Notification of Interests

RNS Number:8980S
LonZim PLC
22 April 2008

22 April 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):

3 April 2008

6. Date on which issuer notified:

7 April 2008

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

3% and at 1% intervals thereafter

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 1,784,000 4.89%

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 Below 3% n/a Below 3%

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

Below 3% Below 3%

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 (Below 3%), A DISCRETIONARY INVESTMENT MANAGER, IS A
CONTROLLER OF THE OSPRAIE PORTFOLIO LTD (Below 3%).

OSPRAIE ADVISORS, L.P. ("OSPRAIE ADVISORS), A DISCRETIONARY INVESTMENT MANAGER,
IS A CONTROLLER OF THE OF OSPRAIE SPECIAL OPPORTUNITIES MASTER HOLDINGS LTD
(Below 3%). 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:

THESE 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: