Market Overview

LGL Announces Results of Rights Offering


The LGL Group, Inc. (NYSE:LGL) (the "Company") a globally
diversified holding company with a history of operations dating back to
1914, today announced the results of its previously announced rights
offering. The subscription period for the rights offering expired at
5:00 p.m. ET on November 13, 2017.

The Company has received to date subscriptions, including
oversubscriptions, from its existing shareholders for a total of
1,698,983 shares of its common stock (excluding 24,179 shares covered by
notices of guaranteed delivery), raising total gross proceeds of
approximately $9,405,819. The Company expects to settle the rights and
deliver the shares of common stock to subscribers on or about November
15, 2017.

Following the completion of the rights offering, the Company expects to
have a total of 4,385,614 shares of its common stock outstanding
(subject increase by the 24,179 shares covered by notices of guaranteed

About The LGL Group, Inc.

The LGL Group, Inc., through its two principal subsidiaries MtronPTI and
PTF, designs, manufactures and markets highly-engineered electronic
components used to control the frequency or timing of signals in
electronic circuits, and designs high performance Frequency and Time
reference standards that form the basis for timing and synchronization
in various applications.

Headquartered in Orlando, Florida, the Company has additional design and
manufacturing facilities in Yankton, South Dakota, Wakefield,
Massachusetts and Noida, India, with local sales offices in Hong Kong,
Sacramento, California and Austin, Texas.

For more information on the Company and its products and services,
contact Michael Ferrantino Sr. at The LGL Group, Inc., 2525 Shader Rd.,
Orlando, Florida 32804, (407) 298-2000, or visit

Caution Concerning Forward Looking Statements

This press release may contain forward-looking statements made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21 E of the Securities
Exchange Act of 1934, as amended. Forward-looking statements include all
statements that do not relate solely to historical or current facts, and
can be identified by the use of words such as "may," "will," "expect,"
"project," "estimate," "anticipate," "plan," "believe," "potential,"
"should," "continue" or the negative versions of those words or other
comparable words. These forward-looking statements are not guarantees of
future actions or performance. These forward-looking statements are
based on information currently available to us and our current plans or
expectations, and are subject to a number of uncertainties and risks
that could significantly affect current plans, anticipated actions and
our future financial condition and results, including, without
limitation, the Company's ability to successfully complete the rights
offering, the investment group's continued interest in pursuing the
acquisition of the Company's MtronPTF assets, the special committee will
authorize negotiations with the investment group and if negotiations
commence, the parties' successful negotiation and execution of a
definitive agreement governing such acquisition transaction and the
consummation thereof, and assuming the successful consummation of the
transaction, the Company's success in pursuing strategic alternatives
available to it. Certain of these risks and uncertainties are described
in greater detail in our filings with the Securities and Exchange
Commission. We are under no obligation to (and expressly disclaim any
such obligation to) update or alter our forward-looking statements,
whether as a result of new information, future events or otherwise.

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