RNS Number:7874R
London Finance & Investment Grp.PLC
29 September 2000

 
                LONDON FINANCE & INVESTMENT GROUP P.L.C.
                             ("the Company")
 
At the Annual General Meeting of the Company held today the Chairman
announced that the Company's net asset value per share, as at the close of
business on 28 September 2000, was 61.13p, an increase of 22.13% since the
Company's year end, 30 June 2000.
 
He also announced that the net asset value of the Company's 40.48% associate,
Western Selection P.L.C., had increased by 17.37% to 34.73p per share in the
same period. The Directors of Western understand that no taxation would be
payable on the liquidation of the company's portfolio.
 
The above net asset value of the Company, 61.13p, includes Western at market
value. Substituting Western's net asset value for its market value, the
figure would be some 18% higher at 72.50p.
 
                                                 For and on behalf the Board
 
                                                               D.C. Marshall
                                                                    Chairman
 

                                                             
                   London Finance & Investment Group P.L.C.  
                                                                    
          
  Net assets at a glance                 28 September              30 June    
                                                 2000                 2000    
                                                    #                    #    
  Principal investments at market value:                                        
 Western Selection PLC                     3,614,381            2,604,263    
  Megalomedia plc                             840,000              867,375    
  Marylebone Warwick Balfour Group Plc      6,270,000            4,830,000    
  Creston plc                                 269,100              238,050    

                                           10,993,481            8,539,688    
  General equity portfolio at market        5,679,825            5,479,207    
  value                                                                       
  Tangible fixed assets                       509,535              516,535    
  Cash, bank balances and deposits            126,724               52,884    
  Bank Loan                                (1,500,000)         (1,500,000)    
  Other net liabilities                      (154,464)           (260,812)    
  Minority interests                          (52,643)            (52,643)    

  Net assets, including investments at     #15,602,458         #12,774,859    
  market values                                                               

  Net Assets per share                          61.13    p           50.05  p 

  Increase since year end                       22.13    %                    

  Net assets, including Western at net     #18,504,874         #15,608,589    
  asset value                                                                 

  Net Assets per share                          72.50    p           61.15  p 

  Increase since year end                       18.56    %                    
 
 


                                                                            
                             Western Selection PLC                            
  Net Assets at a glance                                                      
                                          28 September             30 June    
                                                  2000                2000    
                                                     #                   #    
  Principal investments at market                                             
  value:                                                                      
  Creston plc                               1,734,619            1,534,500    
  The Sanctuary Group PLC                   4,494,582            4,817,500    

                                            6,229,201            6,352,000    
  General equity portfolio at market        6,298,469            5,185,800    
  value                                                                       
  AIM, Ofex and Others                      1,160,935            1,165,300    
  Cash, bank balances and deposits          1,643,703               48,500    
  Bank Overdraft                                     -            (83,900)    
  Other net liabilities/assets               (223,472)             205,600    

  Net assets, including investments at     #15,108,836         #12,873,300    
  market values                                                               
  Net Assets per share                           34.73   p           29.59  p 

  Increase since year end                       17.37    %
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