RNS Number:0439O
Lonrho PLC
14 February 2008


                                  LONRHO PLC
                         ('Lonrho' or the 'Company')

                    Lonrho Completes �24.50 million Placing

                           Placing of Ordinary Shares

The Board of Lonrho is pleased to announce that the Company has raised �24.50
million gross (�24.25 million net of expenses) by way of a placing of 56,978,788
new ordinary shares of 1 pence each in the share capital of the Company
('Placing Shares') at 43 pence per Placing Share with certain institutions and
other investors ('Placing').

The Placing Shares will represent approximately 15.04 per cent of the Company's
enlarged issued share capital and application will be made for the admission of
the Placing Shares to trading on AIM. It is expected that dealings in the
Placing Shares will commence at 8.00 a.m. on Wednesday 20 February 2008.  The
total number of shares in issue following completion of the Placing will be
378,814,995.

The Placing will enable the Company to continue to provide the necessary funds
for its growing investments in Africa, in particular the further expansion of
Luba Freeport in Equatorial Guinea and the planned expansion in the operations
of SA Independent Liner Services, the South African based shipping line, Fly540,
the low cost pan African airline, Bytes & Pieces, the Southern African
commercial IT solution providers company  and Swissta's water bottling plants.
It will also enable the Company to fund further investment opportunities that
are in line with its strategy.

David Lenigas, Executive Chairman, commented:

"We are pleased to have completed such a significant fundraising in difficult
markets. These funds will enable us to pursue and accelerate the Company's
growth strategy across the African continent, as we look to increase
profitability from our existing assets and increase value for our shareholders."

14 February 2008

For further information, please contact:

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 297 903
James MacFarlane                                      +44 (0) 20 7743 6375

                                                      +44 (0) 7841 672831
Collins Stewart Europe
Hugh Field / Jonny Sloan                              +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, communications, hotels, distribution and
agribusiness. 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
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 - www.saliners.com
Bytes and Pieces - www.bytespieces.com
Celsys Limited - www.celsys.co.zw
Kwikbuild - www.kwikbuild.co.za
LonZim - www.lonzim.co.uk


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