POLITICS

No agreement yet on new recognition agreement with AMCU - Lonmin

Company says senior commissioners of CCMA have issued a Certificate of Non-Resolution

REGULATORY RELEASE

22 May 2013

Update on union recognition negotiations

Lonmin Plc ("the Company") announces that, in negotiations through the Commission for Conciliation, Mediation and Arbitration (CCMA), no agreement has been reached on forming a new union recognition agreement with the Association of Mineworkers and Construction Union (AMCU).

With no resolution between the parties having been obtained, the senior commissioners of the CCMA issued a Certificate of Non-Resolution on the afternoon of Tuesday 21 May, 2013. The parties have agreed to meet for a further session on Thursday 23 May, 2013, to attempt to move the process forward.

If no agreement can be reached at that meeting the process will then move to formal arbitration. Acting CEO Simon Scott said: "This is a lengthy and complex process and whilst we have not yet reached an agreement we are committed to a labour relations environment that can sustain peace and stability at our mines and in our mining communities."

The Company will make a further announcement when appropriate.

Statement issued by Lonmin through the JSE SENS Service, May 22 2013

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