03 October, 2011
Lonmin Plc (Lonmin) is pleased to announce that Lonmin, Western Platinum Limited (WPL), Messina Limited (Messina) and Messina Platinum Mines Limited (MPML) have entered into a conditional share subscription agreement (SSA) with Shanduka Group (Proprietary) Limited (Shanduka) offering Shanduka the opportunity of carrying out a Feasibility Review to assess the viability of it operating and developing Lonmin’s Limpopo Division. Assuming a successful outcome of the Feasibility Review, Shanduka will raise the necessary funds and will be entitled to subscribe for 50% plus one share in the issued share capital of MPML which is currently a wholly owned subsidiary of Messina (wholly owned by WPL), thereby acquiring control and operational management of Lonmin’s Limpopo Division (the Transaction).