LONR Lonrho

RNS Number:1718E
Lonrho PLC
20 September 2007



20th September 2007



                                   LONRHO Plc

                          ("Lonrho" or the "Company")



                 Completes logistics facility at LUBA FREEPORT



Lonrho (AIM:LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce the completion of a new and comprehensive
logistics facility at Luba Freeport. The new facility has been designed and
built for Mobil Equatorial Guinea Inc., ("MEGI"), an affiliate of Exxon Mobil
Corporation, at Lonrho's Luba Freeport in Equatorial Guinea.

The 'state of the art' 60,000 square metre facility comprises offices, marine
hose storage, warehousing, inspection sheds, wash bays, storage areas and a pipe
yard. The facility has been designed and built to American Petroleum Industry
(API) specifications. Following a six month construction period, MEGI took
possession of the property on September 12, with the exception of the pipe wash
bay which is currently being modified and anticipated to be completed before the
end of September.



Update on development plans



Since Lonrho's involvement in Luba, (the only natural deepwater freeport in West
Africa), in May 2006, there has been a rapid increase in building work and
improvement in facilities to accommodate the rise in new businesses which are
opening as a result of the boom in the local oil industry, which is fast
becoming one of the world's leading oil producing regions. The inauguration of
MEGI's logistics base follows completion of new facilities for Baker Hughes and
MI Swaco, and a new kitchen and dining hall to service upgraded accommodation at
the port.

The development of Luba is ahead of schedule and under budget on completion of a
new 70 metre quay extension, engineered by Danish group E. Pihl & Son A.S. ("
Pihl"), a global leader in marine construction. The new quay will be completed
and operational by October 2007, doubling the existing handling capacity of the
port.

Development of a further new 110 metre quay has been brought forward to meet
demand and will be completed in 2008 to service the growth in demand for port
facilities being driven by the burgeoning Gulf of Guinea oil industry. Long-lead
items such as steel sheet piles and anchors have already been placed on order so
that the development of this new quay can begin as soon as the 70 metre quay is
completed.

Current clients operating from Luba include Amerada Hess, Baker Hughes,
Marathon, MI Swaco, LOTEG, Schlumberger, Nalco, SBM, and United Africa Lines
(UAL)., Safmarine/Maersk and MEGI.



David Lenigas, Lonrho's Chairman and CEO commented:

"Today's announcement is another example that the Luba Freeport is fast becoming
the primary deepwater port servicing the oil industry in the Gulf of Guinea.
With Amerada Hess already operating from Luba, MEGI's addition means that Luba
now services both of the major oil producers in Equatorial Guinea. As a result
of this, we are now seeing demand from sub-contractors within the oil and gas
industry to invest in operational property within the port which will continue
to drive the development of Luba.



"I am delighted with the speed of development of the project. It is clear that
the potential we identified for the port was conservative. Luba is going from
strength to strength.





ENQUIRIES


Lonrho Plc                                                  +44 (0) 20 7016 5105
David Lenigas, Chief Executive                              +44 (0)7881 825 378
Emma Priestley, Executive Director                          +44 (0)7867 785 177





Pelham PR
Charles Vivian                                              +44 (0) 20 7743 6672
                                                            +44 (0) 7977 297903
Alisdair Haythornthwaite                                    +44 (0) 20 7743 6676
                                                            +44 (0) 7714 721379

Collins Stewart Europe
Hugh Field                                                  +44 (0) 20 7523 8350
Jonny Sloan



NOTES TO EDITORS


About LONRHO:



Lonrho Plc is an expanding conglomerate that is rapidly growing a successful
business throughout Africa.  The Company is listed on the London AIM stock
exchange (LONR). Lonrho is strategically focused on the development of business
opportunities in infrastructure, transportation, support services and natural
resources. The Company has over 20,000 shareholders and substantial
institutional backing to support its mandate to build a profitable business that
plays a fundamental role in the development of the African economy.



Since 2006, the Company has invested in or acquired control of:

*    Hotel Cardoso - www.hotelcardoso.co.mz (retained)

*    Nare Diamonds - www.narediamonds.com

*    Luba Freeport - www.lubafreeport.com

*    Fly540 - www.fly540.com

*    Norse Air - www.norseair.co.za

*    Swissta Holdings - www.swissta.com

*    SA Independent Liner Services




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