LB Shell : S656 Meeting & Change of Accounting Reference Date

Lb-shell plc

(LSE: IEH; ADR: INGYY)

Released 18 December 2017

LB-SHELL PLC (the 'Company'): Section 656 Meeting and notification of change of name

The Company confirms that the section 656 meeting (to consider whether any, and if so what, steps should be taken to deal with the Company's serious loss of capital) was duly held earlier today. Following the discussions at that meeting, the Directors confirm that the intention remains to use the Company's limited remaining cash in the orderly winding down or dissolution of the Company. The Directors remain of the view that there is no remaining value in the Company's ordinary shares.

To assist with the preparation for that orderly winding down or dissolution, the Company has extended its accounting reference date from 30 September to 30 November, so as to enable the audited accounts of the Company for the year ended 30 November 2017 to reflect the sale of Intelligent Energy Limited, and of the Company's remaining business and assets, to Meditor Energy Limited and to reflect the Company becoming a non-trading company.

Further announcements will be made in due course.

John Maguire

18 December 2017

Director

For enquiries telephone: 07966 164357