Lonrho:e-Kwikbuild Wins Export Orders for Angola

12 December 2008
Content from a Premium Partner
Lonrho (London)
press release

Lonrho (AIM: LONR) the conglomerate with a structured portfolio of African investments is pleased to announce that e-Kwikbuild, its 55.6%owned subsidiary, has been awarded two contracts in Angola for its prefabricated buildings.

Subsequent to the opening of its new production facility at Port Elizabeth,South Africa,in November 2008, the company announced that it would now have production capacity to further develop its export market.

e-Kwikbuild is pleased to announce that it has been awarded a contract with Kimbo Limbombewa, a local NGO, for the development of a new facility, including a school, training rooms and accommodation for young orphans. The project is funded by the Fund of Social Responsibility (Block 14), which is jointly managed by Chevron and Sonangol. The first stage of the contract is for US$ 1.5 million and is to be built in Viana, close to Luanda. The total project value with further phases is for US$ 4.5 million.

e-Kwikbuild is also pleased to announce that it has been awarded a contract by Sul Engineeria,Angola, for the supply of an office and residential buildings to be constructed on the outskirts of Luanda. The development has a value of US $ 500,000.

David Lenigas, Lonrho's Executive Chairman commented:

"I am delighted that e-Kwikbuildhas been able to secure these export contracts forAngola. The opportunities for e-Kwikbuild to provide building solutions in Angola for offices; schools, clinics; accommodation and other buildings is significant.

"With the opening of the new production facility in Port Elizabeth we are now seeing an increasing order book across other African countries. Due to added capacity eKwikbuild now can accelerate its manufacturing and delivery on time and on schedule."

Enquiries

LonrhoPlc

+44(0)2070165105

David Lenigas,Executive Chairman +44(0)7881825378

Geoffrey White, Chief Executive Officer +44 (0)7717 307 308

Emmade Borchgrave,ExecutiveDirector +44(0)7867785177

Pelham PR

CharlesVivian +44(0)2077436672, +44(0)7977297903

James MacFarlane +44(0)2077436375, +44(0)7841 672831

Collins Stewart Europe Limited

Hugh Field +44(0)2075238350

Read the original article on Lonrho.

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