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LNF- London Finance & Investment Group P.L.C.- Interim Management Statement

Release Date: 18/05/2012 12:30
Code(s): LNF
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LNF- London Finance & Investment Group P.L.C.- Interim Management Statement London Finance & Investment Group P.L.C. (Incorporated in England - No. 201151) Code : LNF ISIN: GB0002994001 INTERIM MANAGEMENT STATEMENT Lonfin today reports on its performance to date. Since the 31st December 2011, our net assets per share, including investments at market value, increased by 3.8% from 32.7p to 33.93p at 30th April 2012. The Company`s General Portfolio of equities increased in value by 6.4% compared to an increase in the Eurofirst 300 index of 5.0%. The value of our Strategic Investments: Western Selection P.L.C., Finsbury Food Group plc and MWB Group Holdings Plc increased marginally in the period with a 10.5% rise in the value of our holding in Western Selection P.L.C. offset by falls in the other two holdings. Following the disposal of the London investment property earlier this year, we have recently started to invest the sale proceeds in blue chip stocks held in our General Portfolio. This will be a gradual process as the aim is to buy the shares at what the Board considers to be good value. The Board remains cautious about the remainder of the Company`s financial year given the continuing uncertainty in the Euro-zone. Enquiries to: London Finance & Investment Group P.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. 18 May 2012 Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 18/05/2012 12:30:00 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.

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