Commencement of Dealings

London & Stamford Property Ltd
07 November 2007



                                       


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7th November 2007


                       London & Stamford Property Limited


                        COMMENCEMENT OF DEALINGS on AIM


London & Stamford Property Limited ('London & Stamford Property' or 'the
Company'), a newly formed closed-ended investment company based in Guernsey,
today announces the commencement of dealings on the AIM market of the London
Stock Exchange under the ticker LSP.L.


Highlights of the offer


   •At the offer price of £1 per share, the market capitalisation of London &
    Stamford Property Limited at the commencement of dealings is approximately
    £285 million.


   •The Company intends to use the net proceeds of the Placing for future
    real estate investments principally in the UK and it will also consider
    opportunities overseas.


The Admission Document in relation to the Company's admission to trading on AIM
was published on 2 November 2007. Copies of the Admission Document will be
available, free of charge, from the Company at 2nd Floor, Regency Court,
Glategny Esplanade, St Peter Port, Guernsey GY1 3NQ and from KBC Peel Hunt at
111 Old Broad Street, London EC2N 1PH until 7 December 2007.


KBC Peel Hunt is acting as Nominated Adviser and Broker in connection with the 
Offer.


Raymond Mould, the Non-executive Chairman of London & Stamford Property, said:


'We are pleased with the success of the IPO against the background of difficult
market conditions. The Board believes that the UK property market appears on the
threshold of a correction in values and following flotation London & Stamford
will focus on taking advantage of opportunities that we believe will arise in
the market for the benefit of shareholders.'


For further information contact:


London & Stamford Property Limited Tel: [phone]

Mandy Trotter, Company Secretary



KBC Peel Hunt Tel: [phone]

Capel Irwin / Deon Veldtman



Gavin Anderson & Company Tel: [phone]

Richard Constant / Charlotte Stone / Anthony Hughes





Notes to Editors


London & Stamford Property is advised by LSI Management LLP ('LSIM') which has a
highly experienced management team. The principal partners of LSIM include
Raymond Mould, Patrick Vaughan and Humphrey Price who are also non-executive
directors of London & Stamford Property.


London & Stamford Property has acquired London & Stamford Investments Ltd, which
was founded in 2005 by Raymond Mould, Patrick Vaughan and Humphrey Price
together with the General Electric Pension Trust ('GEPT'), in return for 37.5
million new shares in the Company. The Company will be the exclusive commercial
property holding vehicle of the three founders. All three founders have been
involved in the property sector for over 30 years and have a strong track record
of anticipating and exploiting opportunities that arise from cycles in the
property market. The three founders have been involved in two listed and one
unlisted property companies and in a number of funds during this period,
including the development and flotation of their former, highly successful
businesses, Arlington Securities PLC and Pillar Property PLC.


The Board believes that the rising cost of capital and low property yields will
bring about a marked correction in values to return to a more normal yield/
capital cost relationship. All sectors of the UK commercial property market and
overseas will be considered.


Further information on London & Stamford Property is available from the
Company's website www.londonandstamford.com.


Biographies of LSIM's management team (including the founding partners Raymond
Mould, Patrick Vaughan and Humphrey Price who are also three of the seven non
executive directors of the Company) are as follows:


   •Raymond Mould (Non-executive Chairman), aged 66, qualified as a solicitor
    in 1964 and in 1976 was a co-founder of Arlington, of which he became
    chairman in 1990. He was a director of British Aerospace from 1991 to 1992.
    Mr Mould was instrumental in the establishment of Pillar in 1991 and became
    its chairman in 1994, a position he held until 2005 when Pillar was sold to
    British Land. He currently serves as non-executive chairman of Arena Leisure
    plc.


   •Patrick Vaughan (Non-executive Director) aged 60, was a co-founder of
    Arlington in 1976 and of Pillar in 1991. He was chief executive of Arlington
    from 1990 to 1993 and of Pillar from 1994 to 2005. Mr Vaughan also served as
    an executive director of British Land from July 2005 to July 2006.


   •Humphrey Price (Non-executive Director) aged 65, was finance director of
    Arlington from 1983 to 1992, following which he was chief executive of
    Arlington Property Holdings Limited. He was a director of Pillar from its
    formation in 1991, finance director from 1993 until 2004 and resigned from
    Pillar's board in 2005 when Pillar was sold to British Land.


   •Stewart Little, aged 34, joined LSIL in July 2006. Prior to this, he
    spent six years working within Deutsche Bank's real estate asset management
    business with particular focus on their unitized property sector funds. The
    role encompassed all sectors of the commercial property market and various
    projects within their closed ended Ventures Funds. Mr Little began his
    career at Healey & Baker where he spent six years within their retail agency
    division.


   •Jeremy Bishop, aged 37, joined LSIL in October 2006. From 2004 to 2006,
    he worked for the Pears Group. As a Director of Pears Global Real Estate
    Investors, he was responsible for establishing the overseas real estate
    investment and asset management operation, opening an office in Munich and
    overseeing the acquisition of approximately €300 million of European real
    estate investments. Prior to his time at Pears, Mr Bishop spent four years
    at Citigroup structuring real estate co-investment transactions and eight
    years at Guardian Properties in fund management.


   •Jadzia Duzniak, aged 40, qualified as a chartered accountant with
    PricewaterhouseCoopers gaining experience in audit and corporate recovery.
    Ms Duzniak joined LSIL in April 2007 after over 12 years with Portfolio
    Holdings Limited initially as financial controller and from 2001 as finance
    director. Portfolio Holdings Limited was a developer and investor in the UK
    property market working with a number of high profile partners. Ms Duzniak
    is experienced in corporate and tax structuring, raising debt finance,
    project appraisal, financial reporting and management.


   •Jackie Jessop, aged 38, qualified as a chartered accountant with
    PricewaterhouseCoopers in 1993. Ms Jessop left in October 1994 to join
    Pillar's finance team where, for the next 11 years she focussed on group
    financial accounting and reporting. In the latter years Ms Jessop was
    responsible for unit trust accounting and reporting. Ms Jessop joined LSIL
    from British Land (Pillar's owners) in March 2006.




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