LBB.L Regulatory News (LBB)

LiteBulb Group Limited

("LiteBulb" or the "Company" or the "Group")

Appointment of Michael Hough as Chairman

LiteBulb (AIM: LBB), the brand and product development specialist, announces the appointment of Michael Hough, co-founder and former Managing Director of Altium Capital, as Non-Executive Chairman, with immediate effect.

Michael is an experienced investment banker, having co-founded Altium Capital Limited (formerly Apax Partners & Co) in 1990, a corporate finance advisory business focussed on providing advice to small and mid-sized companies seeking private equity, recapitalisation funds or an exit. As Managing Director Michael was instrumental in building Altium Capital into a leading boutique investment bank for smaller companies with offices across Europe and over 120 employees.

Michael also co-founded Iceni Capital in 2005, a UK based private equity fund focusing on small to medium sized services companies in the UK. At the same time Michael co-founded Aurora Investment Advisors Limited a private equity fund focussed on Russia.

Michael has successfully chaired a number of companies including OSG Records Management where during his chairmanship Revenues and EBITDA grew from approximately $5m and $(0.4)m respectively to $35m and $7.0m respectively in less than 5 years. OSG was sold to a leading Russian Private Equity firm in 2013

Michael is based in Hong Kong where he is also Chairman of a privately held Hong Kong holding company with a number of operations in Mainland China

In 2001 he and several other partners also invested in a successful London-based retail fund management company which became a leading UK fund manager. Michael began his investment banking career at Goldman Sachs & Co in New York, before joining Drexel Burnham Lambert in London in 1988. He holds an MBA from the University of Virginia's Darden School and is a fellow of the UK Securities and Investment Institute.

Simon McGivern, CEO of LiteBulb, commented: "I am delighted to welcome Michael, an existing shareholder in the business, to our Board as Chairman. Michael has huge experience in providing advice to rapidly growing small cap companies and helping these businesses maximise value for their shareholders. Michael's input to our business will be invaluable and his experience in fast growth emerging markets will help us as we expand our footprint internationally."

Additional information:

Michael Hough, aged 53, holds 50,000,000 shares in the Company and other than as set out below there is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of his appointment as a Director of the Company.

Michael is a director / partner or has been a director / partner of the following companies / partnerships during the previous five years:

Michael Hough was a director of MWT (Herning) ApS, a Danish company, which on 8th May 2013 went into Administrative Receivership. MWT (Herning)'s only customer was Siemens. It was clear for more than a year that MWT (Herning)'s business may fail but the Directors took all reasonable steps, including seeking legal advice, to mitigate this. The winding up of the company has not yet been finalized.

About LiteBulb Group

LiteBulb Group designs, manufactures and distributes innovative brands and products to the global retail market.

LiteBulb Products, including Ila, Scootrix and Silly Socks, are sold in over 30 countries through blue chip retailers including: ASDA, BHS, Tesco, Sainsbury's, WH Smith, Halfords, Morrisons, QVC, Next, Fenwicks and Toys R Us.

LiteBulb Creative is a creative agency with global reach, delivering compelling and agile brand extension programmes to the entertainment industry. LiteBulb Creative has designed products and campaigns for clients around the world, including Disney, Hasbro and Miramax.