Directorate Change

Lighthouse Group plc

(the "Company")

Financial Adviser Awards: Large IFA of the Year

Directorate Change

The Board of Lighthouse Group ("Lighthouse" or the "Company") announces that David Hickey has today resigned as Executive Chairman and director.

Background

The recent proposal to shareholders that Lighthouse should cancel the admission of the Company's shares to trading on AIM (the "Cancellation") was unanimously supported by the Board. However following the General Meeting of the Company held on 31 July 2012 at which Shareholders did not pass the proposed special resolution to approve the Cancellation, David notified the Board that, as the individual primarily responsible for liaising with shareholders, and continuing to believe that the AIM quotation was inappropriate for Lighthouse, it would be appropriate for him to step down, logically at the time of the release of the forthcoming 2012 Interim Statement.

Subsequently a requisition notice was received requiring a General Meeting to be held no later than 1 October 2012 to consider and vote upon various resolutions relating to the structure of the Board. In view of the uncertainty which this prolonged period would entail, David proposed that his resignation date be brought forward to the earliest possible date, and this has now been agreed by the Board.

Appointment of New Non-Executive Chairman

Mr. Richard Last, who has been a non-executive director of Lighthouse since 2007, has agreed to assume the role of non-executive Chairman with immediate effect. Mr. Last has considerable business experience, including in the public company arena and especially of AIM quoted companies.

Historic Trading Performance

David Hickey became Executive Chairman of Lighthouse some 10 years ago. At the time Lighthouse had 100 Independent Financial Advisers, revenues of £10 million of which a small proportion was recurring, and was heavily loss making.

For 2011, Lighthouse reported some 600 advisers, revenues exceeding £60 million, of which £18 million was recurring, and profits of £1.6 million at the reported EBITDA level.

David Hickey said: "My record at Lighthouse speaks for itself, and I leave the Group in a strong financial and operational position. The current management team is very experienced and capable and I have no doubt that Lighthouse will continue to thrive."

Richard Last said: "Lighthouse was transformed by David, and under his direction and leadership it has become a significant and successful IFA business. We are sorry to lose him, particularly at this time, and wish to thank him for his considerable contribution to the Group."

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