Re Fastjet Plc $2.4 million Placing

12-Nov-2012 Lonrho is pleased to announce that fastjet Plc ("fastjet" or the "Company"), the AIM listed African airline in which Lonrho owns 67.4%, has announced it has entered into binding subscription agreements to raise $2.4 million (£1.50 million) for the issue of 42,857,144 new ordinary shares in the Company (the "Subscription Shares") at a price of £0.035 per share (the "Subscription Agreements"). Upon completion Lonrho's shareholding in fastjet will reduce to 65.8%.