Real Est.cred Regulatory News (RECI)

23 Jan 2008 09:56

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 or the underlying issuer of existing Queens Walk shares to which voting rights are attached:

Investment LD 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 notification obligation: Lloyds TSB Group Plc 4. Full name of shareholder(s) (if different from 3): State Street Nominees Ltd

5. Date of transaction (and date on which the threshold is 21st January crossed or reached if different):

2008 6. Date on which issuer notified: 22nd January 2008 7. Threshold(s) that is/are crossed or reached: Fallen below 3% 8: Notified Details A: Voting rights attached to shares

Class/ Situation previous to the Resulting situation after the type of triggering transaction triggering transaction

shares If Number of Number of voting Number Number of Percentage of possible shares rights of voting rights voting rights use ISIN shares code Direct Indirect Direct Indirect B0HW536 1,880,586 1,880,586 567,732 0 567,732 0 1.629 Ord NPV B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ No. of voting rights that may Percentage financial date conversion be acquired (if the instrument of voting instrument period/date exercised/converted) rights Total (A+B) Number of voting rights Percentage of voting rights 567,732 1.629

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

567,732 Shares are held by State Street Nominees Ltd. Shares are under the control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc, a wholly owned subsidiary of Lloyds TSB Group Plc.

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: Central Disclosure Unit

15. Contact telephone name: +44 (0) 1444 418127

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

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares

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

Full name Lloyds TSB Group Plc (including legal form of legal entities) Contact address Henry Duncan House 120 George Street (registered office for legal entities) Edinburgh

EH2 4LH Phone number & email +44 (0) 131 225 4555 Other useful information

(at least legal representative for legal persons) B: Identity of the notifier, if applicable

Full name Lloyds TSB Central Disclosure Unit Contact address 2nd Floor 31/33 Perrymount Road Haywards Heath West Sussex RH16 3SP Phone number & email +44 (0) 1444 418127 GrpOps_CDU@LloydsTSB.co.uk Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information