LONR Lonrho

TIDM10HN 
Lonrho Plc Lonrho Completes The Separate Listing Of Its Airline Division, To Be Renamed 'fastjet'Lonrho completes the separate listing of its airline division, to be renamed 'Fastjet' 
 
LONRHO PLC 
(Incorporated and registered in England and Wales) 
(Registration number 2805337) 
(Share code: LAF ISIN number: GB0002568813) 
("Lonrho" or "the Company") 
 
Lonrho completes the separate listing of its airline division, to be renamed 'Fastjet', and Sir Stelios 
         Haji-Ioannou's easyGroup Holdings Ltd to become a shareholder in the airline 
 
Lonrho is pleased to announce the successful completion of the acquisition of Lonrho's airline 
division by Rubicon Diversified Investments Plc ("Rubicon", LN AIM: RUBI) for a transaction value of 
US$85.7m, satisfied by the issue of Rubicon ordinary shares to Lonrho. 
 
Lonrho previously announced its intention to separately list its airline division in an RNS dated 13 
June 2012 and the transaction was approved at a Rubicon General Meeting today. Rubicon has now 
completed the acquisition of Lonrho Aviation and the commencement of dealings on AIM in the 
enlarged share capital of Rubicon occurs at 8.00 a.m. on Monday 2 July 2012 ("Admission"). 
 
Following completion of the transaction, Lonrho's holding in the enlarged share capital of Rubicon 
will be 1,160,037,455 ordinary shares comprising 73.7%. The listing of the airline division into 
Rubicon provides the platform for further development of the airline and Sir Stelios Haji-Ioannou, 
the founder of easyJet, has become a shareholder in the enlarged company through his easyGroup 
Holdings Limited ("easyGroup"). This establishes a solid platform for the future development of the 
airline into a low cost carrier for Africa and Rubicon will be renamed to be branded 'Fastjet' under 
the terms of the easyGroup brand licence agreement. This future development will be managed by a 
specialist aviation team assembled by Sir Stelios and to be led by Ed Winter, who will become the 
CEO of Rubicon / FastJet. 
 
Ed Winter was previously the CEO of GO, the low cost airline of British Airways, and thereafter the 
COO of easyJet for five years. He will join the Fastjet board taking up one of the two Board 
appointments to be nominated by Sir Stelios' easyGroup. 
 
Lonrho has now completed its investment in the aviation sector and will become a more passive 
shareholder in the aviation business as FastJet implements its own strategy of developing the 
established Lonrho Aviation route network and operational platforms into the FastJet business 
model, delivering a low cost scheduled passenger airline to meet the significant growing demand for 
regional travel within Africa. 
 
The focus for Lonrho management moving forwards will be on further developing Lonrho's main 
business divisions in the agriculture, agri-logistics and oil and gas support services and infrastructure 
sectors. 
 
Lonrho intends to announce its Interim Results on or around Friday 3 August 2012. The Company will 
update the market at that time on progress within its remaining core divisions. 
 
Going forward, Lonrho will reflect Rubicon's financial results within the Company's consolidated 
financials as a subsidiary undertaking. Rubicon will also report on its results to the market separately 
going forward in accordance with AIM rules requirements. Lonrho's interim results will reflect the 
impact of a charge for share based payments, in part as a result of completion of the Rubicon 
acquisition of Lonrho Aviation on 29 June 2012. 
                          - Ends - 
Enquiries: 
 Lonrho Plc                   +44 (0) 20 7016 5105 
 David Lenigas 
 Geoffrey White 
 David Armstrong 
 
 Jefferies Hoare Govett       +44 (0) 20 7029 8000 
 Sara Hale 
 Harry Nicholas 
 Simon Brown 
 
 FTI Consulting               +44 (0) 20 7831 3113 
 Edward Westropp 
 Georgina Bonham 
 
29 June 2012 
 
South African sponsor 
Java Capital 
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