Sale of interest in subsidiary company

Lighthouse Group plc

('Lighthouse' or 'the Group' or 'the Company')

Sale of interest in subsidiary company

Lighthouse, (AIM:LGT) the largest listed UK IFA advisory business, announces the sale of its 50.1 per cent. holding in the shares of Deverill Black & Company Limited ("Deverill Black"), a subsidiary of the Company and an Appointed Representative of the Group, to Towry Limited.

Having been approached and concluded that the holding was not strategic in nature, the Group accepted the offer made for its shareholding in Deverill Black.

In the last audited accounts (for the year ended 31 December 2012 or as at that date) Deverill Black recorded a profit before taxation of £44,173, a profit after taxation of £29,506 and had net assets of £152,891, with the Group's share being 50.1 per cent. of such profits and net assets.

The gross consideration (before costs) from the sale amounted to £501,000 and was paid in cash at completion. These funds will be retained within the Group as part of the Group's overall working capital resources.

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