Proposed re-organisation of operating facilities

Lighthouse Group plc

("Lighthouse" or "the Group")

Financial Adviser Awards: Large IFA of the Year

Proposed re-organisation of operating facilities

Lighthouse Group (AIM:LGT) Lighthouse Group announces that it has undertaken a strategic review, the findings of which may result in the closure of its Exeter office and certain operational changes to the way Lighthouse delivers and improves services to its adviser community and customers.

The review considered many factors in assessing the future operational needs of the Group, including:

· The optimum locations for the Group's operations, taking into account where its principal wholly owned operating businesses, Lighthouse Financial Advice and LighthouseCarrwood, are based;

· The availability of appropriately skilled labour markets in close proximity to the Group's operating locations; and

· The respective remaining periods of time until the various leases for locations occupied by the Group reach their next break or expiry points.

Following completion of the review, it is proposed that, subject to final Board approval, the work presently carried out from the Group's back office operations centre in Exeter will be transferred to its Stockport and Woodingdean offices before the end of March 2014.

Before a decision is finally taken as to whether or not to implement the proposal, and in order to comply with employment law requirements, a collective consultation process with employee representatives will be undertaken. Each employee affected will also be consulted individually.

In the event that the proposal is implemented, it is anticipated that the Exeter premises would be fully vacated by 31 March 2014.

The proposal, if fully implemented, is expected to deliver operational efficiency gains following the date of final delivery in mid 2014.

Malcolm Streatfield, Chief Executive Officer of Lighthouse, commented: "This announcement comes as part of the Group's ongoing work to rationalise and simplify its operational structure, as previously reported. With five locations nationwide, which have evolved as a result of the Group's historic M&A activity, it is important for the Board to assess the efficacy of its structure and, where appropriate, rationalise its operations.

"The operational efficiencies that would result if the proposal was implemented would benefit the overall Group. As a result of the Group's growing client base, particularly through its strong partnerships with affinity groups, staff from the Exeter office who did wish to apply to relocate to other offices would be able to do so."

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