TIDMLZYE

RNS Number : 5123H

LZYE Group PLC

19 May 2014

19 May 2014

LZYE Group Plc

("LZYE" or the "Company")

Proposal to Creditors

LZYE Group Plc (AIM: LZYE), the AIM listed company announces that, as part of a wider restructuring proposal for the Company that the Board is considering, the Board has sent a letter to creditors asking them to agree to accept an 80% discount on balances due from the Company to them.

Creditors have been asked to respond as to whether they accept or reject this offer by 5:00 pm (GMT+8) on 22May 2014.

The Company will make further announcements as and when appropriate.

For further information:

LZYE Group Plc

Tel: 00852 2234 6677

Michelle Lai, Chief Executive

This information is provided by RNS

The company news service from the London Stock Exchange

END

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