Life Partners Holdings (LPHI) Receives Noncompliance Letter from Nasdaq

Life Partners Holdings, Inc. (Nasdaq: LPHI) reports that on October 19, 2011, the Company received a letter from the staff of the Nasdaq advising that because the Company has not yet filed its Form 10-Q for the fiscal quarter August 31, 2011, and because the Company remains delinquent in the filing of its Form 10-K for the year ended February 28, 2011, and Form 10-Q for the period ended May 31, 2011, the Company does not meet the criteria of Listing Rule 5250(c)(1) (the “Rule”). The Company had previously received a delinquency letter from the Nasdaq Stock Market regarding its Form 10-K and Form 10-Q for the period ended May 31, 2011. The Rule requires the Company to timely file all required periodic reports and other documents with the Securities and Exchange Commission. On August 12, 2011, the Company announced that Nasdaq had accepted the Company's plan to regain compliance with the Rule. In accepting the Company’s plan, Nasdaq staff granted the Company an exception of up to 180 calendar days from the due date of the Form 10-K, or until November 28, 2011, to file all delinquent filings and regain compliance. The exception permits a continued listing of the Company’s stock on the Nasdaq Global Select market.

On or before November 3, 2011, the Company will submit to Nasdaq an update to its original plan to regain compliance with respect to the filing requirement. The update will describe the Company’s plans to file all delinquent filings on or before November 28, 2011, and indicate the progress the Company has made toward implementing the plan submitted in connection with the delinquent filings.

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