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THE LGL GROUP, INC. ANNOUNCES EFFECTIVENESS AND TERMS FOR RIGHTS OFFERING TO STOCKHOLDERS

ORLANDO, Fla., September 5, 2017 –The LGL Group, Inc. (NYSE AMEX:LGL) (the “Company” or “LGL”) announced today that its registration statement, concerning its previously announced rights offering to stockholders, was made effective by the Securities and Exchange Commission (“SEC”) on September 5, 2017.

Under the terms of the rights offering, LGL will distribute, at no charge, to the holders of its common stock, par value $0.01 per share (“Common Stock”), as of 5:00 p.m., Eastern Time, on September 5, 2017, three transferable subscription rights for each share of Common Stock then owned. Each subscription right will entitle the holder to purchase one-fourth of a share of Common Stock at a subscription price of $5.50 per whole share of Common Stock. Assuming the rights offering is fully subscribed, the Company currently estimates that the total purchase price of the shares offered in the rights offering, representing the aggregate gross proceeds received by the Company, will be approximately $11,036,289.

The rights offering also includes an over-subscription right, which entitles a stockholder who exercises all of its basic subscription rights in full (excluding the exercise of subscription rights for less than one whole share of Common Stock, which cannot be exercised) the right to purchase additional shares of Common Stock that remain unsubscribed at the expiration of the rights offering, subject to the availability, at the same $5.50 per whole share subscription price. If the number of unsubscribed shares is not sufficient to satisfy all of the properly exercised over-subscription rights requests, the available shares will be prorated among those who properly exercised over-subscription rights in proportion to their respective basic subscription rights.

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