Lms Capital Regulatory News (LMS)

Friday 21 April 2017

LMS Capital plc

2016 Annual Report and

Notice of 2017 Annual General Meeting

LMS Capital plc ("LMS Capital" or "the Company") has today published its 2016 Annual Report and the Notice of its 2017 Annual General Meeting. These documents are available in the Investor Relations section of the Company's website, www.lmscapital.com. This follows the release on 14 March 2017 of the Company's Preliminary Results Announcement for the year ended 31 December 2016.

In compliance with Rule 9.6.1 of the Listing Rules, the Company has submitted to the UK Listing Authority, via the National Storage Mechanism, copies of the LMS Capital 2016 Annual Report, the Notice of its 2017 Annual General Meeting and a sample of a Form of Proxy for use at that meeting. The LMS Capital 2016 Annual Report will be filed with the Registrar of Companies in due course and copies can be obtained from the Company Secretary, LMS Capital plc, 100 George Street, London W1U 8NU. The Annual General Meeting will be held at 12.00 noon on Thursday 25 May 2017.

The Disclosure and Transparency Rules (DTR 6.3.5(2)) require certain information to be disclosed upon publication of an Annual Report. Accordingly, the following disclosures are made in the Appendices below. References to page numbers and notes to the accounts made in these Appendices refer to page numbers and notes to the accounts in the Company's 2016 Annual Report.

For further information please contact:

LMS Capital plc 020 7935 3555

Martin Knight, Chairman

Gresham House Asset Management Limited 020 3837 6270

Graham Bird

J.P. Morgan Cazenove 020 7742 4000

Michael Wentworth-Stanley

Appendix A - Statement of Directors' responsibilities

The 2016 Annual Report includes on page 47 a responsibility statement dated 14 March 2017, the date of approval of the 2016 Annual Report, and signed for and on behalf of the Board by Martin Knight. The following is extracted from that statement:

We confirm that to the best of our knowledge:

· the financial statements, prepared in accordance with IFRSs as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company taken as a whole;

· the Annual Report and financial statements, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the Company's performance, business model and strategy; and

· the Strategic Report and Manager's Review include a fair review of the development and performance of the business and the position of the Company taken as a whole, together with a description of the principal risks and uncertainties that they face.

Appendix B - Related party transactions

The following is extracted in a full and unedited form from note 20 on page 77 of the Company's Annual Report:

Gresham House Asset Management Limited was appointed the investment manager of LMS Capital plc on 16 August 2016. Amounts charged by the investment manager in 2016 were £573,000.

With effect from January 2011 the Company entered into a lease agreement with Derwent London plc in respect of the premises comprising its head office and registered office. Under the terms of the lease the Company pays an annual rent of £406,000 (2015: £289,000) to Derwent London plc plus certain service charges. Robert Rayne is Chairman of Derwent London plc.

Up to 16 August 2016 the Company paid fees of £60,000 per annum to SQP Limited for the provision of services by Robert Rayne. From that date these fees are now paid by the Manager.

Compensation arrangements for Directors are set out in the Remuneration Committee Report on pages 37 to 40.