LONMIN PLC - STATEMENT RE PENSION SCHEME
Lonmin Plc
Share Code: LON
ISIN Code: GB0031192486
3 September 2004
Statement
The Board of Lonmin has decided to make a charge of $42m in the accounts for the
year ended 30 September 2004 in respect of the wind up of the legacy SUITS
pension scheme. SUITS was the holding company of the former UK activities of
the old Lonrho group and thus this liability relates to the discontinued
activities of the UK group, the last of which was sold in 1997. Members`
benefits will be secured in full by the purchase of annuities and the funding of
the purchase of these by the company will increase the group`s borrowings by
$42m accordingly. The charge will be treated as an exceptional item in the
accounts for the year to 30 September 2004.
End
Further enquiries:
John Robinson, Finance Lonmin Plc +44 (0)20 7201
Director 6000
Anthony Cardew/Olivia Cardew +44 (0)20 7930
Gallimore Chancery 0777
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