LonZim Plc (LZN.LN), a Lonrho Plc (LONR.LN) affiliated investment company focused on the recovery of Zimbabwe, it made a pretax loss of GBP2,380,000 for the six months to Feb. 28, 2010, compared with a previous loss of GBP746,000.

MAIN FACTS:

-Revenue: GBP2,677,000 (2009: GBP495,000)

-Loss per share: 5.59 pence (2009: Loss 2.0 pence)

-Net Cash: GBP1,833,000 (2009: GBP13,220,000)

-Dividend: n/a

-The company is confident that Zimbabwe has a future.

-The people of Zimbabwe remain one of the most industrious, valued and skilled workforces on the Continent, the basic infrastructure across the country is strong and Zimbabwe remains a beautiful destination with significant tourism and agricultural potential.

-The opportunity for the country to once again become a leading African economy remains tantalizingly available.

-Shares at 1348 GMT stood at 28.50 pence.

-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; zechariah.hemans@dowjones.com

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