AGM Statement

LONDON FINANCE & INVESTMENT GROUP P.L.C.                    

             Announcement of results of the Annual General Meeting             

The Annual General Meeting of the Company was held today and all resolutions
were passed.

At the meeting the Chairman informed shareholders present that the net asset
value of the Company's shares had risen to 36.40p per share at 24th September
2004 from 35.75p per share at the Company's year-end, 30th June 2004.

                                                    For and on behalf the Board

                                                              City Group P.L.C.

                                                                    Secretaries

29th September 2004