RNS Number : 0497Z
  Lonrho PLC
  15 July 2008
   

    15th July 2008
    LONRHO PLC
    ('Lonrho' or the 'Company')

    Lonrho Completes �11.11 million Placing

    Placing of Ordinary Shares

    The Board of Lonrho is pleased to announce that the Company is raising �11.11 million gross (�10.74 million net of expenses) by way of a
placing of 42,720,208 new ordinary shares of 1 pence each in the share capital of the Company ('Placing Shares') at 26 pence per Placing
Share with certain institutions and other investors ('Placing').

    The Placing Shares will represent approximately 10.13 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 18th July 2008. The total number of shares in issue following completion of the Placing will be 421,535,203.

    The Placing will enable the Company to continue the roll out of its activities.

    David Lenigas, Executive Chairman, commented:

    "We are delighted to raise �11 million in an uncertain market, and look forward to investing these funds to accelerate growth from
Lonrho's assets."

    For further information, please contact:

    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 & Pieces www.bytespieces.com 
    Kwikbuild - www.e-kwikbuild.co.za 
    LonZim - www.lonzim.co.uk 




This information is provided by RNS
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