Statement re Issue of Warrants

LONDON FINANCE & INVESTMENT GROUP P.L.C.                    

                    (Incorporated in England - No. 201151)                     

                              ISSN: GB0002994001                               

Directors                                                  Registered office   
                                                                               
D.C. Marshall, Chairman                                    30 City Road,       
                                                                               
J.H. Maxwell                                               London, EC1Y 2AG    
                                                                               
Dr. F.W.A.A. Lucas                                                             
                                                                               
J.M. Robotham, OBE, FCA, MSI                                                   

                       ISSUE OF WARRANTS : SALIENT DATES                       

Shareholders are referred to the final results announcement released on 11
September 2008 wherein it was advised that Directors propose to issue, free of
charge, Warrants to subscribe for ordinary shares in the Company. The Warrants
will be exercisable at a fixed price of 28p each on the last day of each month
from November 2008 until the Final Exercise Date which will be on or about 30th
September 2010. The Warrants will be issued on the basis of 12 Warrants for
every 100 shares held at the close of business on 6 October 2008, but fractions
of warrants will not be issued. Warrant certificates will be posted at the
holders risk on or about 17 October 2008. The Warrants will not be listed.

SALIENT DATES:

Last day to trade (South Africa)        Monday, 6 October 2008                 
                                                                               
Record date (UK)                        Monday, 6 October 2008                 
                                                                               
Ex Date (UK and SA)                     Tuesday 7 October 2008                 
                                                                               
Record Date (South Africa)              Monday, 13 October 2008                
                                                                               
Certificates issued (UK)                Friday, 17 October 2008                
                                                                               
Certificates issued (South Africa)      Friday, 24 October 2008                

No dematerialisation or rematerialisation or transfer of shares between the
registers in London and South Africa will take place between Monday 6 October
and Tuesday 14 October 2008, both dates inclusive.

As all warrants will be only be rounded down, any shareholder holding 9 shares
or less on the register on 6 October 2008 will therefore not be receiving a
warrant.

18 September 2008

City Group P.L.C.

Secretaries