Notification of Interests

LonZim PLC
28 March 2008

28 March 2008

                                   LONZIM PLC



TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

LonZim Plc


2. Reason for the notification (please place an X inside the appropriate 
bracket/s):

An acquisition or disposal of voting rights: (X)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: (    )

An event changing the breakdown of voting rights: (    )

Other (please specify): (    )

.................


3. Full name of person(s) subject to the notification obligation:

Ospraie Management, LLC


4. Full name of shareholder(s) (if different from 3):

See section 9 below


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

25 March 2008


6. Date on which issuer notified:

27 March 2008


7. Threshold(s) that is/are crossed or reached:

3% and at 1% intervals


8. Notified details:

A: Voting rights attached to shares


Class/type of shares if possible              Situation previous to the Triggering transaction
using the ISIN CODE
                                  Number of shares                   Number of voting Rights

IM00B28CVH58                      1,944,000                          5.33%



Resulting situation after the triggering transaction


Class/type of shares if      Number of shares         Number of voting rights           % of voting rights
possible using the ISIN CODE
                             Direct                   Direct       Indirect             Direct      Indirect

IM00B28CVH58                 n/a                      n/a          1,784,000            n/a         4.89%


B: Financial Instruments

Resulting situation after the triggering transaction


Type of         Expiration Date      Exercise/Conversion       Number of voting rights     % of voting rights
financial                            Period/ Date              that may be acquired if the
instrument                                                     instrument is exercised/
                                                               converted.

n/a             n/a                  n/a                       n/a                         n/a


Total (A+B)
Number of voting rights        % of voting rights

1,784,000                      4.89%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

IN THE NARRATIVE BELOW, THE FIGURES IN BRACKETS INDICATE THE AMOUNT OF VOTING
RIGHTS AND THE PERCENTAGE HELD BY CONTROLLED UNDERTAKINGS WHERE RELEVANT.

OSPRAIE MANAGEMENT, LLC (1,784,000; 4.89%), A DISCRETIONARY INVESTMENT MANAGER,
IS A CONTROLLER OF THE OSPRAIE PORTFOLIO LTD (892,000; 2.45%).

OSPRAIE ADVISORS, L.P. ('OSPRAIE ADVISORS'), A DISCRETIONARY INVESTMENT MANAGER,
IS A CONTROLLER OF THE OSPRAIE SPECIAL OPPORTUNITIES MASTER HOLDINGS LTD
(892,000; 2.45%).  OSPRAIE ADVISORS, LLC, IN ITS CAPACITY AS GENERAL PARTNER, IS
A CONTROLLER OF OSPRAIE ADVISORS. OSPRAIE MANAGEMENT, LLC, IN ITS CAPACITY AS
MANAGING MEMBER, IS A CONTROLLER OF OSPRAIE ADVISORS, LLC.


Proxy Voting:

10. Name of the proxy holder:

N/a


11. Number of voting rights proxy holder will cease to hold:

N/a


12. Date on which proxy holder will cease to hold voting rights:
              
N/a


13. Additional information:

THE SHARES REFERRED TO IN SECTION 9 ABOVE ARE HELD IN PORTFOLIOS MANAGED BY
THOSE FIRMS ON A DISCRETIONARY BASIS FOR ITS CLIENT.


14. Contact name:

Jim Hughes


15. Contact telephone number:

[phone]


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