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LNF - London Finance & Investment Group P.L.C - Lonfin reports on its performance to date. London Finance & Investment Group P.L.C. (Incorporated in England - No. 201151) Code : LNF ISSN: GB0002994001 Interim Management Statement LONFIN 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 Group P.L.C. Edward Beale 020 7448 8950 Additional information: - 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. United Kingdom 15 November 2011 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 15/11/2011 09:00:18 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
