Trading Statement

Date:            20th June 2008                                                
                                                                               
On behalf of:    London Finance & Investment Group P.L.C. ("the Company")      

                   London Finance & Investment Group P.L.C.                    

                               Quarterly Update                                

London Finance & Investment Group P.L.C. (LSE: LFI, JSE: LNF), the investment
company, today provides a third quarter report on its performance.

In the five months to 31st May 2008, net assets fell by 18% from 56p to 45p.
This was primarily due to continuing declines in the values of two of our
strategic investments: Finsbury Food Group plc ("Finsbury") and Marylebone
Warwick Balfour P.L.C.

On 7th April 2008, Finsbury announced an investment of £8.9 million in two
businesses, Yorkshire Farm Bakeries and A & P Foods, with a combined turnover
of £8.5 million, primarily in gluten free breads and morning goods. The
acquisition also brings the rights to the use of the Livewell brands and
Finsbury is now the market leader in the manufacture of gluten free bakery
products.

On 7th April 2008 the Company's associate, Western Selection P.L.C., announced
an investment of £730,000 in support of the MBO/MBI of Tudor Rose International
Limited ("TRI"), a company founded in 1984, which works closely with a number
of UK branded fast moving consumer goods companies, offering a complete sales,
marketing and logistical service. Based in Stroud, Gloucestershire, TRI has a
turnover in excess of £15 million and sells into 78 countries worldwide
including USA, Spain, Portugal, Italy, Czech Republic, Russia, Turkey, South
Africa, Saudi Arabia, UAE, Malaysia, Australia and China. Western Selection now
has a 49.5% interest in TRI.

The Company is confident with its strategy and portfolio of investments, and
believe that these will drive the growth forward in the medium to longer term.
The Company is currently trading at a 23% discount to its net asset value.

For further information, please contact:

London Finance & Investment Group P.L.C.       020 7448 8950                 
                                                                             
David Marshall/Edward Beale                                                  
                                                                             
Frank Lucas                                    020 7628 1128                 
                                                                             
Redleaf Communications                         020 7822 0800                 
                                                                             
Emma Kane/Sanna Sumner                         [e-mail]         

Notes to Editors:

●    London Finance is an investment company whose assets primarily consist of 
     three Strategic Investments and a General Portfolio. Strategic Investments
     are significant investments in smaller UK quoted companies and these are  
     balanced by a General Portfolio, which consists mainly of investments in  
     major U.K. and European equities.                                         
                                                                               
●    Its strategic investments comprise: Western Selection P.L.C., Marylebone  
     Warwick Balfour Group Plc and Finsbury Food Group plc. Western Selection  
     P.L.C. has strategic investments in Creston plc, Swallowfield plc,        
     Northbridge Industrial Services plc and Industrial & Commercial Holdings  
     P.L.C.. The General Portfolio has material interests in Oil, Natural      
     Resources, Pharmaceuticals and Healthcare, Food and Beverages and Banking.