AGM Statement (1871H)

TIDMLCG

RNS Number : 1871H

London Capital Group Holdings PLC

24 May 2011

London Capital Group Holdings plc

("LCG" or the "Company")

AGM Statement

The Board of London Capital Group Holdings plc ("the Group"), the financial services and online spread betting and CFD company, is pleased to report that key performance indicators for the first four months of the year remain positive and the group is currently trading in line with full-year management expectations.

Although volatility for the four months to April 2011 has been low, particularly during April due to the extended number of public holidays, we are pleased that revenue for the four month period has remained stable year-on-year despite a considerably better market backdrop in the first quarter last year. Total client funds on deposit stood at GBP45.3m at the end of April. Following the recent fundraising the group has a strong balance sheet with net cash at 30 April 2011 of GBP21.9m.

We are communicating with the financial ombudsman service with regard to the adjudicator assessment made in February this year and will update the market in due course.

Whilst our business is one which has little predictability of future earnings, the KPIs demonstrated to date in difficult market conditions give the Board reason to look forward to the remainder of the year with confidence.

For further information, please contact:

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 TD Waterhouse, TradeFair, PartyGaming Plc, and Saxo Bank. 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. LCG Ltd 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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