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grgkecer - Thu, 22 Dec 05 :

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North Atlantic Value LLP
22 December 2005

FORM SAR 5



DISCLOSURE OF DISPOSALS

(Rule 5 of The Rules Governing Substantial Acquisitions of Shares)




Name of seller NORTH ATLANTIC VALUE LLP AND JOHCM ALTERNATIVE INVESTMENTS LLP
Beneficial owner, if different from above AS ABOVE




Names of any other persons acting by agreement NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC, ORYX
or understanding (see SAR 5) INTERNATIONAL GROWTH FUND LIMITED
Company dealt in LONRHO AFRICA PLC

Class of voting shares (eg ordinary shares) ORDINARY SHARES

Date of disposal 21 DECEMBER 2005





Number of shares disposed of 33,522,122 SHARES

Number of rights over shares disposed of # N/A
Nature of rights over shares N/A




Total holding of voting shares (and percentage 8,030,000 SHARES - 5.10%
of total voting shares in issue)

Total holding of rights over shares (and N/A
percentage of total voting shares in issue)

Combined total holding (and percentage) of 8,030,000 SHARES - 5.10%
voting shares and rights over shares





Date of disclosure 22 DECEMBER 2005

Contact name BONITA GUNTRIP for and on behalf of J O Hambro Capital Management
Limited as Designated Member of North Atlantic Value LLP
Telephone number 020 7747 5681




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