| Wed 11 Jun 2008, 11:32 | | LAF - Lonrho Plc - `Fly540 Angola` and `Lonrho Springs Angola` projects receive |
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LAF
LOLAF
LAF - Lonrho Plc - `Fly540 Angola` and `Lonrho Springs Angola` projects receive
approval from Angolan Government
Lonrho Plc
(Formerly Lonrho Africa Plc)
(Incorporated and registered in England and Wales)
(Registration number 2805337)
(Share code: LAF; ISIN number: GB0002568813)
("Lonrho" or "the Company")
`Fly540 Angola` and `Lonrho Springs Angola` projects
receive approval from Angolan Government
11 June 2008
Lonrho Plc (AIM: LONR), the conglomerate with a structured portfolio of African
investments, is pleased to announce that it has received the necessary formal
approvals from the Angolan Government, Agencia Nacional para o Investimento
Privado (ANIP) to permit its Fly540 airline and Lonrho Springs water bottling
projects in Angola to benefit from the tax holiday incentives promoted by ANIP.
This formal approval, the Certidao Registro Investimento Privado ( CRIP ), will
facilitate the importation of capital equipment on a duty free basis and the
repatriation of capital.
David Lenigas, Executive Chairman of Lonrho Plc commented:
"We are delighted that the ANIP approval process has been completed so
professionally in such a quick timeframe. Bureaucracy in Africa can be very
onerous and seriously delay projects. These approvals are a significant step to
commencing the operations for both Fly540 and Lonrho Springs within Angola and
providing tangible job creation and GDP to the Angolan economy."
LONRHO ENQUIRIES
Lonrho Plc +44 (0)20 7016 5105
David Lenigas, Executive Chairman +44 (0)7881 825 378
Geoffrey White, Chief Executive +44 (0)7717 307 308
Officer
Emma de Borchgrave, Executive +44 (0)7867 785 177
Director
Pelham PR
Charles Vivian +44 (0) 20 7743
6672
+44 (0) 7977 297903
James MacFarlane +44 (0) 20 7743
6375
+44 (0) 7841 672831
Collins Stewart Europe : NOMAD to
Lonrho
Hugh Field +44 (0) 20 7523
8350
NOTES TO EDITORS
About LONRHO:
Lonrho Plc is an expanding conglomerate that is rapidly growing a successful
business throughout Africa. The Company`s shares are traded on the London AIM
stock exchange (LONR). Lonrho is strategically focused on the development of
business opportunities in infrastructure, transportation, support services,
hotels and natural resources. The Company has over 19,000 shareholders and
substantial institutional backing to support its mandate to build a profitable
business that plays a fundamental role in the development of the African
economy.
Since 2006, the Company has invested in or acquired control of:
Hotel Cardoso - www.hotelcardoso.co.mz (retained)
Lonrho Mining - www.lonrhomining.com
Luba Freeport - www.lubafreeport.com
Fly540 - www.fly540.com
Swissta Holdings - www.swissta.com
SA Independent Liner Services - www.saliners.com
Bytes and Pieces www.bytespieces.com
Kwikbuild - www.e-kwikbuild.co.za
LonZim - www.lonzim.co.uk
South African sponsor to Lonrho Plc
Java Capital (Proprietary) Limited
Date: 11/06/2008 11:32:00 Produced by the JSE SENS Department.
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