Disposal Update

15 April 2016

LITEBULB GROUP LIMITED

("LiteBulb" the "Company" or the "Group")

Corporate Update

LiteBulb (AIM: LBB), the branded product developer, provides an update on corporate activity relating to its disposal strategy, as announced on 3 March 2016.

On 11 April 2016 the business and assets of Litebulb Studios Limited (in administration) were sold to Hubcom Limited for consideration of £20,000 and the business and assets of Meld Marketing Strategies Limited (in administration) and Ginger Fox Limited (in administration) were sold to Hacche Retail Limited for consideration of £131,109 and £321,892 respectively.

The Board cannot give guidance on the timeframe for, or likelihood of, realisations at this stage although the Directors believe that there will be no return to shareholders.

A further update will be made in due course.

For further information, please contact: