Interim Management Statement

Date:              15th November 2010                                          
                                                                               
On behalf of:      London Finance & Investment Group P.L.C ("Lonfin" or        
                   "Company")                                                  

 

                   London Finance & Investment Group P.L.C.                    

                         Interim Management Statement                          

Lonfin today reports on its performance to date.

In the period of four months to 31st October 2011, Lonfin's net assets per
share, including investments at market value and the anticipated net sale
proceeds of the London investment property, have decreased by 5.1% from 35.0p
to 33.2p. Whilst the value of our European investments and the Strategic
Investments fell, as did the main European indices, we note that the value of
the UK investments in our General Portfolio rose by 2%, compared to a 4% fall
in the FTSE 100. The decline in the value of our Strategic Investments: Western
Selection P.L.C., and MWB Group Holdings Plc was partially offset by a 15% rise
in the value of our holding in Finsbury Food Group plc.

As announced on 4th November, it is proposed that the London investment
property be sold, subject to approval by shareholders. The circular explaining
the proposal and including a notice of an Extraordinary General Meeting will be
posted soon.

The board of Lonfin notes with that the continued market turmoil extant
throughout the world, but especially in the bond and equity markets of the
heavily indebted countries of Europe, the outlook remains unclear.

Enquiries to:

London Finance & Investment GroupP.L.C.                                        
                                                                               
Edward Beale                                 020 7448 8950                     

Notes to Editors:

●  Lonfin is an investment company whose assets primarily consist of three     
   Strategic Investments and a General Portfolio. Strategic Investments are    
   significant investments in smaller UK quoted companies and these are        
   balanced by a General Portfolio, which consists mainly of investments in    
   major U.K. and European equities.                                           
                                                                               
●  Its strategic investments comprise: Western Selection P.L.C., MWB Group     
   Holdings Plc and Finsbury Food Group plc. Western Selection P.L.C. has      
   strategic investments in Creston plc, Swallowfield plc, Northbridge         
   Industrial Services plc and Hartim Limited.