RNS Number : 4328W
  Lonrho PLC
  11 June 2008
   

    11 June 2008
    LONRHO PLC
("Lonrho" or the "Company")

    'Fly540 Angola' and 'Lonrho Springs Angola' projects 
    receive approval from Angolan Government


    Lonrho Plc (AIM: LONR), the conglomerate with a structured portfolio of African investments, is pleased to announce that it has received
the necessary formal approvals from the Angolan Government, Agcia Nacional para o Investimento Privado (ANIP) to permit its Fly540 airline
and Lonrho Springs water bottling projects in Angola to benefit from the tax holiday incentives promoted by ANIP.  

    This formal approval, the Certidao Registro Investimento Privado ( CRIP ), will facilitate the importation of capital equipment on a
duty free basis and the repatriation of capital.

    David Lenigas, Executive Chairman of Lonrho Plc commented:

    "We are delighted that the ANIP approval process has been completed so professionally in such a quick timeframe. Bureaucracy in Africa
can be very onerous and seriously delay projects. These approvals are a significant step to commencing the operations for both Fly540 and
Lonrho Springs within Angola and providing tangible job creation and GDP to the Angolan economy." 


    LONRHO 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 de Borchgrave, Executive Director    +44 (0)7867 785 177
                                            
 Pelham PR                                  
 Charles Vivian                            +44 (0) 20 7743 6672
                                           +44 (0) 7977 297903
 James MacFarlane                          +44 (0) 20 7743 6375
                                           +44 (0) 7841 672831
                                            
 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's shares are traded
on the London AIM stock exchange (LONR). Lonrho is strategically focused on the development of business opportunities in infrastructure,
transportation, support services, hotels and natural resources. The Company has over 19,000 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 
    Swissta Holdings - www.swissta.com 
    SA Independent Liner Services - www.saliners.com 
    Bytes and Pieces www.bytespieces.com 
    Kwikbuild - www.e-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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