Acquisition Update

LonZim PLC
06 March 2008



6th March 2008



                                   LonZim Plc

          LonZim exercises option to acquire remaining 20% holding in
  Blueberry International Services Limited eight months ahead of schedule and
           announces Blueberry's change of name to LonZim Investments


LonZim Plc ('LonZim' or the 'Company'), which has been established for the
principal purpose of making investments in Zimbabwe, announces that it has today
exercised its call option to acquire the final 20 per cent. of Blueberry
International Services Limited ('Blueberry') for $1,362,500 from Coast2Coast
Communications Investments (Pty) Limited ('Coast2Coast').  This follows LonZim's
earlier acquisition of an 80 per cent. shareholding in Blueberry in January
2008.

With the acquisition of 100 per cent. by LonZim Plc, Blueberry will also change
its name to LonZim Investments Limited.

Blueberry is an offshore company incorporated in the British Virgin Islands that
controls 60 per cent. of Celsys Limited ( 'Celsys' ), a Zimbabwean publicly
listed company operating in the telecommunications and security printing sector;
Blueberry also owns 100 per cent. of Gardoserve (Private) Limited ('Gardoserve
'), a Zimbabwean private industrial chemical manufacturer and distributer
trading under the 'Millpal' brand.

Since LonZim's acquisition of its initial 80 per cent stake in Blueberry,
Celsys's share price has risen 325 per cent. in US$ terms, on the Harare Stock
Exchange.

Celsys Print division is Zimbabwe's largest private security printing company
and following the acquisition by LonZim has taken delivery of an Atlantic Zeiser
MCE 500 print finishing machine.  This machine will increase Celsys Print's
capacity to print high quality, secure  scratch cards that are in high demand by
mobile networks. The new line is capable of printing and packing 20,000 cards
per hour in secure, transparent, tamper proof sleeves and provides a key
platform from which to tap into the export market offering considerable growth
opportunities.


David Lenigas, Executive Chairman of Lonrho, commented:

' Since the LonZim acquisition of 80 per cent. of Blueberry in January we have
been impressed with the abilities and staff of both the Celsys and Millpal
operations. We concluded that it is commercially and strategically very
important to own 100 per cent. of Blueberry. Under the present agreements,
LonZim had a call option to increase our stake to 100 per cent. and therefore we
have decided to implement this option 8 months ahead of schedule.



Blueberry now provides LonZim with a stronger, 100% owned offshore/onshore
corporate structure into Zimbabwe.'



ENQUIRIES


LonZim Plc                                   [phone]
David Lenigas, Executive Chairman            [phone]
Geoffrey White, Executive Director           [phone]
Emma Priestley, Executive Director           [phone]

Pelham PR
Charles Vivian                               [phone]  /  [phone]
James MacFarlane                             [phone]  /  [phone]

Collins Stewart Europe:                      Nomad to LonZim
Helen Goldsmith                              [phone]




NOTES TO EDITORS


Celsys

Celsys was established in 1996 and listed on the Zimbabwe Stock Exchange in
2003. It comprises four core and interlinked divisions: Celsys Comms; Celsys
Print; Celsys IT; and Celsys Marketing. The company is an important employer
with over 140 staff and plays a significant role in maintaining and growing the
Zimbabwean communications industry.

Its core business is information and communications technology (ICT).  Celsys
Comms comprises: The Comm Shop which sells and repairs cell phones and is the
sole authorised Nokia Repair Centre in Zimbabwe; Celsys C-phone, a vibrant
community payphone project established four years ago, and Zimbabwe's dominant
brand in the payphone market.  With its superior airtime tracking software and
fully automated operation, C-Phone has created viable livelihoods for rural,
peri-urban and urban Zimbabweans, providing a critical communications service
into Zimbabwe's rural areas.



Celsys Print is Zimbabwe's largest independent printer of cheque books and other
security documents for banks and financial institutions, and is a major producer
of cell phone recharge cards, recognised for its excellent quality and product
delivery.



Celsys IT sells, operates and maintains ATMs and distributes Sophos IT security
products across sub Saharan Africa.  Sophos is the internationally recognised
anti-virus, anti-spam and information technology security vendor, offering
technology security for businesses in over 150 countries.  Celsys IT last year
acquired the operations of Hillside Technologies Southern Africa, an IT business
providing software security to large businesses and banks, and with it, Sophos
Master Distributor status.


Gardoserve

Gardoserve, trading as Millpal, has over 20 years experience selling chemicals
to the textile and raw materials chemical industry.  Millpal continues to
manufacture and distribute chemicals, flavourants, and colourants in Zimbabwe
and for export to the metal treatment, textile, electroplating, epoxy and
solvent markets.


Since listing in December 2007, LonZim has invested in or acquired control of:

Celsys Limited www.celsys.co.zw
Gardoserve (Private) Ltd t/a Millpal Chemicals

Aldeamento Turistico de Macuti, SARL., a company owning land in central Beira on
the Mozambique coast



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