LONR Lonrho

    RNS Number : 3466B
  Lonrho PLC
  14 August 2008
   

    14 August 2008
    LONRHO 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:

    Lonrho 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):

    11 August 2008

    6. Date on which issuer notified:

    13 August 2008

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

    3.00% (The Ospraie Portfolio Ltd.) and 5.00% (Ospraie Management, LLC)

      8. Notified details:

    A: Voting rights attached to shares

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

 GB0002568813                                     22,824,511  5.41%


                                   *as of previous filing on  *as of previous filing on 
                                                     23/7/08  23/7/08

                                 16,508,375                   3.92%


                                 *as of previous filing on    *as of previous filing on 
                                 23/7/08                      23/7/08

    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

 GB0002568813                    n/a                n/a             16,809,393  n/a     3.69%


                                                                      (Ospraie          (Ospraie Management,
                                                              Management, LLC)          LLC)

                                                            11,515,827          n/a     2.53%


                                                            (The Ospraie                (The Ospraie
                                                            Portfolio Ltd.)             Portfolio Ltd.)

    B: Financial Instruments
    Resulting situation after the triggering transaction

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

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

 16,809,393               3.69%

    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 (16,809,393; 3.69%), a discretionary investment manager, is a controller of The Ospraie Portfolio Ltd
(11,515,827; 2.53%).

    Ospraie Advisors, L.P. ("Ospraie Advisors"), a discretionary investment manager, is a controller of The Ospraie Special Opportunities
Master Holdings Ltd (5,293,566; 1.16%). 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 clients.

    14. Contact name:

    Jim Hughes

    15. Contact telephone number:

    +44(0)20 7016 5105

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