Lloyd George Invst. - Changes to the Prospectus of the Company

The Directors of the Company would like to inform Shareholders of changes to the prospectus for Lloyd George Investment Company plc (the "Company") dated 30^th May, 2008 as amended by the First Addendum dated 11^th September, 2008, Second Addendum dated 1^st June, 2010, Third Addendum dated 8^th April, 2011 and Supplement 1 dated 1^st June, 2010, Supplement 2 dated 30^th May, 2008, Supplement 3 dated 30^th May, 2008, Supplement 4 dated 30^th May, 2008, Supplement 5 dated 30^th May, 2008, Supplement 6 dated 1^st June, 2010, Supplement 7 dated 8^th April, 2011, Supplement 8 dated 29^th September, 2009 and Supplement 9 dated 8^th April, 2011 (the "Prospectus"). The changes which are set out below are effective as at 1^st February 2012.

1. The table of contents in the Prospectus shall be amended by deleting the references to Supplements 1 - 6 and the page numbers and replacing them with the following:

Supplement 1 - LG Developed Pacific ex Japan Fund

Supplement 2 - LG Greater India Fund

Supplement 3 - LG Asia ex Japan Fund

Supplement 4 - LG Asian Green Fund

Supplement 5 - LG Greater China Fund

Supplement 6 - LG Asia Pacific ex Japan Fund

Supplement 7 - LG Global Emerging Markets Growth and Income Fund

Supplement 8 - LG Global Investment Fund

Supplement 9 - LG Frontier Markets Fund

2.

The section in the Prospectus entitled "Definitions" shall be amended by deleting the definitions of "UCITS" and "UCITS Regulations" and replacing them instead with the following:

"UCITS means an Undertaking for Collective Investment in Transferable Securities established pursuant to the UCITS Regulations."

"UCITS Regulations the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011) (as amended, consolidated or substituted from time to time) and any regulations issued by the Central Bank (Other OTC: CBSU.PK - news) pursuant thereto from the time being in force;"

Any reference in the Prospectus to the "European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2003 (S.I. No. 211 of 2003), as amended" shall be replaced with the following:

"European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 (S.I. No. 352 of 2011) (as amended, consolidated or substituted from time to time)".

3.

Termination of LG Asian Green Fund

Investors should note that LG Asian Green Fund was terminated and an application for revocation of its authorisation will be made in due course.

4. Profile of a typical investor for each Sub-Fund

(a) The Supplement for LG Developed Pacific ex Japan Fund shall be amended by the addition of the following as a new final section 14 of the Supplement;

"14. Profile of a Typical Investor

The Fund may be appropriate for investors who consider funds as a convenient way of participating in capital market developments with a focus in equities and equity related securities of countries of the developed Pacific (KSE: 002790.KS - news) region excluding Japan (EUREX: FMJP.EX - news) and who are aware of the risks of investing in equities. The Fund is also suitable for more experienced investors wishing to attain a defined investment objective. There is no guarantee the Fund will be able to achieve its investment objectives. Investors should have experience with investments in equities and be able to accept significant temporary losses, thus the Fund are only suitable for investors who can afford to set aside the capital for several years. There may be significant volatility depending on market conditions.

(b) The Supplement for LG Greater India Fund shall be amended by the addition of the following as a new final section 14 of the Supplement;

"14. Profile of a Typical Investor

The Fund may be appropriate for investors who consider funds as a convenient way of participating in capital market developments with a focus in equities and equity related securities of companies in India or other countries in the Indian sub-continent and who are aware of the risks of investing in equities. The Fund is also suitable for more experienced investors wishing to attain a defined investment objective. There is no guarantee the Fund will be able to achieve its investment objectives. Investors should have experience with investments in equities and be able to accept significant temporary losses, thus the Fund are only suitable for investors who can afford to set aside the capital for several years. There may be significant volatility depending on market conditions.

(c) The Supplement for LG Asia ex Japan Fund shall be amended by the addition of the following as a new final section 14 of the Supplement;

"14. Profile of a Typical Investor

The Fund may be appropriate for investors who consider funds as a convenient way of participating in capital market developments with a focus in the equities and equity related securities of companies in the Asian Region excluding Japan and who are aware of the risks of investing in equities. The Fund is also suitable for more experienced investors wishing to attain a defined investment objective. There is no guarantee the Fund will be able to achieve its investment objectives. Investors should have experience with investments in equities and be able to accept significant temporary losses, thus the Fund are only suitable for investors who can afford to set aside the capital for several years. There may be significant volatility depending on market conditions.

(d) The Supplement for LG Greater China Fund shall be amended by the addition of the following as a new final section 14 of the Supplement;

"14. Profile of a Typical Investor

The Fund may be appropriate for investors who consider funds as a convenient way of participating in capital market developments with a focus in the equities and equity related securities of Chinese companies who are aware of the risks of investing in equities. The Fund is also suitable for more experienced investors wishing to attain a defined investment objective. There is no guarantee the Fund will be able to achieve its investment objectives. Investors should have experience with investments in equities and be able to accept significant temporary losses, thus the Fund are only suitable for investors who can afford to set aside the capital for several years. There may be significant volatility depending on market conditions.

(e) The Supplement for LG Asia Pacific ex Japan fund shall be amended by the addition of the following as a new final section 14 of the Supplement;

"14. Profile of a Typical Investor

The Fund may be appropriate for investors who consider funds as a convenient way of participating in capital market developments with a focus in equities and equity related securities of the Asia Pacific Region excluding Japan and who are aware of the risks of investing in equities. The Fund is also suitable for more experienced investors wishing to attain a defined investment objective. There is no guarantee the Fund will be able to achieve its investment objectives. Investors should have experience with investments in equities and be able to accept significant temporary losses, thus the Fund are only suitable for investors who can afford to set aside the capital for several years. There may be significant volatility depending on market conditions.

(f) The Supplement for LG Global Emerging Markets Growth and Income Fund shall be amended by the addition of the following as a new final section 15 of the Supplement;

"15. Profile of a Typical Investor

The Fund may be appropriate for investors who consider funds as a convenient way of participating in capital market developments with a focus in equities and equity related securities of the emerging market countries worldwide including Russia and who are aware of the risks of investing in equities. The Fund is also suitable for more experienced investors wishing to attain a defined investment objective. There is no guarantee the Fund will be able to achieve its investment objectives. Investors should have experience with investments in equities and be able to accept significant temporary losses, thus the Fund are only suitable for investors who can afford to set aside the capital for several years. There may be significant volatility depending on market conditions.

(g) The Supplement for LG Global Investment Fund shall be amended by the addition of the following as a new final section 14 of the Supplement;

"14. Profile of a Typical Investor

The Fund may be appropriate for investors who consider funds as a convenient way of participating in capital market developments with a focus in equities and equity related securities of the both developed and emerging markets worldwide and who are aware of the risks of investing in equities. The Fund is also suitable for more experienced investors wishing to attain a defined investment objective. There is no guarantee the Fund will be able to achieve its investment objectives. Investors should have experience with investments in equities and be able to accept significant temporary losses, thus the Fund are only suitable for investors who can afford to set aside the capital for several years. There may be significant volatility depending on market conditions.

(h) The Supplement for LG Frontier Markets Fund shall be amended by the addition of the following as a new final section 15 of the Supplement;

"15. Profile of a Typical Investor

The Fund may be appropriate for investors who consider funds as a convenient way of participating in capital market developments with a focus in equities and equity related securities of companies which are listed or traded in countries of the Frontier Markets (markets which are generally in an earlier stage of development than emerging or developing markets) or which have substantial activity in the Frontier Markets and who are aware of the risks of investing in equities. The Fund is also suitable for more experienced investors wishing to attain a defined investment objective. There is no guarantee the Fund will be able to achieve its investment objectives. Investors should have experience with investments in equities and be able to accept significant temporary losses, thus the Fund are only suitable for investors who can afford to set aside the capital for several years. There may be significant volatility depending on market conditions.

5. Amendment to each Supplement to the section "Dividends and Distributions"

(a) Each Supplement in respect of each Fund of the Company of the Prospectus shall be amended by the deletion of the following sentence from the first and second paragraph under the heading "Dividends and Distributions":

"The Company will apply for Fund Reporting Status in relation to these Share classes in accordance with the current UK tax legislation"

(b) Each Supplement to the Prospectus shall be amended by the addition of the sub-heading "Reporting to investors" under the section entitled "Dividends and Distributions" in each Supplement and the addition of the following paragraph:

"Reporting to investors"

It is the intention of the Fund to meet its annual obligations to be a reporting fund. The Fund will report income to investors via the company's website at www.lloydgeorge.com and this is expected to be made available to investors by March 31^st in each year.

6.

Amendment to each Supplement under the section entitled "Application for Shares".

(a). Each section entitled "Application for Shares" of each of the Supplements to the Prospectus shall be amended by deleting the following sentence;

"Subsequent applications to purchase Shares following the initial subscription may be made to the Administrator by fax order or electronically without a requirement to submit original documentation. Such applications should contain such information as may be specified from time to time by the Directors or their delegate."

The above sentence shall be replaced in each Supplement in the section relating to the "Application for Shares" by the following:

"Subsequent applications to purchase Shares following the initial subscription may be made to the Administrator by facsimile, written communication, electronically or by telephone, if it has been previously agreed with the Investment Manager and Administrator, without a requirement to submit original documentation. Such applications should contain such information as may be specified from time to time by the Directors or their delegate".

(b) Each section relating to "Application for Shares" of the Supplements to the Prospectus shall be amended by the addition of the following paragraph:

"The Directors may on any Dealing Day allot Shares in the Fund or Class on terms that settlement shall be made by the vesting in the Company of assets of the type in which the subscription monies for the relevant Shares may be invested in accordance with the investment objective policy and restrictions of the Fund and otherwise upon such terms as the Directors may think fit provided that:

(i) no Shares shall be issued until the investments have been vested or arrangements are made to vest the Investments with the Custodian or its sub-custodian to the Custodian's satisfaction;

(ii) any such exchange shall be effected on terms that the number of Shares to be issued shall be the number (including, at the Director's discretion, fractions of Shares) which would have been issued at the Subscription Price for a cash amount equal to the value of the Investments as calculated in accordance with the Memorandum and Articles of Association including such sum as the Directors may consider represents an appropriate provision for Duties and Charges arising in connection with the vesting of the investments;

(iii) the investments to be transferred to the Company shall be valued by applying the rules relating to valuation of investments contained in the Memorandum and Articles of Association;

(iv) there may be paid to the incoming Shareholder out of the investments of the Fund a sum in cash equal to the value at the current price of any fraction of a Share excluded from the calculation aforesaid; and

(v) the Custodian shall be satisfied that the terms of such exchange shall not be such as are likely to result in any material prejudice to the existing Shareholders."

7. Amendment to each Supplement under the section entitled "Redemption of Shares".

Each section entitled "Redemption of Shares" of each of the Supplements to the Prospectus shall be amended by deleting the following sentence;

"Requests for the redemption of Shares should be made to the Administrator whose details are set out in the Application Form on behalf of the Company by facsimile or written communication or electronically or and should include such information as may be specified from time to time by the Directors or their delegate."

The above sentence shall be replaced in each Supplement in the section relating to the "Redemption of Shares" by the following:

"Requests for the redemption of Shares should be made to the Administrator whose details are set out in the Application Form on behalf of the Company by facsimile, written communication, electronically or by telephone, if it has been previously agreed with the Investment Manager and the Administrator. Such requests should contain such information as may be specified from time to time by the Directors or their delegate."

8.

Amendment to the Supplement for the LG Frontier Markets Fund.

The Supplement for the LG Frontier Markets Fund shall be amended as follows:

(a) the definition of "Dealing Day" shall be deleted in its entirety and replaced with the following:

"Dealing Day means each Business Day or such other day or days as may be determined by the Directors and notified in advance to Shareholders through an announcement to the Irish Stock Exchange (provided that there shall be at least one Dealing Day every fortnight)."

.

(b) the definition of "Dealing Deadline" shall be deleted in its entirety and replaced with the following:

"Dealing Deadline means 4.00 pm Irish time 1 Business Day prior to any Dealing Day for all Class A Shares and 4.00 pm Irish time 4 Business Days prior to the Dealing Day for all Class B Shares or such other time as the Directors may determine and notified to Shareholders in advance provided always that the Dealing Deadline is no later than the Valuation Point."

(c) The section entitled "Redemption of Shares" sub-heading "Timing of Payment" shall be amended by deleting the first sentence and replacing it with the following:

"Redemption proceeds in respect of all Class A Shares will be paid within 4 Business Days of the Dealing Deadline and in respect of all Class B Shares will be paid within 10 Business Days of the Dealing Deadline for the relevant Dealing Day for redemptions provided that all the required documentation has been furnished to and received by the Administrator".

Enquiries:

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.