Preliminary results release date (5522B)

TIDMLCG

RNS Number : 5522B

London Capital Group Holdings PLC

21 February 2011

London Capital Group Holdings plc

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

Preliminary results release date

The Company announced on 11 January 2011 that it would be releasing its preliminary results for the year ended 31 December 2010 on 22 February 2011.

As stated in the announcement of 14 February 2011 the Company subsequently announced that, on 11 February 2011, it received a revised assessment from the Financial Ombudsman Service ("FOS") pertaining to commission rebating of a managed spot FX fund which occurred in H1 09. LCG intends to challenge the revised assessment.

LCG is currently studying the findings of the adjudicator and is working with the Company's advisers to ascertain an appropriate provision to make for any potential liability arising from the FOS's assessment in the accounts for the year ended 31 December 2010 (the "2010 Results"). Consequently it has become necessary to delay the release of the Company's 2010 Results for a short time until the level of provision is determined. The Board expects the 2010 Results to be released before the end of March 2011.

The Board also expects that the provision to be made in the 2010 Results relating to the FOS query will be materially less than the total losses on the fund of GBP7.7m.

As previously indicated the full year profit before tax for 2010 (before share based payments, software impairment charges, and the above mentioned exceptional item) is in line with current market expectations. LCG has a strong balance sheet with net cash resources of GBP13.95m as at 31 December 2010.

For further information, please contact: www.londoncapitalgroup.com

London Capital Group Holdings plc

Simon Denham, Chief Executive Officer

020 7456 7000

Cenkos Securities plc

Nicholas Wells

020 7397 8900

Smithfield Consultants

John Kiely

020 7360 4900

Notes to Editors:

London Capital Group Holdings plc (hereafter "LCGH plc" or "LCG" or "London Capital Group" or "the Group") is a rapidly growing financial services company offering online trading services.

London Capital Group Limited (LCG Ltd), a wholly owned trading subsidiary of LCGH plc, is authorised and regulated by the Financial Services Authority. Its core activity is the provision of spread betting products on the financial markets to retail clients under the trading name Capital Spreads. Its other divisions provide online foreign exchange trading services to institutional and professional clients and also institutional derivatives broking. LCG Ltd is one of the leading providers of white label financial spread trading platforms and its white label partners include TradeFair, Paddy Power, PartyGaming Plc, Saxo Bank, and TD Waterhouse. Prospreads.com is authorised and regulated by the Financial Services Commission in Gibraltar and provides spread betting products on financial markets to professional clients.

Capital CFDs (Australia) is a trading name of London Capital Group Pty Limited, a wholly owned subsidiary of LCGH plc, and is regulated by the Australian Securities and Investments Commission.

LCG Ltd has a European passport and is a member of the London Stock Exchange. London Capital Group Limited also has access to international markets through its global clearing relationships.

LCGH plc is listed on the London Stock Exchange's AIM market. LCG is included in the General Financial sector (8770) and Speciality Finance sub sector (8775) and has a RIC code of LCG.L.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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