LONR Lonrho

RNS Number:7892G
Lonrho PLC
01 November 2007

1 November 2007

                                   LONRHO PLC

                           (Lonrho or the 'Company')


                            Lonrho update on LonZim
                Renaissance Capital appointed as Placement Agent

Lonrho (AIM: LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce that it has engaged Renaissance Capital
(www.rencap.com) as placement agent for the fund raising for LonZim, the
company's proposed investment vehicle for Zimbabwe.

Emerging market and African specialists, Renaissance Capital, have in-depth
knowledge of the international investor appetite for Africa.

A new funding structure has been implemented and it is planned to raise in
excess of #70 million for LonZim.

David Lenigas, Chairman of Lonrho stated :

'I am delighted that Renaissance Capital has agreed to act for the placement of
LonZim. Their knowledge of Africa and its unique opportunities, combined with
their worldwide presence are an ideal combination to ensure that LonZim attracts
the widest base of global investors possible.'

ENQUIRIES

Lonrho Plc                                                  +44 (0)20 7016 5105
David Lenigas, Executive Chairman                           +44 (0)7881 825 378
Geoffrey White, Chief Executive Officer                     +44 (0)7717 307 308
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 : NOMAD to Lonrho
Hugh Field                                                  +44 (0) 20 7523 8350

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)
*  Lonrho mining - www.lonrhomining.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
*  Bytes and Pieces
*  Celsys Limited - www.celsys.co.zw

1st November 2007

This announcement and the information contained herein is restricted and is not
for publication, release or distribution in whole or in part to US persons or in
or into the United States, Canada, Australia or Japan. This announcement is an
advertisement and not a prospectus.

This announcement is not an offer of securities for sale in the United States or
in any other jurisdiction.  The shares of LonZim PLC (the "Company") have not
been and will not be registered under the US Securities Act of 1933, as amended
(the "Securities Act") and may not be offered or sold in the United States
unless registered under the Securities Act or pursuant to an exemption from such
registration.  The Company has not been and will not be registered under the US
Investment Company Act of 1940, as amended.  There will be no public offering of
the shares in the United States.

Investors may only subscribe for or purchase any shares referred to in this
announcement on the basis of information in the admission document (the 
"Admission Document") to be published by the Company in due course in connection
with the initial public offering of ordinary shares (the "Offering") and the
admission of its ordinary shares (the "Shares") to trading on the AIM market of
the London Stock Exchange.

This announcement has been prepared by and is the sole responsibility of the
Company. This announcement is an advertisement and not a prospectus and is not
an offer to sell or a solicitation of any offer to buy any securities in the
United States or in any other jurisdiction.

Neither this document nor anything contained herein shall form the basis of, or
be relied upon in connection with, any offer or commitment whatsoever in any
jurisdiction.  Any offer to acquire securities pursuant to the Offering will be
made, and any investor should make their investment, solely on the basis of
information that is contained in the Admission Document.

This announcement is based upon information which the Company considers
reliable, but no representation or warranty, express or implied, is given by or
on behalf of the Company, Lonrho Plc ("Lonhro") or Renaissance Capital Limited
("Renaissance") or any of such persons' affiliates or their respective members,
directors, officers or employees or any other person that it is accurate and
complete and nor should it be relied upon as such.  The information in this
announcement is subject to change and none of the Company, Lonrho, or
Renaissance have any obligation to update this document or to correct
inaccuracies or omissions which may become apparent.

All investments are subject to risk.  The value of investments may fluctuate.
Results achieved in the past are no guarantee of future results.  An investment
in the Company is speculative and involves a substantial degree of risk,
including the risk of total loss.  Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before making any
investment decision.

Factual statements, statistical data, information regarding actual and proposed
issues contained in this document, views expressed, and projections, forecasts
or statements relating to various matters referred to in this document do not
necessarily represent the Company's, Lonrho's or Renaissance's own assessment or
interpretation of information.  Prospective investors should not treat the
contents of this document as advice relating to legal, taxation or investment
matters, and are to make their own assessments concerning these and other
consequences of any investment, including the merits of investing and the risks.

Renaissance is authorised under is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting for the Company and
no-one else in connection with the Offering and will not be responsible to
anyone other than the Company for providing the protections afforded to its
clients or for providing advice in relation to the Offering, this document or
any other matter.

This press release does not constitute, and may not be used for the purposes of,
an offer or an invitation to subscribe for Shares by any person in any
jurisdiction in which (i) such offer or invitation is not authorized; or (ii) in
which the person making such offer or invitation is not qualified to do so; or
(iii) to any person to whom it is unlawful to make such offer or invitation.

Notice to prospective investors in the UK

This announcement is directed only at persons in the United Kingdom who are: (i)
persons having professional experience in matters relating to investments who
fall within the definition of "investment professionals" in Article 19 (5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001; or
(ii) high net worth bodies, corporate, unincorporated associations and
partnerships and trustees of high value trusts as described in Article 49 (2) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001.
Persons within the United Kingdom who receive this announcement (other than
persons falling within (i) and (ii) above) should not rely on or act upon this
communication.

Forward Looking Statements

Certain statements contained in this document, including those relating to the
Offering may be forward-looking statements.  By their nature, forward-looking
statements involve a number of risks, uncertainties and assumptions that could
cause actual results or events to differ materially from those expressed or
implied by the forward-looking statements.  These risks, uncertainties and
assumptions could adversely affect the outcome and financial effects of the
plans and events described herein.

None of Renaissance, Lonrho or the Company undertake any obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.  A prospective investor should not place undue
reliance on forward-looking statements, which speak only as of the date of this
document.


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

MSCGGBDBGBGGGRB

Lonrho (LSE:LONR)
Historical Stock Chart
From Jun 2024 to Jul 2024

Lonrho (LSE:LONR)
Historical Stock Chart
From Jul 2023 to Jul 2024