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):                        Placing of new ordinary shares on AIM

3.  Full name of person(s) subject to          
notification obligation:                       Caledonia Investments plc

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 rights   Percentage of
               of       of       shares                                  voting rights
               Shares   voting
                        rights   Direct        Direct         Indirect   Direct   Indirect

GG00B1Z5TP40                     19,500,000    19,500,000        -       6.84        -
Ordinary 10p shares

B:  Financial Instruments
Resulting situation after the triggering transaction
Type of financial   Expiration   Exercise/conversion    No. of voting      Percentage of
instrument          date         period/date            rights that may be voting rights
                                                        acquired (if the
                                                        instrument
                                                        exercised/
                                                        converted)
Total (A+B)
Number of voting rights                        Percentage of voting rights
19,500,000                                     6.84

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
14.  Contact name:                             Jay Munian
15.  Contact telephone number:                 020 7802 8080

Annex Notification of Major Interest in Shares

A:  Identity of the person or legal entity subject to the notification obligation
Full Name                                      Caledonia Investments plc
Contact Address                                Cayzer House, 30 Buckingham Gate, London SW1E 6NN
Phone Number                                   0207 802 8080
Other useful information

B: Identity of the notifier, if applicable
Full Name                                      Ms Jay Munian
Contact Address                                Cayzer House, 30 Buckingham Gate, London SW1E 6NN
Phone Number                                   0207 802 8080
Other useful information                       Company Secretarial Assistant

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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