LON
LOLMI
Lonmin Plc - Incwala Investment
Lonmin Plc
(Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code:LON
Issuer Code:LOLMI & ISIN:GB0031192486
("Lonmin")
30 June 2006
Lonmin is pleased to announce the inclusion of its black economic empowerment
partner Incwala Resources as an 18% shareholder in Lonmin Platinum Limpopo.
Following an internal restructuring, Western Platinum Limited, in which Incwala
has an 18% stake, has acquired Messina Limited the owner of the Limpopo mine.
As part of this restructuring Western Platinum has signed a 7 year US$300
million facility to finance the acquisition and refinance the debt in Messina.
This new facility had been provided by a syndicate of local and international
banks including Barclays Bank plc, Calyon Corporate and Investment Bank (South
Africa branch), HSBC Bank plc, Lloyds TSB Bank plc, Standard Chartered Bank
(facility agent) and Standard Finance (Isle of Man) Limited.
This facility will replace the acquisition facility at the Lonmin Plc level used
for the purchase of Southern Platinum and is in line with Lonmin"s strategy of
keeping the group"s debt at the cash generating operational level.
Enquiries:
Alex Shorland-Ball +44 (0) 20 7201 6060
Vice President, Investor Relations & Communications
ENDS
Date: 30/06/2006 10:20:07 AM Produced by the JSE SENS Department
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