied on by persons who are not relevant persons. The Bonds
referred to in this announcement will be issued only to relevant persons.

Cazenove & Co. Ltd is acting for Lonmin Plc and no one else in connection with
the offer of the Bonds and will not be responsible to any other person for
providing the protections afforded to their respective clients, or for providing
advice in relation to the proposed offer.

Morgan Stanley & Co. International Limited is acting for Lonmin Plc and no-one
else in relation to the offer of the Bonds and will not be responsible to any
person other than Lonmin Plc for providing the protections afforded to its
clients or for providing advice in relation to the proposed offer or in relation
to the contents of this announcement or any other transaction, arrangement or
matter referred to herein.






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

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