[November 14, 2014]

Q3 2014 Results Mark Improvement for LGL over Q1 and Q2

The LGL Group, Inc. (NYSE Amex: LGL) (the "Company") provided comments related to its Q3 2014 financial results previously announced on Thursday, November 13, 2014.

Marc Gabelli, the Company's Chairman of the Board, said, "Now that the bulk of the Company's restructuring work is complete, results indicate that we're beginning to realize the benefits of those cost reduction activities. These improvements will allow management to increase their focus on generating top-line growth, capitalize on the Company's improved operating leverage and create shareholder value."

Mr. Gabelli continued, "In addition, we're pleased with the recent expansion of our spectrum control product offerings, such as the recently announced partnership with Microwavefilter & TVC, based in Milan, to offer products with higher frequency and higher power, which allows us to offer a broader range of solutions to our customers, as well as increase our presence in the important Eurozone markets."

About The LGL Group, Inc.

The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI, manufactures and markets highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits. These components provide low noise and bae accuracy for lab instruments, ensure reliability and security in aerospace and defense communications, and synchronize data transfers throughout the wireless and internet infrastructure.

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

For more information on the Company and its products and services, contact LaDuane Clifton at The LGL Group, Inc., 2525 Shader Rd., Orlando, Florida 32804, (407) 298-2000, or visit www.lglgroup.com and www.mtronpti.com.

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. 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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