LOM Announces Appointment of New Director

Hamilton, Bermuda - August 26, 2008 - LOM (Holdings) Limited (BSX: LOM BH) announced that Mr. Danesh Varma was appointed a director of LOM at the Board of Directors Meeting held on 18th July 2008.

Mr. Varma (FCA, ATII), a qualified accountant in the UK and Canada, has over 30 years experience in the international finance and mining sectors. Mr. Varma is currently the CFO of Minco plc (a public company listed on the London AIM market). He is a director of Anglesey Mining plc (listed on the London Stock Exchange) and Minco plc, and a Corporate Finance Partner in Beer & Partners Limited. Mr. Varma was formerly CFO of Canadian Zinc Corporation (listed on the Toronto Stock Exchange), President and Managing Director of American Resource Corporation Limited, Dundee Bancorp, Dundee Investment Management and Research Ltd. and Dundee Mutual Funds India, in addition to holding the post of director and Vice President of the Dundee Bank Cayman.

About LOM

The LOM Group is an offshore international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda, Bahamas and Grand Cayman and a marketing office in London, England.  In business for over 15 years, LOM today has over $1 billion in client assets under administration and provides brokerage, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers in over 75 countries around the world. The parent company, LOM (Holdings) Limited, is publicly listed on the Bermuda Stock Exchange (symbol LOM BH). The consolidated group is debt-free and has shareholder's equity of nearly $22 million.