LONDON, 13 December 2011 – Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as sponsor, bookrunner and underwriter to Lonrho Plc (LSE: LONR) on a placing and open offer to raise £26.9m.

Lonrho placed 269,498,795 shares at an issue price of 10p, representing a zero per cent discount to the closing price on 12 December 2011. The proceeds will be used in line with the Group’s strategy to fund the development of new business opportunities for the Group to complement its current operations.

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