The following error was displayed while installing the development license component of Studio Enterprise Edition:

Would you like to install LMF now? (y/n): y

Enter the directory name where you wish to install License Manager
(Press Enter for default directory /opt/microfocus/mflmf)

/opt/microfocus/mflmf does not exist
do you wish to create it ? (y/n)
y

Load error : file 'cobmffh.so.2'
error code: 198, pc=0, call=1, seg=0
198     Load failure (Permission denied)

First thing to do is re-run the installation and answer N to the question "Would you like to install LMF now?".

After the product is installed and the environment is configured you can re-run the license manager install script as root with debugging information enabled:

sh -x $COBDIR/lmf/lmfinstall

The output showed:

cd /opt/microfocus/mflmf
./bin/rts32 lmfnewdb

Load error : file 'cobmffh.so.2'

error code: 198, pc=0, call=1, seg=0

198     Load failure (Permission denied)

As this was run as root there should be no permission problems, however looking at the system configuration, SELinux was enabled.  Disabling SELinux allowed the install to complete without error.

This resolution also applies to installation of Server Express.