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Lonmin Plc

Completion of Wage Negotiations 

Lonmin Plc ("Lonmin") announces that it has completed a two year wage agreement with the National Union of Mine Workers in respect of its Marikana operations. Employees will receive a 10% wage increase during the first year of the agreement, which will be back-dated to 1 October 2009. In the second year of the wage agreement, employees will be eligible to receive a CPI (Consumer Price Index) plus 2% wage increase. In addition, certain minimum rates of pay will be increased over the life of the wage agreement.

Furthermore, in November 2009, Lonmin concluded a one year wage agreement with Solidarity, under the terms of which employees will receive a 9.5% wage increase for the 2010 financial year.

Mahomed Seedat, Chief Operating Officer, commented:

'We are pleased to have successfully concluded these wage negotiations. This was achieved as a result of the concerted efforts of the negotiating teams involved, representing Lonmin and all of the recognised unions, to finalise the agreements. We are grateful to them for the constructive manner in which they carried out and concluded these negotiations.'

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Head of Investor Relations

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