London Finance & Investment Group P.L.C.  (the 'Company')           

                 Annual Report and Accounts and Annual General Meeting             

    The Company announces that, in accordance with Listing Rule 9.6.1., the
    following documents have today been submitted to the UK Listing Authority and
    will shortly be available for inspection via the National Storage Mechanism at
    www.hemscott.com/nsm.do:

      * Annual Report and Accounts for the year ended 30th June 2015 ('the Annual
        Report and Accounts 2015');
      * Notice of Annual General Meeting (included within the Annual Report and
        Accounts 2015) of the Company to be held at 10am on 2nd December 2015 at 6
        Middle Street, London EC1A 7JA; and
      * Form of Proxy for the 2015 Annual General Meeting (included within the
        Annual Report and Accounts 2015).

    The above documents are being posted to shareholders today. The Annual Report
    and Accounts 2015 and Notice of Annual General Meeting are also available on
    the website of City Group P.L.C., the Company Secretary, at www.city-group.com.

    The Company's financial statements and information on important events that
    have occurred during the financial year and their impact on the financial
    statements were included in the Company's preliminary announcement released on
    30th September 2015.  That information, together with the information set out
    below, extracted from the Annual Report and Accounts 2015, constitutes the
    material required by Disclosure and Transparency Rule 6.3.5. which is to be
    communicated to the media in full unedited text through a Regulatory
    Information Service.  This announcement is not a substitute for reading the
    full Annual Report and Accounts 2015.  Page and note references in the text
    below refer to page numbers in the Annual Report and Accounts 2015.

    Appendix

    Business Environment, Financial Instruments & Principal Risks and Uncertainties

    The financial instruments of the Group, in addition to its investments,
    comprise cash and borrowings to finance those investments.

    As an investment company our principal risks and uncertainties arise from the
    Group's financial instruments, and are:

    Stock market volatility and economic uncertainty

                          The Company's investment performance will be affected by
    general economic and market conditions. Although the Company cannot predict the
    level of growth in the global economy, as with most businesses, it believes a
    period of weak market growth will have an adverse effect on its investments.
    Volatility relating to the Company's investments, including movements in
    interest rates and returns from equity and other investments will impact upon
    the value of the Group's investment portfolio.

    Possible volatility of share prices of investments

    A number of factors outside the control of the Company may impact the share
    price performance of its investments. Such factors could include investor
    sentiment, local and international stock market conditions, divergence of
    results from analysts' expectations, changes in earnings estimates by analysts
    and changes in political and economic sentiment.

    Dividend income

    The ability of the companies that we invest in to pay dividends to shareholders
    depends upon their profitability, cash flow and the extent to which, as a
    matter of law, they have sufficient distributable reserves from which any
    proposed dividends may be paid and the willingness of the Board to pay. There
    can be no guarantee that the companies we invest in will be able to sustain
    their dividend policies in the future.

    Ability to make strategic investments

    There are limited opportunities for the Company to make strategic investments
    and therefore there is no guarantee that the Company will be able to do so at a
    price the directors believes will represent fair value.

    Liquidity of equity investments in strategic investments

                          Strategic investments may be made in the equity of "small
    cap" companies, both listed and unlisted. There is a risk that due to the low
    level of liquidity in the equity of these strategic investments the Company may
    not be able to realise its investment, either at all, or at a price the Company
    believes reflects fair value.

    The depth and overlap of experience of directors means that there is no key-man
    dependency.  Note 20 sets out the policies of the Board, which have remained
    substantially unchanged for the year under review, for managing risks
    associated with its financial instruments.  In addition the Company is exposed
    to investment risk arising from the selection of investments which it mitigates
    by drawing on the investment experience of its directors.

    The Board does not consider that there is any further information relating to
    environmental matters, employees, social, community and human rights issues
    that it is necessary to report for an understanding of the development,
    performance or position of the Company's business.

    Related Party Disclosures

    Lonfin and its wholly owned subsidiary, owns 43.8% of its associate Western of
    which Mr. D.C. Marshall, Mr. J. M. Robotham and Mr. E.J Beale, the Chief
    Executive of our subsidiary company City Group, are directors.  Mr. D.C.
    Marshall and Mr. J. M. Robotham's shareholdings in Lonfin are set out in the
    accompanying Director's Report.

    Lonfin and/or Western hold shares in Finsbury Food Group Plc and Northbridge
    Industrial Services Plc.  Mr. D.C. Marshall is a director of Northbridge
    Industrial Services plc and Mr. E. J. Beale is a director of Finsbury Food
    Group Plc.

    Mr. D. C. Marshall and Mr. L. H. Marshall are directors and Mr. E.J. Beale is
    the non-executive Chairman of Marshall Monteagle PLC, and Mr D. C. Marshall,
    and Mr J. M. Robotham are shareholders in Marshall Monteagle PLC which in turn
    is a substantial shareholder in Halogen Holdings P.L.C.  Mr. D. C. Marshall is
    Chairman of Halogen Holdings P.L.C. and Mr L. H. Marshall and Mr. E. J. Beale
    are directors of Halogen Holdings P.L.C..

    Lonfin and Western own City Group in the ratio 51.4% and 48.6% respectively. 
    City Group P.L.C. provides offices and company secretarial and administrative
    services to various companies in the United Kingdom and abroad most of which
    are associated with Lonfin and Western including all of the above companies.

    City Group operates as a shared service centre and does not seek to make a
    profit from the provision of its standard services to these related parties. 
    The various company secretarial, accounting, and directors' fees received by
    City Group from those companies, their associates and subsidiaries, total £
    204,000 (2014 - £212,000) for the year under review.  At the statement of
    financial position date the aggregate balance due in respect of fees invoiced
    was £194,000 (2014 - £219,000) and no fees have been paid in advance (2014 - £
    23,000 paid in advance). Settlement is within normal credit terms.

    Other than as disclosed above no director was interested in any contract
    between the directors, the Company and any other related party that subsisted
    during or at the end of the financial year.

    Statement of Directors' Responsibilities in Respect of the Accounts

    As set out above, the following responsibility statement is repeated here
    solely for the purpose of complying with Disclosure and Transparency Rule
    6.3.5. This statement relates to and is extracted from page 35 of the Annual
    Report and Accounts 2015. Responsibility is for the full Annual Report and
    Accounts 2015 not the extracted information presented in this announcement or
    the preliminary announcement released on 30th September 2015.

    The directors are responsible for preparing the Directors' Report and the
    financial statements in accordance with applicable law and regulations.

    Company law requires the directors to prepare financial statements for each
    financial year.  Under that law the directors have elected to prepare the
    financial statements in accordance with International Financial Reporting
    Standards (IFRSs) as adopted by the European Union.  Under company law the
    directors must not approve the financial statements unless they are satisfied
    that they give a true and fair view of the state of affairs of the Company and
    of the profit or loss of the Company for that period.

    In preparing these financial statements, the directors are required to:

      * select suitable accounting policies and then apply them consistently;
      * make judgements and accounting estimates that are reasonable and prudent;
      * prepare financial statements in accordance with IFRSs as adopted by the
        European Union, subject to any material departures disclosed and explained
        in the financial statements;
      * prepare the financial statements on the going concern basis unless it is
        inappropriate to presume that the company will continue in business.

    The directors are responsible for keeping adequate accounting records that are
    sufficient to show and explain the Company's transactions and disclose with
    reasonable accuracy at any time the financial position of the Company and
    enable them to ensure that the financial statements comply with the Companies
    Act 2006.  They are also responsible for safeguarding the assets of the Company
    and hence for taking reasonable steps for the prevention and detection of fraud
    and other irregularities.

    Each of the directors whose names and functions are listed on page 2 confirms
    that to the best of each person's knowledge and belief:

      * the financial statements, prepared in accordance with IFRSs as adopted by
        the EU, give a true and fair view of the assets, liabilities, financial
        position and profit of the Group and Company; and
      * the Directors' Report contained in the Annual Report includes a fair review
        of the development and performance of the business and the position of the
        Group and the Company, together with a description of the principle risks
        and uncertainties that they face.
      * Considers that the annual report, taken as a whole, is fair, balanced and
        understandable and provides the information necessary for shareholders to
        assess the Company's performance, business model and strategy.

    Enquiries to:

    London Finance & Investment Group P.L.C.:                    020 7796 9060

    Johannesburg Sponsor:  Sasfin Capital (a division of Sasfin Bank Limited)