LNX Lennox Hldgs

    Lennox Holdings PLC ("Lennox" or "the Company")                

                           Settlement of litigation                            

The Company is pleased to announce that litigation and warranty claims under
the share sale agreement (dated 4th November 2004) with Peter Voller and
certain connected parties, was settled by way of an agreement dated 20 June
2006.

Mr Voller and Farm Holdings (Spain) Limited ("Farm") have agreed to return to
the Company for cancellation, in aggregate, 3,204,108 ordinary shares of 10p
each in the Company in settlement of the litigation and warranty claims. This
represents some 12.0% of the Company's ordinary share capital.

Mr Voller and Farm, along with Sage Holdings Limited ("Sage") have also agreed
to support the Company in relation to its refinancing announced on 24 April
2006. Accordingly they will be voting in support of all relevant resolutions to
be proposed at a forthcoming EGM.

Following the cancellation as detailed above, Mr Voller, Farm and Sage will
hold 4,979,408 ordinary shares in Lennox, representing 21.2% of the Company's
ordinary issued share capital in aggregate. Following approval of the
refinancing, this shareholding will be substantially reduced on a fully diluted
basis.

A circular ("EGM Circular") convening an EGM to approve the refinancing will be
posted to shareholders shortly. Further details of the settlement will be
contained in the EGM Circular.

21 June 2006

Enquiries:

Nicholas Nelson 020 7451 7068

Nexus Financial Limited



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