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Fri 2 Jul 2004, 15:22 Dividend Exchange Rate
Lonmin Plc - Dividend Exchange Rate                                             
  Lonmin Plc                                                                      
  (Incorporated in England)                                                       
  (Registered in the Republic of South Africa under registration number           
  1969/000015/10)                                                                 
  ISIN code: GB0031192486                                                         
  Share code: LON                                                                 
  Issuer code: LOLMI                                                              
  (`Lonmin`)                                                                      
  Dividend Exchange Rate                                                          
  Further to the announcement to shareholders published on 13 May 2004 in which   
  shareholders were informed that the exchange rate to be used to determine the   
  Rand equivalent of the interim dividend for the year ending 30 September 2004   
  payable on 13 August 2004 would be calculated on 2 July 2004, shareholders are  
  hereby advised that the exchange rate to be used will be US$1 = R 6.25115. This 
  has been calculated as the average of the bid/ask spread as at 14h00(South      
  African time) on 2 July 2004.                                                   
  Consequently, the Rand value of the cash entitlement of 30 US cents per share   
  will be 187.5345 cents per share.                                               
  Johannesburg                                                                    
  2 July 2004                                                                     
  Sponsor                                                                         
  Cazenove                                                                        
  Date: 02/07/2004 03:07:12 PM Produced by the JSE SENS Department
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