LM Group Holding A/S issues quarterly financial report Q2 2014

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| Source: LM Group Holding A/S
Company announcement 6/2014

Interim Report for Q2 2014
(1 April 2014 - 30 June 2014)

LM Wind Power reports revenue of EUR 148.8 million and EBITDA of EUR 20.2
million for Q2 2014.

Highlights:
  * Group revenue for Q2 and the first half year was EUR 148.8 million and EUR
    273.0 million respectively
  * EBITDA for Q2 and the first half year was EUR 20.2 million and EUR 29.0
    million respectively
  * Group liquidity comprising cash and undrawn credit facility amounted to EUR
    62.7 million at the end of Q2 2014

 EUR millions                             2nd quarter           January to June
                          ---------------------------- ------------------------
                             2014                2013      2014            2013



 Revenue                    148.8               127.3     273.0           233.4

 Operating profit before
 depreciation and
 amortization (EBITDA)       20.2                24.6      29.0            32.3

 Operating profit/(loss)
 before special items         9.7                10.5       6.1             5.2

 Net finance costs            0.1              (13.1)     (9.3)          (16.8)

 Profit/(Loss) before
 income tax                   8.1               (2.8)     (4.8)          (12.7)

 Profit/(Loss) for the
 period from continuing
 operations                   4.7               (0.4)    (10.4)           (8.1)

 Profit/(Loss) for the
 period                       5.3                 1.6     (9.9)           (5.6)



 EBITDA:

 Results from operating
 activities before special
 items                        9.7                10.5       6.1             5.2

 Depreciation and
 amortization                10.5                14.1      22.9            27.1
                          ---------------------------- ------------------------
 EBITDA                      20.2                24.6      29.0            32.3



This interim report for Q2 2014 has not been audited or reviewed.

There will be a conference call on August 21(st) 2014, at 2:30 pm (CET) where
the CFO, Nick Smith, will go through the Q2 interim report. The conference call
will be in English. To participate, please call one of the following numbers
(the one closest to your location).
+45 3271 3505 (Denmark)
+31 (0) 207 085 041 (Netherlands)
+44 (0) 203 140 8110 (United Kingdom)
+1 347 532 1792 (United States )

If prompted, enter the Meeting Number: * 606279 * (Be sure to enter the * star
key before and after the Meeting Number).


Contact details:

Chris Springham                                        Lene Mi Ran Kristiansen
VP Global Communication & HR
Manager, Global Communications
+31 6 14814919
    + 45 5138 8236

[HUG#1848645]