Holding(s) in Company

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
   voting rights are attached (ii):

   Lawrence PLC

2. Reason for the notification (please state Yes/No): (    )

   An acquisition or disposal of voting rights: (Yes)

   An acquisition or disposal of financial instruments which may result in the
   acquisition of shares already issued to which voting rights are attached:
   (No)

   An event changing the breakdown of voting rights: (No)

   Other (please specify): (No) - Initial notification as per regulatory
   requirement

3. Full name of person(s) subject to the notification obligation (iii):

   Schroders plc

4. Full name of shareholder(s) (if different from 3.) (iv):

   N/A

5. Date of the transaction (and date on which the threshold is crossed or
   reached if different) (v):

   22 March 2007

6. Date on which issuer notified:

   23 March 2007

7. Threshold(s) that is/are crossed or reached:

   From 23%-24%

8. Notified details:

A: Voting rights attached to shares

Class/type of        Situation previous to the Triggering
shares if possible             transaction (vi)
using the ISIN
CODE
                   Number of shares    Number of voting
                                       Rights (viii)


Ordinary

GB0032036807       7,272,547           7,272,547

Resulting situation after the triggering transaction (vii)

Class/type of       Number of     Number of voting    % of voting
shares if possible  shares        rights (ix)         rights
using the ISIN
CODE
                    Direct        Direct   Indirect    Direct  Indirect
                                  (x)      (xi)


Ordinary

 GB0032036807                             7,272,547         24.13%

B: Financial Instruments
Resulting situation after the triggering transaction (xii)

Type of   Expiration    Exercise/Conver Number of voting  % of voting
financial Date (xiii)   sion Period/    rights that may   rights
instrumen               Date (xiv)      be acquired if
t                                       the instrument is
                                        exercised/
                                        converted.



Total (A+B)

Number of voting   % of voting
rights             rights

7,522,547          24.13%

9. Chain of controlled undertakings through which the voting rights and/or the
   financial instruments are effectively held, if applicable (xv):

Schroder Investment Management Limited       6,554,0  21.02
                                             54       %
Schroder Investment Management North         968,493
America Limited                                       3.11%

Proxy Voting:

10.     Name of the proxy holder:

   N/A

11.Number of voting rights proxy holder will cease to hold:

   N/A

12.     Date on which proxy holder will cease to hold voting rights:

   N/A

13.     Additional information:

   The Shares referred to in Section 9 are held in portfolios managed by those
   firms on a discretionary bases for clients under investment management
   agreements.

14.     Contact name:

   N/A

15.     Contact telephone number:

   N/A