Notification of Interests

RNS Number:1002R
LonZim PLC
28 March 2008

28 March 2008

LONZIM PLC

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

LonZim Plc

2. Reason for the notification (please place an X inside the appropriate
bracket/s):

An acquisition or disposal of voting rights: (X)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify): ( )

.................

3. Full name of person(s) subject to the notification obligation:

Ospraie Management, LLC

4. Full name of shareholder(s) (if different from 3):

See section 9 below

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

25 March 2008

6. Date on which issuer notified:

27 March 2008

7. Threshold(s) that is/are crossed or reached:

3% and at 1% intervals

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible Situation previous to the Triggering transaction
using the ISIN CODE
Number of shares Number of voting Rights

IM00B28CVH58 1,944,000 5.33%

Resulting situation after the triggering transaction

Class/type of shares if Number of shares Number of voting rights % of voting rights
possible using the ISIN CODE
Direct Direct Indirect Direct Indirect

IM00B28CVH58 n/a n/a 1,784,000 n/a 4.89%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Date Exercise/Conversion Number of voting rights % of voting rights
financial Period/ Date that may be acquired if the
instrument instrument is exercised/
converted.

n/a n/a n/a n/a n/a

Total (A+B)
Number of voting rights % of voting rights

1,784,000 4.89%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

IN THE NARRATIVE BELOW, THE FIGURES IN BRACKETS INDICATE THE AMOUNT OF VOTING
RIGHTS AND THE PERCENTAGE HELD BY CONTROLLED UNDERTAKINGS WHERE RELEVANT.

OSPRAIE MANAGEMENT, LLC (1,784,000; 4.89%), A DISCRETIONARY INVESTMENT MANAGER,
IS A CONTROLLER OF THE OSPRAIE PORTFOLIO LTD (892,000; 2.45%).

OSPRAIE ADVISORS, L.P. ("OSPRAIE ADVISORS"), A DISCRETIONARY INVESTMENT MANAGER,
IS A CONTROLLER OF THE OSPRAIE SPECIAL OPPORTUNITIES MASTER HOLDINGS LTD
(892,000; 2.45%). OSPRAIE ADVISORS, LLC, IN ITS CAPACITY AS GENERAL PARTNER, IS
A CONTROLLER OF OSPRAIE ADVISORS. OSPRAIE MANAGEMENT, LLC, IN ITS CAPACITY AS
MANAGING MEMBER, IS A CONTROLLER OF OSPRAIE ADVISORS, LLC.

Proxy Voting:

10. Name of the proxy holder:

N/a

11. Number of voting rights proxy holder will cease to hold:

N/a

12. Date on which proxy holder will cease to hold voting rights:

N/a

13. Additional information:

THE SHARES REFERRED TO IN SECTION 9 ABOVE ARE HELD IN PORTFOLIOS MANAGED BY
THOSE FIRMS ON A DISCRETIONARY BASIS FOR ITS CLIENT.

14. Contact name:

Jim Hughes

15. Contact telephone number: