LOM 2007 Half Year Financial Results

Hamilton, Bermuda: July 23, 2007 -- To our Shareholders: Continuing strong equity markets and a buoyant natural resources sector has provided the backdrop for a strong first half result for LOM.

Your company has faced slightly higher costs as we have moved to put in place some

enhancements to services we offer our customers and some anticipated system changes to allow us to achieve greater efficiencies. These include several planned technology enhancements for our customers. Additionally all of the LOM subsidiaries have increased marketing efforts. As part of this realignment LOM Securities (Bahamas) Limited will be moving to new offices in downtown Nassau in September. This will allow us greater access to both our customer base and prospective introducers of new business.

LOM's first half net earnings for 2007 increased 17% to $1,275,200 or 20 cents per share versus $1,085,571 for the same period in 2006.

Revenues had the following year-on-year changes:

€¢ Broking fees fell 17% to represent 52% of group revenues as the brokerage

subsidiaries, like the industry, continued to face downward pricing pressure on

commission rates.

€¢ Asset management revenues rose 8.5%.

€¢ Fees realized from corporate finance work rose over 4 times to total $240,068.

€¢ Foreign Exchange revenues slipped 30%.

€¢ Net interest earnings rose 18% as a result of higher interest rates.

€¢ Revenues from proprietary trading increased 6 times to $465,222.

€¢ Overall revenues for the Group fell 2.7%.

Costs for the group witnessed year on year comparisons as follows:

€¢ Operating costs for the Group, ex the commission payments that are directly

related to brokerage revenue, decreased 5.4 %.

€¢ Overall operating expenses fell 6.2%.

€¢ Employee expenses rose 19% as the group has hired additional staff to prepare for

future growth.

On other financial measures:

€¢ LOM's assets under administration rose very slightly to $1,003 million as of June 30, 2007.

€¢ LOM remains in a strong financial position with net equity of $21.3 million and

no debt.

€¢ Our annualized return on equity was 12% during the first half of 2007.

€¢ LOM holds cash and equivalents of $9.1 million, representing 43% of net equity.

€¢ As of June 30, 2007 LOM's book value was $3.28 per share.

LOM paid its regular dividend of $0.05 per share to shareholders of record on the May

18, 2007.

Our current share price on the Bermuda Stock Exchange is $3.60.

LOM's will continue to buy back shares for cancellation to a total outlay not exceeding

$1,000,000. Over the first half of the year, the Company purchased for cancellation

49,100 shares.

We are experiencing a normal summer slowdown in transactions for July and August. We anticipate volumes will return to normal in September.

We would like to thank our customers very much for their continued support and our

staff for all of the hard work and dedication they relentlessly exhibit in delivering

excellent service and advice to our customers.