London & Associated Properties Regulatory News (LAS)

9 May 2012 16:37

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying London & Associated Properties plc issuer of existing shares to which voting

rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights Yes 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 Cavendish Asset Management Limited the notification obligation: iii

4. Full name of shareholder(s) (if n/a different from 3.):iv 5. Date of the transaction and date 02/05/2012 on which the threshold is crossed or reached: v 6. Date on which issuer notified: 03/05/2012 7. Threshold(s) that is/are crossed 7% or reached: vi, vii 8. Notified details:A: Voting rights attached to shares viii, ixClass/type of Situation previous Resulting situation after shares to the triggering the triggering transaction transaction if possible Number Number % of voting using Number of Number of rights x the ISIN CODE of Voting of voting Shares Rights shares rights Direct Direct xi Indirect Direct Indirect xii

Sedol: 6,318,982 6,318,982 6,543,982 6,543,982 - 7.79% - 0523422 (ordinary) 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 rights that may be rights xiv 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 Exercise Expiration Exercise/ Number of voting % of voting financial price date xvii Conversion rights instrument rights xix, xx instrument period refers to xviii Nominal Delta n/a

Total (A+B+C) Number of voting rights Percentage of voting rights 6,543,982 7.79%

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: n/a

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: 15. Contact telephone number: Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in sharesxxii

A: Identity of the persons or legal entity subject to the notification obligation

Full name Cavendish Asset Management Limited (including legal form of legal entities) Contact address Chelsea House, West Gate, London W5 1DR(registered office for legal entities) Phone number & email 020 8810 8041 Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name Heather Curtis Contact address 24 Bruton Place, London, W1J 6NE Phone number & email 020 7415 5000 admin@lap.co.uk Other useful information(e.g. Company Secretary

functional relationship with the person or legal entity subject to the notification obligation) C: Additional information

For notes on how to complete form TR-1 please see the FSA website.