LONDON FINANCE & INVESTMENT GROUP P.L.C.

                   ("Lonfin", "the Company" or "the Group")

Preliminary announcement of unaudited results for the year ended 30th June 2013
                           and dividend declaration

London Finance & Investment Group P.L.C. (LSE: LFI, JSE: LNF), the investment
company whose assets primarily consist of Strategic Investments and a General
Portfolio, today announces its Preliminary Results for the year ended 30th June
2013.

Chairman's statement

Lonfin is an investment company whose objective is to generate growth in
shareholder value in real terms over the medium to long term while maintaining
a progressive dividend policy.

In the short term, the performance of the Company can be influenced by overall
stock market performance and to ameliorate this short term risk the Company has
a combination of Strategic Investments together with a General Portfolio.
Strategic Investments are significant investments in smaller U.K. quoted
companies and these are balanced by a General Portfolio, which consists of a
broad range of investments in major U.S.A., U.K. and other European companies
which provides a diversified exposure to international equity markets.

At 30th June 2013, the Strategic Investments in which we have Directors in
common, were our associated company Western Selection P.L.C. and Finsbury Food
Group Plc. Detailed comments on our Strategic Investments are given below.

  * Net assets have increased over the year by 44.6% from 31.6p per share to
    45.7p per share

  * The General Portfolio has increased over the year by 17.5%

  * The General Portfolio is yielding 3.0% (2012 - 3.0%)

  * Net borrowings of £534,000 compared with £267,000 of net cash at 30 June
    2012

  * Decrease of 4% in operating costs

Results

Our net assets per share have increased 44.6% to 45.7p from 31.6p last year.
The increase reflects the appreciation in the value of our Strategic
Investments of 81%, largely attributable to the appreciation in Finsbury Food
Group, and an increase in the value of our General Portfolio by 17.5%

The Group achieved a profit for the year, before tax and the fair value
adjustments of investments, of £171,000 (2012, including profit on sale of
freehold property of £2,137,000 - £2,074,000). The profit after fair value
adjustments, tax and non-controlling interest was £4,637,000 (2012 - £869,000)
giving a profit per share of 14.9p (2012 - 2.8p).

Strategic Investments

Western Selection P.L.C. ("Western")

The Group owns 7,864,412 shares, being 43.8%, of the issued share capital of
Western.

On 27th September 2013, Western announced a profit before associates and tax of
£681,000 for its year to 30th June 2013 (2012 - £164,000). Including associates
and after exceptional items and tax, losses per share were1.6p (2012 - profits
- 1.0p).

Western has paid an interim dividend of 0.85p and proposes an increased final
dividend of 1.05p (2012 - 0.90p). Western's net assets at market value were £
14,799,000, equivalent to 82p per share, an increase of 14% from 72p last year.

Our share of the net assets of Western including the value of Western's
investments at market value, was £6.5 million (2012 - £5.6 million). The fair
value recorded in the statement of financial position is the market value of £
3,930,000 (2012 - £3,144,000). This represents 27% (2012 - 32%) of the net
assets of the Group.

Mr. D. C. Marshall is the Chairman of Western and Mr. J. M Robotham and Mr.
E.J. Beale, the chief executive of our subsidiary company (City Group P.L.C.),
are non-executive Directors. Western has Strategic Investments in Creston plc,
Northbridge Industrial Services plc, Swallowfield plc and Hartim Limited. An
extract from Western's announcement relating to its Strategic Investments is
set out below:



Creston plc

Creston is a marketing services group whose strategy is to grow within its
sector both by organic growth and through selective acquisition to become a
substantial diversified marketing services group. In their trading
announcement on 29th July, Creston reported high levels of new business
activity and confidence this would lead to underlying growth in its client
base. Further information about Creston is available on their website:
www.creston.com.

The audited results for the year to 31st March 2013, show a headline profit
before tax of £10,000,000 (2012 - £10,300,000), equivalent to fully diluted
earnings of 14.66p per share (2012 - 12.34p).

Western maintained its holding of 3,000,000 shares in Creston, which is 4.9%
of their issued share capital. The value of this investment at 30th June
2013 was £3,240,000, an increase of 96% from the value of £1,650,000 at June
2012, and represents 22% (2012 - 13%) of Western's net assets.

Mr D. C. Marshall is a non-executive director of Creston.

Northbridge Industrial Services PLC

Northbridge hires and sells specialist industrial equipment to a
non-cyclical customer base. With offices or agents in the U.K., U.S.A.,
Dubai, Germany, Belgium, France, Australia, Singapore, India, Brazil, Korea
and Azerbaijan, Northbridge has a global customer base. This includes
utility companies, the oil and gas sector, shipping, construction and the
public sector. The product range includes loadbanks, transformers,
generators, compressors, loadcells and oil tools.

On 13th September Northbridge announced the acquisition of Crestchic (Asia
Pacific) PTE Limited for £6.63m, funded by cash resources and a share
placing of 1,561,700 new shares. The acquisition of the Singapore based
distributor of loadbanks and transformers, enhances Northbridge's presence
in the region and re-unifies the brand. Further information about
Northbridge is available on their website: www.northbridgegroup.co.uk.

Northbridge announced audited profits of £3,707,000 for the year ended 31st
December 2012 (2011 - £2,321,000) and declared a final dividend of 3.575p
per share, making 5.425p for the year (2012 - 5.0p).

Western sold 200,000 of its 2,200,000 holding in May 2013, realising £
738,000 and a profit of £527,000, and now holds 2,000,000 shares in
Northbridge. Following the sale, Western's holding is 11.6% of their issued
share capital. The value of this investment at 30th June 2013 was £7,040,000
(2012 - £5,984,000) being 48% (2012 - 46%) of Western's net assets.

Mr D. C. Marshall is a non-executive director of Northbridge.

Swallowfield plc

Swallowfield is a market leader in the development, formulation, manufacture
and supply of cosmetics, toiletries and related household products for
global brands and retailers operating in the cosmetics, personal care and
household goods market.The company has recently appointed a new Chairman and
a new Chief Executive. Further information about Swallowfield is available
on their website: www.swallowfield.com.

Swallowfield announced its annual results to June 2013 on 19th September
showing a loss after tax of £815,000 compared to a profit of £1,263,000 for
the comparable period last year. Dividends of £118,000 (2012 - £118,000)
were received from Swallowfield during the year.

At the reporting date Western owned 1,869,149 shares which is 16.5% of their
issued share capital. The market value of this investment on 30th June 2013
was £1,495,000 (2012 - £2,187,000), being 10% (2012 - 17%) of Western's net
assets.

Investments in Associates

Hartim Limited

Hartim is the unquoted holding company for Tudor Rose International Limited
("TRI") which was founded in 1984. It works closely with a number of leading
UK branded fast moving consumer goods companies, offering a complete sales,
marketing and logistical service. Based in Stroud, Gloucestershire, TRI
sells into 78 countries worldwide including USA, Spain, Portugal, Italy,
Czech Republic, Russia, Turkey, South Africa, Saudi Arabia, UAE, Malaysia,
Australia and China. Last year Hartim acquired out of administration its
principal distributor in Australia, but the Australian business has not been
successful in generating sufficient sales to cover its overhead costs and
significant losses have been incurred, leading to the winding up of this
business.

Western holds 49.5% of Hartim, which has a 31st December year end, and which
generated trading profits before exceptional items in the year to 30th June
2013 of £915,000. Hartim sustained exceptional losses, after tax, in
connection with Australia of £2,809,000. Turnover in the period was £
21,609,000 (2012 - £27,799,000). Western's share of the consolidated loss
after exceptional items and tax for the twelve months to 30th June 2013 was
£937,000 (2012 - loss - £342,000) and the book value of the investment at
30th June 2013 was £185,000 (2012 - £1,124,000), being 1% (2012 - 10%) of
Western's assets.

Despite the problems in Australia, the UK division of Hartim continues to
trade profitably. We have high hopes for this business provided that it can
avoid any more costly misadventures.

Western has two nominees on the board of Hartim: Mr E. J. Beale and Mr L. H.
Marshall (a director of City Group PLC, Western's company secretaries).

MWB Group Holdings Plc ("MWB")

MWB was placed into administration on 16 November 2012. We made an
impairment provision in the subsidiary holding this investment of £1,611,000
in 2012 and with a write off of £70,000 this year the cost has now been
fully written off.

Finsbury Food Group Plc ("Finsbury")

Finsbury is one of the largest producers and suppliers of premium cakes,
bread and morning goods in the UK. The Group currently supplies most of the
UK's major supermarket chains. Further information about Finsbury is
available on its website: www.finsburyfoods.co.uk.

The Group increased its holding in Finsbury by 1 million shares at a cost of
£390,000 and held 9 million shares, representing 13.95% of their share
capital. The market value of the holding was £5,490,000 on 30th June 2013
(cost - £2,283,000) and represents 38% (2012 - 19%) of the net assets of the
Group.

On 23rd September Finsbury announced audited profits on continuing
operations after tax and minority interests of £5,218,000 for the year ended
30th June 2013 (2012 - £3,291,000) and profits after tax on discontinued
operations of £3,034,000 (2012 - £1,560,000). Finsbury returned to the
dividend list for the first time since 2008, paying an interim of 0.25p and
declaring a final dividend of 0.5p per share, making 0.75p for the year
(2012 - nil).

Mr. D.C. Marshall and Mr. E. J. Beale, the Chief Executive of our subsidiary
company City Group P.L.C., are non-executive Directors of Finsbury.

General Portfolio

The investments comprising the General Portfolio at 30th June 2013 are
listed on page 11. The spread of the General Portfolio was increased by the
addition of North American holdings. The portfolio is diverse with material
interests in Food and Beverages, Natural Resources, Chemicals, and Tobacco.
We believe that the portfolio of quality companies we hold has the potential
to outperform the market in the medium to long term.

The number of holdings in the General Portfolio has reduced to 29 from 30.
We have increased the amount invested in the General Portfolio over the year
by £626,000 (2012: increased by £171,000).

Operations & Employees

All of our operations and those of our associate, Western, except investment
selection, are outsourced to our subsidiary, City Group P.L.C. City Group also
provides office accommodation, company secretarial and head office finance
services to a number of other U.K. and Jersey clients. City Group has
responsibility for the initial identification and appraisal of potential new
strategic investments for the Group and the day to day monitoring of existing
strategic investments.

Dividend

The Board recommends a final dividend of 0.4p, making 0.8p per share for the
year (2012 - 0.7p). Subject to member's approval on 28th November 2013, the
dividend will be paid on 11th December 2013 to those members on the register at
the close of business on 22nd November 2013. Shareholders on the South African
register will receive their dividend in South African rand converted from
sterling at the closing rate of exchange on 26 September 2013 being GBP1 =
ZAR16.0307.

Since the introduction on 1 April 2012 of a new dividend withholding tax in
South Africa, the JSE Listings Requirements require disclosure of additional
information in relation to any dividend payments. Shareholders registered on
the Johannesburg register are therefore advised that the new dividend
withholding tax will be withheld from the gross final dividend amount of
6.41228 SA cents per share at a rate of 15%, unless a shareholder qualifies for
an exemption; shareholders registered on the Johannesburg register who do not
quality for an exemption will therefore receive a net dividend of 5.45044 SA
cents per share. The Company, as a non-resident of South Africa, was not
subject to the secondary tax on companies (STC) applicable before 1st April
2012, and accordingly, no STC credits are available for set-off against the
dividend withholding tax liability on the final net dividend amount. The
dividend is payable in cash as a `Dividend' (as defined in the South African
Income Tax Act, 58 of 1962, as amended) by way of a reduction of income
reserves.  The dividend withholding tax and the information contained in this
paragraph is only of direct application to shareholders registered on the
Johannesburg register, who should direct any questions about the application
of the new dividendwithholding tax to Computershare Investor Services (Pty)
Limited, Tel: +27 11373-0004.

Dividend dates:

                                                                           2013

Last date to trade (SA)                                     Friday, 15 November

Shares trade ex dividend (SA)                                Monday,18 November

Shares trade ex dividend (UK)                            Wednesday, 20 November

Record date (UK and SA)                                Friday, 22 November 2013

Pay date                                            Wednesday, 11 December 2013

Share certificates may not be dematerialised or rematerialised between Monday
18th November and Friday 22nd November 2013, both days inclusive. Shares may
not be transferred between registers during this period either.

Outlook

We believe our mix of Strategic Investments and a General Portfolio gives us
every chance of outperforming the broader market in the medium to long term.
However, as a board we do concern ourselves that large scale quantitative
easing by central banks is creating a market that is divorced from economic
reality.


By Order of the Board

CITY GROUP P.L.C.
Secretaries
30th September 2013




Unaudited Consolidated Statement of Comprehensive Income

Consolidated Statement of Total Comprehensive Income

For the year ended 30th June                                  2013        2012
                                                              £000        £000

Dividends - Listed investments                                 313         265

Interest receivable                                              4           4

Rental and other income                                         54          70

Profits/(Losses) realised on sales of investments              215         (32)

Management services fees                                       228         295
                                                            ------       -----
Operating income                                               814         602

Administration expenses                                       (610)       (638)
                                                            ------       ------
Operating profit/(loss)                                        204         (36)

Unrealised changes in the carrying value of                  4,629      (1,134)
investments

Exceptional profit on disposal of property                       -       2,137

Interest payable                                              (33)         (27)
                                                             -----       ------
Profit on ordinary activities before taxation                4,800         940

Tax on result of ordinary activities                          (180)        (65)
                                                             -----       ------
Profit on ordinary activities after taxation                 4,620         875

Non-controlling interest                                        17          (6)
                                                             -----       ------
Profit for the financial year attributable to                4,637          869
members of the holding company

Other comprehensive income                                       -           -
                                                             -----       ------
Total comprehensive income attributable to                   4,637          869
shareholders

Reconciliation of headline earnings

Basic profit per share                                       14.9p         2.8p

Adjustment for the unrealised changes in the               (14.2)p         3.6p
carrying value of investments, net of tax                  -------       ------

Headline profit per share                                     0.7p         6.4p
                                                           -------       ------


Unaudited Consolidated Statement of Changes in Shareholders' Equity

                                                   Unrealised      Share of Retained
                     Ordinary   Share                profits/ undistributed realised               Non-
                        Share premium Revaluation (losses) on    results of  profits        Controlling   Total
                      Capital account     Reserve investments  Subsidiaries & losses  Total   interests  equity
                         £000    £000        £000        £000          £000     £000   £000        £000    £000

Year ended 30th June
2012

Balances at 1st July    1,560   2,320         330     (1,750)           904    5,825  9,189          92   9,281
2012

Total comprehensive         -       -           -      2,086         (1,476)     259    869           6     875
income                  ---------------------------------------------------------------------------------------
Transfer on disposal        -       -        (330)         -              -      330      -           -       -

Dividends paid              -       -           -          -              -     (203)  (203)          -    (203)
                        ---------------------------------------------------------------------------------------
Total transactions          -       -           -          -              -     (203)  (203)          -    (203)
with shareholders
                        ---------------------------------------------------------------------------------------
Balances at 30th        1,560   2,320           -        336           (572)   6,211  9,855          98   9,953
June 2013               ---------------------------------------------------------------------------------------

Year ended 30th
June 2013

Balances at 1st         1,560   2,320           -        336           (572)   6,211  9,855          98   9,953
July 2012               ---------------------------------------------------------------------------------------
Total                       -      -            -      4,495             73       69  4,637         (17)  4,620
comprehensive           ---------------------------------------------------------------------------------------
income

Dividends paid              -      -            -          -              -     (234) (234)           -   (234)
                        ---------------------------------------------------------------------------------------
Total                       -      -            -          -              -     (234) (234)           -   (234)
transactions
with                    ---------------------------------------------------------------------------------------
shareholders

Balances at 30th        1,560   2,320           -       4,831           (499)  6,046 14,258          81 14,339
June 2013              ----------------------------------------------------------------------------------------


Unaudited Consolidated Statement of Financial Position

At 30th June                                                   2013        2012
                                                               £000        £000

Non-current Assets

Tangible assets                                                   3           4

Investments                                                   9,420       5,094
                                                             ------      ------
                                                              9,423       5,098
                                                             ------      ------
Current Assets

Listed investments                                            5,601       4,533

Trade and other receivables                                     256         272

Cash at bank                                                    116       2,217
                                                             ------      ------
                                                              5,973       7,022

Current Liabilities

Trade and other payables: falling due within one year         (853)     (2,167)
                                                             ------      ------
Net Current Assets                                            5,120       4,855

Deferred taxation                                              (204)          -
                                                             ------      ------
Total Assets less Current Liabilities                        14,339       9,953
                                                             ------      ------
Capital and Reserves

Called up share capital                                       1,560       1,560

Share premium account                                         2,320       2,320

Unrealised profits and losses on investments                  4,831         336

Share of retained realised profits and losses of               (499)       (572)
subsidiaries

Company's retained realised profits and losses                6,046       6,211
                                                            -------     -------
                                                             14,258       9,855

Non-controlling equity interests                                 81          98
                                                            -------     -------
                                                             14,339       9,953
                                                            -------     -------



Unaudited Company Statement of Financial Position

at 30th June                                                    2013        2012
                                                                £000        £000

Non-current Assets

Investments in Group companies                                 6,147       5,987

                                                          ---------- -----------

Current Assets

Listed investments                                             5,601       4,533

Trade and other receivables                                       35          18

Bank balance                                                      76       2,202
                                                             -------     -------
                                                               5,712       6,753

Trade and other payables: falling due within one year           (757)     (2,096)
                                                             -------     -------
Net Current Assets                                             4,955       4,657
                                                             -------     -------
Deferred taxation                                               (204)          -
                                                             -------     -------
Total Assets less Current Liabilities                         10,898      10,644
                                                             -------     -------
Capital and Reserves

Called up share capital                                        1,560       1,560

Share premium account                                          2,320       2,320

Unrealised profits and losses on investments                     972         553

Realised profits and losses                                    6,046       6,211
                                                             -------     -------
Equity shareholders' funds                                    10,898      10,644
                                                             -------     -------


Unaudited Consolidated Statement of Cash Flow

For the year ended 30th June                                     2013      2012
                                                                 £000      £000

Cash flows from operating activities

Profit before tax                                               4,800       940

Adjustments for non-cash and non-operating activities -

Finance expense                                                    33       27

Profit on disposal of property                                      -   (2,137)

Depreciation charges                                                1        5

Unrealised changes in the fair value of investments            (4,629)   1,134
                                                               -------  ------
                                                                  205     (971)

Taxes paid                                                        (22)     (17)
                                                               -------  -------
Changes in working capital

Increase in trade and other receivables                           (16)     (12)

Increase in trade and other payables                               64      158

Increase in current asset investments                            (375)    (301)
                                                               -------   ------
                                                                 (327)    (155)
                                                               -------   ------

Net cash outflow from operating activities                       (144)     (63)
                                                              -------   -------
Cash flows from disposal of property                                -    2,495
                                                              -------   -------
Cash flows from investment activity

Purchase of strategic investments                               (390)        -
                                                              -------   -------
Net cash outflow from investment activity                       (390)        -
                                                              -------   -------
Cash flows from financing

Interest paid                                                    (33)      (27)

Equity dividends paid                                           (234)     (203)

Net (repayment) / drawdown of loan facilities                 (1,300)      134
                                                              -------    ------
Net cash outflow from financing                               (1,567)      (96)
                                                              -------    ------
(Decrease)/Increase in cash and cash equivalents              (2,101)    2,196

Cash and cash equivalents at the beginning of the year         2,217        21
                                                              -------    ------
Cash and cash equivalents at end of the year                     116     2,217
                                                              -------    ------

Notes

1.   Earnings per share are based on the profit on ordinary activities after
     taxation and non controlling interests and on 31,207,479 shares
     (2012-31,207,479) being the weighted average of the number of shares in
     issue during the year.

2.   The financial information in this preliminary announcement of unaudited
     group results does not constitute the company's statutory accounts for the
     years ended 30th June 2013 or 30th June 2012 but is derived from those
     accounts. The accounts have been prepared in accordance with International
     Financial Reporting Standards (IFRS) as adopted by the European Union and
     with those parts of the Companies Act 2006 applicable to companies
     reporting under IFRS. The accounts are prepared on the historical cost
     basis, except for certain assets and liabilities which are measured at
     fair value, in accordance with IFRS and comply with IAS 34. The audited
     accounts of the group for the year ended 30th June 2012 were reported on
     with an unqualified audit report and have been delivered to the Registrar
     of Companies.





Enquiries to:

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

David Marshall / Edward Beale