Update on Placing (2664H)

TIDMLONR

RNS Number : 2664H

Lonrho PLC

25 May 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Lonrho Plc ("Lonrho" or the "Company")

Update on placing

On 20 May 2011 Lonrho announced a placing of up to 118,000,000 new ordinary shares in the capital of the Company at 16.5 pence per share ("Placing") to raise gross proceeds of GBP19.5 million. The Placing was limited to 118,000,000 new shares in the capital of Lonrho ("Placing Shares") representing approximately 9.99per cent. of the current issued share capital of Lonrho.

Lonrho is now pleased to confirm that 118,000,000 Placing Shares have been placed.

It is expected that Admission will take place and that dealings in the Placing Shares will begin on 26 May 2011.

Enquiries

 
 Lonrho Plc               +44 (0) 20 7016 5105 
 David Lenigas 
 Geoffrey White 
 David Armstrong 
 
 Panmure Gordon           +44 (0) 20 7459 3600 
 Tim Linacre 
 Dominic Morley 
 Adam Pollock 
 Hannah Woodley 
 
 Pelham Bell Pottinger    +44 (0) 20 7861 3126 
 Charles Vivian

Important Information

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Lonrho Plc and for no one else in connection with the Placing and will not be responsible to anyone other than Lonrho for providing the protections afforded to clients of Panmure Gordon (UK) Limited or for affording advice in relation to the Placing, or any other matters referred to herein.

The Placing Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold or delivered, directly or indirectly, in or into the United States absent registration except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. The Placing Shares are being offered and sold outside the United States only in offshore transactions in accordance with Regulation S under the Securities Act. No public offering of the Placing Shares is being made in the United States. Persons receiving this announcement (including custodians, nominees and trustees) must not forward, distribute, mail or otherwise transmit it in or into the United States or use the United States mails, directly or indirectly, in connection with the Placing.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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