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LOM (Holdings) Limited Notification
Hamilton, Bermuda: February 7, 2008 - In an announcement made to the Bermuda Stock Exchange (BSX), Notice has been given that LOM (Holdings) Limited (the "Company") intends to acquire the listed securities pursuant to a securities repurchase program.
In view of the disparity between the current share price and the current book value of shares, the Board of Directors of the Company has authorized management to purchase shares for cancellation at a cost not to exceed $1,000,000.
During 2007 to date the Company repurchased 169,100 shares.
Neither the directors nor executive officers of the Company are aware of any associate and insider of the Company or any associate of any insider of the Company who intends to sell listed securities to the Company during the course of the securities repurchase program.
Neither the directors nor executive officers of the Company are aware of any direct or indirect benefits to any associate and insider of the Company or any associate of any insider of the Company by selling the listed securities during the currency of the securities repurchase program.
Waterstreet Corporate Services Limited
Registrar and Transfer Agent