Last checked at 
25 Apr 2012 13:40
Form TR-1 with annex. FSA Version 2.1 updated April 2007
For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: Notifications of Major Interests in Shares 1. Identity of the issuer LMS Capital PLCor the underlying issuer of existing shares to which voting rights are attached:
2. Reason for notification (yes/no)
An acquisition or disposal of Acquisitionvoting rights 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 1. ASSET VALUE INVESTORSperson(s) subject LTD to notification obligation: 4. Full name of 1. StateStreet Nominees shareholder(s) - 01RP & ASV0 (Registered Holders) 2. BBH Nominees - 132-2-0000-1 3. Mellon Nominees - COLF1283002 4. Chase Nominees - 11429 & 32072 5. NorTrust Nominees - YUE03 6. BNY Nominees- 392213 5. Date of 24th April 2012
transaction (and date on which the threshold is crossed or reached if different): 6. Date on which 25th April 2012 issuer notified: 7. Threshold(s) 5% that is/are crossed or reached: 8: Notified Details
A: Voting rights attached to shares
Class/type Situation Resulting situation after the triggering of shares previous to the transaction triggering transaction Number Number of Number of Number of voting Percentage of of voting shares rights voting rights shares rights Direct Indirect Direct Indirect GB00B12MHD28 10,315,644 9,915,397 15,607,117 15,001,560 5.5% 0% Ordinary Shares B: Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ No. of voting Percentage of financial date conversion rights that may be voting rights instrument period/date acquired (if the instrument exercised/ converted) N / A Total (A+B) Number of voting rights Percentage of voting rights 15,001,560 5.5%
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: Asset Value Investors acts as
discretionary fund manager for all shares mentioned in item 8. 14 Contact name: Asset Value Investors Limited Jake Crowhurst
15. Contact telephone name: 0207 659 4807
For notes on how to complete form TR-1 please see theFSA website.
XLON