LONDON, 20 May, 2011 – Panmure Gordon & Co., a leading independent institutional stockbroker and investment bank, is pleased to announce it has acted as sole book runner and broker to Lonrho plc on a placing to raise £19.5m.

Lonrho placed 118,000,000 new shares at 16.5p per share.

Focused exclusively on growth in sub-Saharan Africa, Lonrho plc operates in seventeen African countries and concentrates on providing infrastructure and services for Africa’s growing oil, mineral and agricultural resources sectors.