TR-1 Interests in Shares

London & Stamford Property Ltd
07 November 2007


                       LONDON & STAMFORD PROPERTY LIMITED                                        
                    (Registered in Guernsey - Number 47816)

                               Registered Office:
         2ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT,
                               GUERNSEY, GY1 3NQ.
                          ___________________________

                          TELEPHONE:  + 44 1481 720321
                          FACSIMILE:  + 44 1481 716117
                            e-mail:  [e-mail]

Immediate Announcement                                          07 November 2007
                                                                      
London & Stamford Property Limited was notified of the following transaction in
its share capital.

1.  Identity of the issuer or the underlying     
issuer of existing shares to which voting
rights are attached:                       London & Stamford Property Limited

2.  Reason for notification (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

An event changing the breakdown of voting rights

Other (please specify):

3.  Full name of person(s) subject to      Taube Hodson Stonex Partners Limited
notification obligation:

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

5.  Date of transaction (and date on which the threshold is crossed or reached if
different):                                07 November 2007

6.  Date on which issuer notified:         07 November 2007

7.  Threshold(s) that is/are crossed or                                             
reached:                                   5%

8.  Notified Details

A: Voting rights attached to shares
Class/type of  Situation         Resulting situation after the triggering transaction
Shares if      previous to the
possible use   triggering
ISIN Code      transaction
               Number   Number   Number of Number of voting         Percentage of
               of       of       shares    rights                   voting rights
               Shares   voting
                        rights             Direct     Indirect      Direct   Indirect

GG00B1Z5TP40                               -          23,100,000    -        8.1

B:  Financial Instruments
Resulting situation after the triggering transaction
Type of financial  Expiration      Exercise/       No. of voting rights Percentage of
instrument         date            conversion      that may be acquired voting rights
                                   period/date     (if the instrument
                                                   exercised/converted)
Total (A+B)
Number of voting rights                    Percentage of voting rights
23,100,000                                 8.1

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

Proxy Voting:
10.  Name of 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                Taube Hodson Stonex Partners Limited ('THS')
                                           is a discretionary fund manager and does not
                                           invest  on its own behalf but invests on
                                           behalf of its clients (that are large
                                           institutional funds i.e. Pension Funds, Unit
                                           Trusts). THS controls the shares on the
                                           client's behalf.

14.  Contact name:                         Kim van Tonder

15.  Contact telephone number:             020 7659 4250

All Enquiries:

The Company Secretary
Butterfield Fund Services (Guernsey) Limited
PO Box 211
Regency Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 3NQ

Tel: [phone]
Fax: [phone]








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