Holding(s) in Company

For filings with the FCA include the annex                                                  
                                                                                            
For filings with issuer exclude the annex                                                   
                                                                                            
                                                                                            
                                                                                            
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                             
                                                                                            
                                                                                            
                                                                                            
1. Identity of the issuer or the underlying issuer                                          
of existing shares to which voting rights are                        LMS CAPITAL PLC                          
attached:ii                                                                                 
                                                                                            
2 Reason for the notification (please tick the appropriate box or boxes):                   
                                                                                            
An acquisition or disposal of voting rights                                        X        
                                                                                            
An acquisition or disposal of qualifying financial instruments which may result             
in the acquisition of shares already issued to which voting rights are attached             
                                                                                            
An acquisition or disposal of instruments with similar economic effect to                   
qualifying financial instruments                                                            
                                                                                            
An event changing the breakdown of voting rights                                            
                                                                                            
Other (please                                                                               
specify):                                                                                   
                                                                                            
3. Full name of person(s) subject to the     ASSET VALUE INVESTORS LTD                      
notification obligation:iii                                                                 
                                                                                            
                                            1.        StateStreet Nominees  - ASV0          
                                                                                            
                                            2.        Chase Nominees - ACV07                
4. Full name of shareholder(s)                                                              
 (if different from 3.):iv                  3.        Chase Nominees - 11429                
                                                                                            
                                            4.        BNY Nominees- 392213                  
                                                                                            
                                                                                            
                                                                                            
5. Date of the transaction and date on                                                      
which the threshold is crossed or             22/07/2014                                    
reached: v                                                                                  
                                                                                            
6. Date on which issuer notified:             23/07/2014                                    
                                                                                            
7. Threshold(s) that is/are crossed or       11%, 12%, 13%                                  
reached: vi, vii                                                                            
                                                                                            


 

8. Notified details:                                                                                  
                                                                                                      
A: Voting rights attached to shares viii, ix                                                          
                                                                                                      
Class/type of    Situation previous         Resulting situation after the triggering transaction      
shares           to the triggering                                                                    
                 transaction                                                                          
                                                                                                      
if possible      Number        Number       Number      Number of voting      % of  voting rights x   
using            of            of           of shares   rights                                        
the ISIN CODE    Shares        Voting                                                                 
                               Rights       Direct      Direct xi    Indirect Direct       Indirect   
                                                                     xii                              
                                                                                                      
GB00B07V0H27                                                                                          
                 16,105,159    16,105,159   18,998,938  18,998,938            13.08%                  
Ordinary shares                                                                                       
                                                                                                      
                                                                                                      
                                                                                                      
B: Qualifying Financial Instruments                                                                   
                                                                                                      
Resulting situation after the triggering transaction                                                  
                                                                                                      
Type of financial       Expiration  Exercise/               Number of voting        % of voting       
instrument              date xiii   Conversion Period xiv   rights that may be      rights            
                                                            acquired if the                           
                                                            instrument is                             
                                                            exercised/ converted.                     
                                                                                                      
N/A                                                                                                   
                                                                                                      
                                                                                                      
                                                                                                      
C: Financial Instruments with similar economic effect to Qualifying Financial                         
Instruments xv, xvi                                                                                   
                                                                                                      
Resulting situation after the triggering transaction                                                  
                                                                                                      
Type of financial  Exercise    Expiration Exercise/     Number of voting rights  % of voting rights   
instrument         price       date xvii  Conversion    instrument refers to     xix, xx              
                                          period xviii                                                
                                                                                                      
                                                                                                      
                                                                                 Nominal      Delta   
N/A                                                                                                   
                                                                                                      
                                                                                                      
                                                                                                      
                                                                                                      
Total (A+B+C)                                                                                         
                                                                                                      
Number of voting rights                            Percentage of voting rights                        
                                                                                                      
18,998,938                                         13.08%                                             
                                                                                                      


 

9. Chain of controlled undertakings through which the voting rights and/or the            
financial instruments are effectively held, if applicable: xxi                            
                                                                                          
                                                                                          
                                                                                          
                                                                                          
                                                                                          
                                                                                          
                                                                                          
Proxy Voting:                                                                             
                                                                                          
10. Name of the proxy holder:                                                             
                                                                                          
11. Number of voting rights proxy holder will cease                                       
to hold:                                                                                  
                                                                                          
12. Date on which proxy holder will cease to hold                                         
voting rights:                                                                            
                                                                                          
                                                                                          
                                                                                          
                                                                                          
13. Additional information:                 Asset Value Investors acts as discretionary   
                                            fund manager for all shares mentioned in item 8.

                                            Asset Value Investors Limited                 
14. Contact name:                                                                         
                                            Jake Crowhurst                                
                                                                                          
15. Contact telephone number:               0207 659 4800