LONR Lonrho

TIDMLONR

RNS Number : 1381W

Lonrho PLC

22 January 2013

22(nd) January 2013

Lonrho Plc

("Lonrho" or the "Company")

Grant of Options

The Board of Lonrho announces the grant by the Company on 18(th) January 2013 of options over 2,000,000 ordinary shares of 1p each in the share capital of the Company to Ben Ward, CEO of Lonrho's Agribusiness division. The grant of options was made under the Company's Unapproved Share Option Plan.

The grant of options represents 0.1% of the Company's existing issued share capital.

The five day volume weighted average price at close on 18(th) January 2013 was 9.252p resulting in an option price of 9.252p for Mr Ward. The options have a two year vesting period and a four year exercise period from date of grant.

The Board considers that the award of these options is in line with the Company's policy of providing incentives to the senior management of the Group to achieve its continued growth as a substantial business investing across Africa.

For further information please contact:

   Lonrho Plc  (London)                              +44 (0) 20 7016 5105 

Geoffrey White

David Armstrong

   FTI Consulting (London)              +44 (0) 20 7831 3113 

Edward Westropp

Georgina Goodhew

This information is provided by RNS

The company news service from the London Stock Exchange

END

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