Result of AGM

Date:              28th November 2012                                          
                                                                               
On behalf of:      London Finance & Investment Group P.L.C ("Lonfin" or        
                   "Company")                                                  

 

                   London Finance & Investment Group P.L.C.                    

                        Annual General Meeting results                         

AGM Results

London Finance & Investment Group P.L.C. (LSE: LFI, JSE: LNF), the investment
company whose assets primarily consist of two Strategic Investments and a
General Portfolio, held its Annual General Meeting today and is pleased to
report that all resolutions were passed by the required majority.

The proxy votes that would have been cast for each resolution, had a poll been
held, were as follows:

  Resolution                For        Against        Abstain
                                                             
       1             17,405,606            Nil            500
                                                             
       2             17,404,406          1,200            500
                                                             
       3             17,405,606            Nil            500
                                                             
       4             17,405,606            Nil            500
                                                             
       5             17,405,606            Nil            500
                                                             
       6             17,405,606            Nil            500
                                                             
       7             17,405,606            Nil            500
                                                             
       8             17,405,606            Nil            500

The Chairman presented a summary of investments showing net assets per share,
including investments at market value, and separately the net assets per share
including the underlying investments of Western Selection P.L.C. at market
value:

Summary of Investments

                                                    28 November         30 June
                                                                               
                                                           2012            2012
                                                                               
                                                           £000            £000
                                                                               
Investment in associate at market value:                                       
                                                                               
Western Selection P.L.C.                                 2,987           3,144 
                                                                               
Strategic Investment at market value:                                          
                                                                               
Finsbury Food Group plc                                  3,494           1,880 
                                                                               
                                                     ----------      ----------
                                                                               
                                                         6,481           5,024 
                                                                               
General Equity Portfolio at market value                 4,787           4,603 
                                                                               
Tangible non-current assets                                  4               4 
                                                                               
Cash, bank balances and deposits                           795           2,217 
                                                                               
Bank loans                                              (1,000)         (1,950)
                                                                               
Other net (liabilities)/assets                             146              55 
                                                                               
Non-controlling interests                                  (98)            (98)
                                                                               
                                                     ----------      ----------
                                                                               
Net assets, including investments at market value       11,115           9,855 
                                                                               
                                                         ======          ======
                                                                               
Net assets per share                                      35.6p           31.6p
                                                                               
Net assets per share, including the underlying                                 
investments of                                                                 
                                                                               
Western Selection P.L.C. at market value.                 44.7p           40.3p

Enquiries to:

London Finance & Investment GroupP.L.C.                                        
                                                                               
Lloyd Marshall                               020 7448 8950                     

Notes to Editors:

●  Lonfin is an investment company whose assets primarily consist of two       
   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. 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. The General Portfolio has material interests in Oil, Natural
   Resources, Pharmaceuticals & Healthcare and Food & Beverages.