First Day of Dealing

LonZim PLC
11 December 2007


This announcement and the information contained herein is restricted and is not
for publication, release or distribution in whole or in part to US persons or in
or into the United States, Canada, Australia, the Republic of South Africa, the
Republic of Ireland or Japan. This announcement is an advertisement and not a
prospectus.

This announcement is not an offer of securities for sale in the United States or
in any other jurisdiction.  The shares of LonZim PLC ('LonZim' or the 'Company')
have not been and will not be registered under the US Securities Act of 1933, as
amended (the 'Securities Act') and may not be offered or sold in the United
States unless registered under the Securities Act or pursuant to an exemption
from such registration.  The Company has not been and will not be registered
under the US Investment Company Act of 1940, as amended.  There will be no
public offering of the shares in the United States.




11th December 2007





                                  LonZim Plc
 
                        First day of dealing on AIM


The Board of LonZim Plc ('LonZim' or the 'Company') today announces completion
of the placing of 29,160,000 ordinary shares at 100 pence per Ordinary Share,
raising gross proceeds of £29.16 million.

In addition the Company has issued, under the terms of the Management Services
Agreement, 7,290,000 million shares (representing 20% of the enlarged share
capital of LonZim) to Lonrho Plc ('Lonrho')in consideration of Lonrho and its
subsidiaries' agreement not to compete with the activities of the Company in
Zimbabwe.

All of the 36,450,000 Ordinary Shares of the Company in issue have today been
admitted to trading on AIM (Code: LZM).

Renaissance Capital Limited acted as sole bookrunner and joint broker for the
placing.  Collins Stewart Europe Limited is the nominated adviser and a joint
broker to the Company.


LonZim

LonZim has been established to make investments in Zimbabwe and the Beira
transport corridor in Mozambique.  While LonZim will not have a particular
sectoral focus, utilising the investment skills of the Lonrho management team
and their advisors, it will seek to identify individual companies in sectors
best positioned to benefit should there be radical improvements in Zimbabwe's
economy.  The Company may make investments in the tourism, accommodation,
infrastructure, transport, commercial and residential property, technology,
communications, manufacturing, retail, services, leisure, agricultural and
natural resources sectors.

LonZim may also make investments in businesses outside Zimbabwe that have a
majority of their operations within Zimbabwe.  The Company will also look into
expanding businesses and brands currently owned by Lonrho or in which Lonrho has
an interest in Zimbabwe. LonZim will only be able to achieve its investment
objective in the event the Zimbabwean economy radically improves.


Management

Lonrho, the AIM traded conglomerate with a structured portfolio of businesses
throughout Africa, has been appointed by the Company to provide management
support services on the terms of a management services agreement.  The Lonrho
management team has a wealth of skills and expertise in operating in Africa and
an extremely successful track record in operating under difficult conditions on
the continent. The management team is well positioned to provide LonZim with
specialist advice needed to invest successfully under conditions characteristic
of Zimbabwe at present.



David Lenigas, Executive Chairman of LonZim said today:

'We are pleased to have successfully raised the capital and we are now actively
pursuing some of the significant opportunities that we believe exist in
Zimbabwe.'



ENQUIRIES


Lonrho Plc / LonZim Plc                                     [phone]
David Lenigas, Executive Chairman                           [phone]
Geoffrey White, Chief Executive Officer                     [phone]
Emma Priestley, Executive Director                          [phone]

Pelham PR
Charles Vivian                                              [phone]
                                                            [phone]
James Macfarlane                                            [phone]
                                                            [phone]

Renaissance Capital: Sole Bookrunner
Hasnen Varawalla                                            [phone]
Simon Matthews                                              [phone]

Collins Stewart Europe: NOMAD
Helen Goldsmith / Hugh Field                                [phone]



NOTES TO EDITORS


About LONRHO:


Lonrho Plc ('Lonrho') is an expanding conglomerate that is rapidly growing a
successful business throughout Africa.  Lonrho is listed on the London AIM stock
exchange (LONR). Lonrho is strategically focused on the development of business
opportunities in infrastructure, transportation, support services and natural
resources. Lonrho has over 20,000 shareholders and substantial institutional
backing to support its mandate to build a profitable business that plays a
fundamental role in the development of the African economy.


Since 2006, Lonrho has invested in or acquired control of:

    •   Hotel Cardoso - www.hotelcardoso.co.mz (retained)

    •   Lonrho Mining - www.lonrhomining.com

    •   Luba Freeport - www.lubafreeport.com

    •   Fly540 - www.fly540.com

    •   Norse Air - www.norseair.co.za

    •   Swissta Holdings - www.swissta.com

    •   SA Independent Liner Services

    •   Bytes and Pieces

    •   Celsys Limited - www.celsys.co.zw



Investors may only subscribe for or purchase any shares referred to in this
announcement on the basis of information in the admission document (the '
Admission Document') published by the Company in connection with the initial
public offering of ordinary shares (the 'Offering') and the admission of its
ordinary shares (the 'Shares') to trading on the AIM market of the London Stock
Exchange.

This announcement has been prepared by and is the sole responsibility of the
Company. This announcement is an advertisement and not a prospectus and is not
an offer to sell or a solicitation of any offer to buy any securities in the
United States or in any other jurisdiction.

Neither this document nor anything contained herein shall form the basis of, or
be relied upon in connection with, any offer or commitment whatsoever in any
jurisdiction.  Any offer to acquire securities pursuant to the Offering will be
made, and any investor should make their investment, solely on the basis of
information that is contained in the Admission Document.

This announcement is based upon information which the Company considers
reliable, but no representation or warranty, express or implied, is given by or
on behalf of the Company, Lonrho Plc, Collins Stewart Europe Limited ('Collins
Stewart') or Renaissance Capital Limited ('Renaissance') or any of such persons'
affiliates or their respective members, directors, officers or employees or any
other person that it is accurate and complete and nor should it be relied upon
as such.  The information in this announcement is subject to change and none of
the Company, Lonrho, Collins Stewart or Renaissance has any obligation to update
this document or to correct inaccuracies or omissions which may become apparent.

All investments are subject to risk.  The value of investments may fluctuate.
Results achieved in the past are no guarantee of future results.  An investment
in the Company is speculative and involves a substantial degree of risk,
including the risk of total loss.  Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before making any
investment decision.

Factual statements, statistical data, information regarding actual and proposed
issues contained in this document, views expressed, and projections, forecasts
or statements relating to various matters referred to in this document do not
necessarily represent the Company's, Lonrho's or Renaissance's own assessment or
interpretation of information.  Prospective investors should not treat the
contents of this document as advice relating to legal, taxation or investment
matters, and are to make their own assessments concerning these and other
consequences of any investment, including the merits of investing and the risks.

Collins Stewart and Renaissance, which are each authorised and regulated in the
United Kingdom by the Financial Services Authority, are each acting for the
Company and no-one else in connection with the Offering and will not be
responsible to anyone other than the Company for providing the protections
afforded to their clients or for providing advice in relation to the Offering,
this document or any other matter.

This press release does not constitute, and may not be used for the purposes of,
an offer or an invitation to subscribe for Shares by any person in any
jurisdiction in which (i) such offer or invitation is not authorized; or (ii) in
which the person making such offer or invitation is not qualified to do so; or
(iii) to any person to whom it is unlawful to make such offer or invitation.


Notice to prospective investors in the UK

This announcement is directed only at persons in the United Kingdom who are: (i)
persons having professional experience in matters relating to investments who
fall within the definition of 'investment professionals' in Article 19 (5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001; or
(ii) high net worth bodies, corporate, unincorporated associations and
partnerships and trustees of high value trusts as described in Article 49 (2) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001.
Persons within the United Kingdom who receive this announcement (other than
persons falling within (i) and (ii) above) should not rely on or act upon this
communication.


Forward Looking Statements

Certain statements contained in this document, including those relating to the
Offering may be forward-looking statements.  By their nature, forward-looking
statements involve a number of risks, uncertainties and assumptions that could
cause actual results or events to differ materially from those expressed or
implied by the forward-looking statements.  These risks, uncertainties and
assumptions could adversely affect the outcome and financial effects of the
plans and events described herein.

None of Renaissance, Collins Stewart, Lonrho or the Company undertake any
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.  A prospective investor
should not place undue reliance on forward-looking statements, which speak only
as of the date of this document.


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