New thread started as Epic changed from LAF to LONR - May 07.





Epic : LONR

Web Site : http://www.lonrho.com/


Its something different, and something exciting imo.



Nice recent Telegraph write up to (April 2007) :

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/04/04/cnlonrho04.xml


.

Lonrho PLC
20 July 2007

LONRHO PLC
('Lonrho' or 'The Company')

Lonrho's LonZim banks 32.3 million

Lonrho Plc ('Lonrho'), the African conglomerate with a diverse portfolio of
investments, ranging from infrastructure, transportation, support services and
natural resources, announces today that its newly established subsidiary LonZim
Plc ('LonZim') has raised an initial 32.326 million (US$66.234 million) from a
number of existing institutional shareholders of Lonrho by issuing 46,180,958
LonZim shares.

Lonrho holds 30,000,001 shares in LonZim as the founding shareholder (cost
3,001) representing 39.4% of that company and currently holds all board
positions.

LonZim intends to raise additional funds and seek a listing on a major stock
exchange over the coming months.

On listing, Lonrho's arrangements with LonZim will be:

Lonrho's initial shareholding will be escrowed for a period of
5 years.

Lonrho will hold a management contract with LonZim whereby it will
receive 1% of gross assets under management and 21/2 % of gross
turnover of LonZim per annum.

Lonrho will not compete with LonZim in Zimbabwe whilst Lonrho manages
LonZim.

LonZim funds will be escrowed until successful admission to trading on
a stock exchange.

LonZim's principal focus will be to acquire and invest in key assets in the
property, infrastructure, hotel and commercial sectors in Zimbabwe and
neighbouring countries including the important access corridor to the coast at
Beira in Mozambique.

Lonrho's management team and consultants offer an in-depth understanding of
business and investment in Africa, including Zimbabwe. The team brings
significant experience in successfully brokering and completing transactions and
developing companies in challenging parts of the continent.

LonZim will adhere to all international and national laws applying to foreign
investment in Zimbabwe and plans to implement and adhere to best practice in
corporate governance.

David Lenigas, Lonrho's Executive Chairman and Chief Executive, commented:

'There are clearly risks associated with investing in Zimbabwe and this
financial commitment from Lonrho's existing institutional investors by
subscribing for LonZim shares, prior to a listing, demonstrates their belief
that the opportunities for economic growth in the country are enormous.'

'Lonrho believes that there is a substantial commercial opportunity in the
Zimbabwean market, which has deteriorated due to severe underinvestment. This
potentially offers significant upside. As such I believe that cautious and well
informed investment in Zimbabwe and the coastal access corridor will ultimately
offer excellent returns for LonZim shareholders as well as Zimbabwean businesses
and the Zimbabwean economy.

'I strongly believe that the best way to encourage economic growth within a
country and nurture the development of a strong infrastructure and thriving
business culture is through private, foreign direct investment and LonZim fits
with that principle.'

Guscavalier comment: Investors would certainly be buying into Zimbabwe at rock bottom prices. This will need considerable negotiation skill given the situation. Nice earner for Lonhro if things pan out well.sp 39.5p. Query figure of 3001 re cost of 30,000,001 shares in LonZim.

Lonrho PLC
23 July 2007


23 July 2007
LONRHO PLC

GRANT OF SHARE OPTIONS


The Board of Lonrho Plc (the 'Company') announces today the grant by the Company
on 20 July 2007 of options over, in aggregate, 5,195,000 ordinary shares of 1p
each in the share capital of the Company ('Shares') to directors, employees and
consultants as follows:


David Lenigas (Executive Chairman and Chief Executive Officer) 1,615,000

Emma Priestley (Executive Director) 1,065,000

Jean Ellis (Finance Director) 350,000

Martin Horgan (Non-Executive Director) 200,000

Donald Strang (Non-Executive Director) 200,000

Senior Employees and Consultants other than Board members 1,765,000


TOTAL 5,195,000



The grant of the options was made under the Company's Unapproved Share Option
Plan other than those to the non-executive directors and a consultant (whose
options were granted under stand-alone option agreements on similar terms to
those under the Unapproved Company Share Option Plan).

The exercise price will be 44 pence per share, exercisable until 20 July 2012.

A further 1,500,000 Shares are to be allotted to a consultant by way of bonus
award, the Company paying the subscription price of the shares.

Guscavalier comment: sp well supported at 41.25p today. The option grant gives good incentive and exercise price stands at a reasonable premium to current share price.

Some strength yesterday and again today, all very good.

PP - perhaps the strength is a reaction to the Lonzim deal where Lonr have taken a 39.4% stake for a song. With the management contract in place as well it could work out very well for Lonr. Perhaps the Company will gain a bit more following now. sp 44.25p

http://www.growthbusiness.co.uk/news/city-news/257524/lonrho-moots-70m-zimbabwe-float.thtml

Tuesday 24th July 2007

Lonrho moots 70m Zimbabwe float

African conglomerate Lonrho has raised 32 million privately for its Zimbabwe arm, which plans a 70 million AIM float.

AIM-quoted Lonrho, headed by entrepreneurial Australian David Lenigas, has raised the pre-float money at 70p a share for its newly established LonZim subsidiary from a variety of investors, including US and Middle East hedge funds and James Packer from Down Under. LonZim, which says it intends to focus on joint ventures with local entrepreneurs in hotels, motor dealerships, transport, support services, infrastructure and natural resources, expects to price its later 70 million AIM float at 100p a share.

Lenigas makes it clear he is striving to recreate Lonrho as a force in African commercial development, in the manner of the companys late founder and combative driving force Tiny Rowland. He insists there are plenty of talented Zimbabwean business people planning for life after the ageing and dictatorial President Mugabe finally departs. Lenigas argues worthwhile joint venture deals not takeovers can be struck with them. Removing rho, with its echoes of white-ruled Rhodesia, from the local companys name and substituting Zim, is seen as a tactful move.

Shares in Lonrho, formerly Lonrho Africa, have been on a recovery path since 2004, rising from 9p to 42.75p, more than twice Growth Company Investors recommendation at 20.25p last year. Hold on.

Just as a guide, at 44p, Lonr's market cap is 122 million. Assuming Lonzim is floated at 100p, this will reflect a 30 million valuation on Lonr's Lonzim shares or 25% of Lonr's capitalisation. Interesting to see James Packer as one of the investors.

RNS Number:4076B Lonrho PLC 02 August 2007

LONRHO PLC

ANGOLA CNIDAH INVITES LONRHO / COUNTERMINE TO

ASSIST IN LANDMINE CLEARANCE

Lonrho plc (AIM: LONR) who established a joint venture for Africa with Countermine plc, ("Countermine") in May 2007 to develop opportunities for landmine clearance in Africa, is pleased to announce that, following presentations in Luanda, they have been invited by 'CNIDAH' ( Comissao Nacional Inter-Sectorial de Desminagem e Assistencia Humanitaria ), the Angolan Government body responsible for landmine clearance, to supply an ORACLE 2 landmine clearing machine for evaluation and appraisal in conjunction with the Angolan Government.

The ORACLE 2 allows previously unusable areas of land suspected of being contaminated by landmines to be rehabilitated for productive purposes safer and faster than manual land clearance methods.

General Petroff, the Presidente da Comissao of CNIDAH, confirmed in the invitation that Angola has 1,500 square kilometers of land that are currently rendered useless due to the presence of landmines. He confirmed that the current clearance rate, using manual demining practises is only 10 square kilometers per year.

CNIDAH has undertaken to fast-track the evaluation process, and will provide a mined area of land for the process, facilitate all approvals and licences required for the importation of the equipment, and to ensure that all relevant civilian and military expertise partakes in the test.

Following this, the CNIDAH has agreed to rapidly produce a report on the results of the evaluation for all the relevant authorities.

David Lenigas, Chairman and Chief Executive Officer of Lonrho commented :

' We are delighted that in less than three months of Lonrho agreeing the African rights to the Countermine ORACLE system, Lonrho has delivered a tangible and exciting opportunity to assist Angola with its landmine issues.

The invitation from the Angolan Government is a significant step and permits the ORACLE 2 to demonstrate its abilities. Angola is a rapidly developing country and it is a fundamental part of the development progress that the country's landmines are relegated to history as soon as possible. I am confident that the ORACLE 2 will help expedite this process.

Lonrho is committed to providing services and products that support the development of African infrastructure, helping to re-invigorate local communities. Lonrho views the strategic partnership with Countermine as a significant development in the implementation of its strategy.'

ORACLE MINE CLEARENCE

Countermine produces the ORACLE mine clearance machine. At the forefront of mine clearance technology ORACLE is the fastest and most cost effective system available for landmine clearance. Only the ORACLE can move forward at an efficient rate and cost, while tilling the land to a depth of at least 50cm preparing it for agricultural use. The ORACLE technology is tried and tested, having been contracted to the Croatian Government (CROMAC) since 2000, performing beyond expectations in clearing active minefields.

The ORACLE mine-clearing system is the safest land mine clearance method currently available and is approximately 100 times faster and more effective than manual clearing techniques. The Spitfire tool within the machine hits the mines at such a high speed that it destroys the mines before detonation. The physical destruction from the mine clearance neutralizes mines and disperses the explosives into the soil meaning that the land is immediately ready for agricultural or other development.

Antipersonnel mines pose a massive threat to safety in all corners of the globe, claiming new victims every day, with between 15,000 and 20,000 new casualties caused by landmines and unexploded ordnance every year.

A local company will be established in Angola to oversee the management and operation of the project. The majority of the personnel will be recruited and trained locally in each country, supporting local job creation as well as utilising the intimate local knowledge of the areas that are targeted.

LANDMINES IN AFRICA

The presence of landmines has rendered huge expanses of land in sub-Saharan Africa unusable. The presence of two or three landmines or even the suspicion of their presence can result in a large patch of land being avoided and left derelict

RNS Number:4076B Lonrho PLC 02 August 2007

LONRHO PLC

ANGOLA CNIDAH INVITES LONRHO / COUNTERMINE TO

ASSIST IN LANDMINE CLEARANCE

Lonrho plc (AIM: LONR) who established a joint venture for Africa with Countermine plc, ("Countermine") in May 2007 to develop opportunities for landmine clearance in Africa, is pleased to announce that, following presentations in Luanda, they have been invited by 'CNIDAH' ( Comissao Nacional Inter-Sectorial de Desminagem e Assistencia Humanitaria ), the Angolan Government body responsible for landmine clearance, to supply an ORACLE 2 landmine clearing machine for evaluation and appraisal in conjunction with the Angolan Government.

The ORACLE 2 allows previously unusable areas of land suspected of being contaminated by landmines to be rehabilitated for productive purposes safer and faster than manual land clearance methods.

General Petroff, the Presidente da Comissao of CNIDAH, confirmed in the invitation that Angola has 1,500 square kilometers of land that are currently rendered useless due to the presence of landmines. He confirmed that the current clearance rate, using manual demining practises is only 10 square kilometers per year.

CNIDAH has undertaken to fast-track the evaluation process, and will provide a mined area of land for the process, facilitate all approvals and licences required for the importation of the equipment, and to ensure that all relevant civilian and military expertise partakes in the test.

Following this, the CNIDAH has agreed to rapidly produce a report on the results of the evaluation for all the relevant authorities.

David Lenigas, Chairman and Chief Executive Officer of Lonrho commented :

' We are delighted that in less than three months of Lonrho agreeing the African rights to the Countermine ORACLE system, Lonrho has delivered a tangible and exciting opportunity to assist Angola with its landmine issues.

The invitation from the Angolan Government is a significant step and permits the ORACLE 2 to demonstrate its abilities. Angola is a rapidly developing country and it is a fundamental part of the development progress that the country's landmines are relegated to history as soon as possible. I am confident that the ORACLE 2 will help expedite this process.

Lonrho is committed to providing services and products that support the development of African infrastructure, helping to re-invigorate local communities. Lonrho views the strategic partnership with Countermine as a significant development in the implementation of its strategy.'

ORACLE MINE CLEARENCE

Countermine produces the ORACLE mine clearance machine. At the forefront of mine clearance technology ORACLE is the fastest and most cost effective system available for landmine clearance. Only the ORACLE can move forward at an efficient rate and cost, while tilling the land to a depth of at least 50cm preparing it for agricultural use. The ORACLE technology is tried and tested, having been contracted to the Croatian Government (CROMAC) since 2000, performing beyond expectations in clearing active minefields.

The ORACLE mine-clearing system is the safest land mine clearance method currently available and is approximately 100 times faster and more effective than manual clearing techniques. The Spitfire tool within the machine hits the mines at such a high speed that it destroys the mines before detonation. The physical destruction from the mine clearance neutralizes mines and disperses the explosives into the soil meaning that the land is immediately ready for agricultural or other development.

Antipersonnel mines pose a massive threat to safety in all corners of the globe, claiming new victims every day, with between 15,000 and 20,000 new casualties caused by landmines and unexploded ordnance every year.

A local company will be established in Angola to oversee the management and operation of the project. The majority of the personnel will be recruited and trained locally in each country, supporting local job creation as well as utilising the intimate local knowledge of the areas that are targeted.

LANDMINES IN AFRICA

The presence of landmines has rendered huge expanses of land in sub-Saharan Africa unusable. The presence of two or three landmines or even the suspicion of their presence can result in a large patch of land being avoided and left derelict

The prospective Angola contract will last about 18 months, going on Company's statement that Oracle clearance is 100 times faster than hand clearance. Be interesting to see what it is worth.

Write up here :


http://www.proactiveinvestors.co.uk/articles/article.php?LONR


.

Interesting article by Paul Farrow in todays Sunday Telegraph mentions that New Star Asst. Man. is venturing into the Congo next month with the launch of its Heart of Africa fund. The group believes Africa may be the next emerging market to generate big profits for investors. Founder, John Duffield, said that the biggest profits are made at the time of biggest risk and there is a hell of a risk with these African markets at this time. The Fund will invest in Zimbabwe, Rep. of Congo, Dem. Rep. of Congo, Zambia, Botswana, Senegal, Ghana, Namibia, and oil rich Nigeria. It will also invest in 5 AIM stocks exposed to region, including Central African Mining & Exp. Co. The new Fund will be managed by Jamie Allsop, one of Duffield's young proteges. Allsop has already be investing in Africa's potential via his UK Hidden Value Fund which has 9% invested in African companies including Lonhro and Mwana Africa. The Fund will be marketed to institutional investors as it may have a too bigger risk profile for the private investor. Duffield said he will be investing a couple of million pounds in the fund, less than 1% of his personal assets. The article also mentions Helvetica, the wealth manager is to launch an Isle of Man domiciled , AIM listed company called PME African Infrastructure Opportunities Fund . Also goes on to mention LonZim which we have already covered in earlier posts.

http://www.investegate.co.uk/Article.aspx?id=200708281145018503C

Lonrho PLC 28 August 2007
LONRHO Plc

('Lonrho' or the 'Company')

Nare Diamonds to change name to Lonrho Mining and
agrees Lulo diamond joint venture with Endiama, the State Owned diamond mining
company of Angola

Lonrho (AIM: LONR), the conglomerate with a diverse portfolio of African
investments, is pleased to announce that Nare Diamonds Limited ('Nare'), the
Australian listed African diamond mining company in which it holds a 21.94%
stake, intends to:

change its name to Lonrho Mining Limited ('Lonrho Mining');

seek a dual listing on AIM; and

develop a highly prospective 3,000 kilometre square diamond concession
in Angola with Endiama.

Lonrho Mining
The Lonrho Mining management team will continue to be led by Charles Mostert,
the CEO of Nare Diamonds. He is supported by David Lenigas, the Chairman and
Chief Executive Officer of Lonrho who recently become Chairman of Nare, and
Geoffrey White, Lonrho's COO, who recently became a non Executive Director of
Nare.

The proposed change of name to Lonrho Mining reflects the recent increase in
ties with Lonrho and should enable Nare to benefit further from Lonrho's
experience and presence in Africa. Lonrho Mining will look to selectively
acquire exploration and producing mining assets across the African continent.

The proposed change of name of Nare to Lonrho Mining is subject to Nare
shareholders' approval.

Lulo Diamond Concession - Angola
Nare has also announced that it has signed a joint venture agreement with
Endiama, the national diamond company of Angola and exclusive concessionary for
Angolan diamond mining rights, to develop a highly prospective 3,000 kilometre
square diamond concession in Angola (the Lulo Diamond Concession). On all the
kimberlite deposits Nare's participating interest will initially be 39% of the
joint venture which will decrease to 30% after repayment of its investment in
the Project. On all alluvial deposits Nare's participating interest will be 40%
in the joint venture.


The Lulo Diamond Concession is located in the Cuango River catchment area within the Lunda Norte Province of northeastern Angola. This concession has been one of the prime targets for Nare and contains an identified 29 kimberlite pipes and extensive alluvial resources. It is located close to existing proven kimberlite pipes and alluvial resources and is widely seen as a highly prospective concession.

The Catoca Mine, which is the third largest kimberlite diamond mine in the world and which produces 60% of Angola's diamond production, is located 150km east of the Lulo Diamond Concession. The joint venture between Petra Diamonds and BHP Billiton on the Alto Cuilo is adjacent to the Lulo Diamond Concession where 70 kimberlite pipes have been found, the largest of which is currently being evaluated.

Charles Mostert, Chief Executive Officer of Nare, commented:
'This is an excellent strategic development for Nare. The Lonrho name is
recognised throughout Africa, and its reputation is excellent. The closer ties
with Lonrho are already providing Nare with unique access to resources and deal
flow throughout Africa whilst the dual listing on AIM and the ASX should help
Nare to continue to grow rapidly and to develop into a significant African
resource company.'


David Lenigas, Chairman and Chief Executive Officer of Lonrho Plc and Chairman
of Nare, commented:
'Lonrho has been a shareholder of Nare for some time and recognises that the
management team has the proven ability to deliver. They have made significant
progress at the Schmidtsdrift operations in South Africa, increasing reserves to some 47 million tonnes of diamond bearing gravel as well as increasing
production.'


'The closer ties, including changing its name to Lonrho Mining, will enable Nare to utilise Lonrho's heritage and contacts to provide a constant flow of exciting resource related projects. Lulo Diamond Concession in Angola is seen as highly prospective and is situated in one of the most sought after locations in Angola.
We see this as the first of several large projects that a new Lonrho Mining
can develop in Africa, and illustrates the type of deals the Lonrho name can
gain access to.

I am sure that the closer relationship and development of Lonrho Mining will
prove rewarding for shareholders of Lonrho Plc.'

It seems there is buying today as the price goes higher. Gold prices are strong lately.
MMs are bidding middle price at the moment

RNS Number:2397D
Lonrho PLC
04 September 2007

LONRHO PLC
("Lonrho" or the "Company")

LONRHO SAILS ADDS A FURTHER THREE CONTAINER SHIPS TO FLEET

Lonrho (AIM: LONR), the African conglomerate with a diverse portfolio of investments is pleased to announce that its 45% owned subsidiary, SA Independent Liner Services (PTY) Ltd ("SAILS"), has signed contracts with ship suppliers for the addition of three new container vessels, which will increase its fleet to seven vessels with a total combined fleet tonnage of 66,445 tonnes.

Lonrho announced its investment in SAILS in July 2007 and the intention of expanding SAILS' fleet to offer regular, scheduled services from South Africa to West Africa and Europe.

The three new vessels will be added to the fleet are the MV Orinoco River, MV El Lobo and MV Vaal River. Each vessel is 9,966 metric tonnes, equipped with 220 refrigerated container plugs and will be utilised for the South Africa/ West Africa/ Europe service.

All three vessels are new and will be chartered to SAILS for a period of 24 months. As with the Taga Bay, these vessels will carry the new "LONRHO SAILS" branding.

* The MV Orinoco River is scheduled to be delivered in Shanghai around Mid October 2007.

* The MV El Lobo is scheduled to be delivered in Singapore around Mid November 2007.

* The MV Vaal River is scheduled to be delivered in Shanghai at the end of November 2007.

The MV Taga Bay was successfully delivered in Shanghai at the end of August 2007. She is scheduled to depart for South Africa in the next week at 100% capacity. After reaching South Africa, she will take up her assignment on the South Africa/ West Africa/ Europe service.

The MV Heinrick Sibum was also successfully delivered at the end of August 2007, and is chartered on a round voyage basis with an option for an additional round trip voyage, thereby providing interim, additional carrying capacity to Europe.
This vessel is also at 100% capacity on her southbound voyage which is scheduled to depart from Antwerp in the next few days and will call at Dakar, Tema and Tin Can Island or Lagos before arriving in Cape Town.

David Lenigas, Executive Chairman and Chief Executive commented;

"The seven ships to be operated by SAILS will provide for an annual lifting capacity of over 1 million tonnes of African imports and exports. This represents a five fold uplift in container carrying capacity since Lonrho's investment."

"The success of SAILS as a growing shipping business is seen in the exceptional load factors now being achieved on the Europe/Africa service. I see significant scope in the year ahead to add even more container ships to the fleet to service the growing demand for the import and export trade between the two continents."

4 September 2007



LONRHO Plc

('Lonrho' or the 'Company')


NARE DIAMONDS DEVELOPS ANGOLAN DIAMOND PROJECT
WITH PRODUCTION PLANNED FOR 2008

Lonrho (AIM: LONR), the conglomerate with a diverse portfolio of African
investments, is pleased to provide an update on Nare Diamonds Limited ('Nare'),
the Australian listed African diamond mining company in which it holds a 21.94%
stake. Nare is to commence development of its recently acquired highly
prospective 3,000 km(2) diamond concession in Angola ('the Lulo Diamond
Concession').



Highlights



Moblization of mining equipment to mine site and sets up base camp at
Lulo

Approval of the proposed work program which, subject to successful
exploration, provides for commencement of trial mining and diamond production at
the Lulo Diamond Concession within 12 months

Acquisition of data in the region surrounding the Lulo Diamond
Concession



Development Program



The work program which has recently been approved by Endiama (the State owned
diamond mining company of Angola) has been designed to allow for bulk sampling,
followed by trial mining and diamond production at the Lulo Diamond Concession
by the end of 2008.



Nare intends to set up a base camp at the Lulo Diamond Concession this month.
The immediate focus is to conduct an aero magnetic survey over 1,000 km(2) to
identify and outline the alluvial terraces and the kimberlite pipes. The
location includes 29 identified kimberlite pipes on the concession. On
completion of the survey, Nare will select the biggest pipes for evaluation
including immediate drilling and bulk sampling.



Nare intends to commence trial mining the alluvial gravels immediately upon
commissioning of the plant, which will commence this year.



'First class' location



Nare is securing historical data in relation to this and the adjacent projects
prior to commencing development. As announced on 29 August 2007, Lulo is
adjacent to the Petra Diamonds / BHP Billiton owned Alto Cuilo and Luangue
concessions. These concessions are the subject of bulk sampling on the
kimberlite pipes and alluvial gravels. Aero magnetic surveys on their
concession identified in excess of 70 kimberlite pipes, many of which are very
large (175 hectares). Diamonds recovered from this concession have realized in
excess of US$230 per carat.



The Lulo Project is located on the eastern margin of the Cuango River catchment
within the Lunda Norte Province of northeastern Angola. The Cuango River
alluvial diamond fields are the largest in Angola. The operators of these
concessions are amongst the leading diamond miners in the world, including De
Beers, Trans Hex and Alrosa (see Figure 1). The Cacuilo and Lulo Rivers form
part of the Cuango catchment and the location of the known alluvial gravels is
adjacent to the known kimberlite pipe cluster on the Lulo Diamond Concession
(see Figure 1). Initial geological assessment suggests that some of these
kimberlites are the primary sources of the diamonds in the alluvial gravels on
the concession.



As noted above, Nare has a work program which is designed to bring forward
production of diamonds from its concession as soon as possible.



A map of the Lulo Diamond Concession can be accessed below.



David Lenigas, Chairman and Chief Executive Officer of Lonrho Plc and Chairman
of Nare, commented:



'The Lulo Project is in the heart of the largest diamond mining region in Angola
and is surrounded by concessions held by some of the world's leading diamond
mining companies. Developing this potential utilising the highly experienced
Nare management team combined with Lonrho's reputation in Africa, we look
forward to taking the mine into production in 2008.' sp37.75p.

The news were early on the morning but is moving higher this afternoon
37.75 / 38.50p +0.375p
now a BREAKOUT from the last high

From the "UPS" thread ..........

Doing a BREAKOUT of the short term CUP & HANDLE

Further news today and slight movement up on the bid 38.375p +0.125p .....

Lonrho increases equity stake in Norse Air to 51%

Lonrho (AIM : LONR), the conglomerate with a diverse portfolio of African
investments, is pleased to announce that it has acquired a further 8% of Norse
Air Limited. This brings Lonrho's holding in Norse Air to 51% of the company.

This move is in consideration of the Lonrho Board's agreed mandate that Lonrho
should, whenever possible, maintain equity and Board control of all subsidiary
companies.

Lonrho had a convertible loan in place secured with the 8% option and, following
a review of the business, opted to convert the outstanding loan and increase its
equity participation.

David Lenigas, Lonrho Chairman and CEO commented:

"Lonrho's increased equity in Norse Air is another example of the Company's
objective to hold a majority stake in each of its subsidiaries. Lonrho is
developing businesses across Africa within infrastructure, transport and related
sectors that have strong potential for growth. Norse Air, like other Lonrho
subsidiaries benefits from our experience of Africa, Lonrho's ability to
transact larger deals and our ability to provide access to funds for expansion." .......

38.75 - 39.25p +0.875p

now moving much faster that for the last couple days

RNS Number:7216D
Lonrho PLC
12 September 2007

12 September 2007

Lonrho Plc
("Lonrho" or "the Company")

COMPLETION OF ACQUISITION LAUNCHES LONRHO
INTO THE AFRICAN IT INDUSTRY

Further to the announcement on 7 June 2007, Lonrho (AIM : LONR), the
conglomerate with a diverse portfolio of African investments, is pleased to
announce that it has now completed the acquisition of 65% of one of Mozambique's
largest commercial Information Technology Solution Providers, Sociedade
Comercial Bytes & Pieces, Limitada ("Bytes & Pieces"). Bytes & Pieces provides
turnkey network solutions, maintenance and support to Mozambique business, NGO's
and Government organisations.

Lonrho acquired Bytes & Pieces for $2.34 million (in cash) and will take up two
of the four Board positions. The two founders of Bytes & Pieces, Vijay Thadani
and Veronica Miller, will together retain 35% and remain on the Board. Bytes &
Pieces is an authorised distributor of Dell equipment in Mozambique, providing
Enterprise Solutions on a Dell hardware platform. It is also a Microsoft
Certified Partner and an authorised distributor for CISCO Systems, MGE UPS
Systems and Legrand networking products.

Bytes & Pieces plans to expand outside Mozambique under the name of Complete
Enterprise Solutions ("CES") by setting up a distribution division for high
quality networking products and an Enterprise solutions implementation division
based upon the Dell hardware platform.

David Lenigas, Lonrho Chairman and CEO commented:

"We are delighted to have completed on the acquisition of Bytes & Pieces.
Lonrho intends to build on the success of Bytes & Pieces and replicate the
business model built up in Mozambique through other countries in Africa,
starting with the company's first office in Johannesburg. We believe the
business expansion of CES will assist the growth of the African economy to meet
the IT demands across the continent."