Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing London & Associated shares to which voting rights are attached:ii

Properties plc 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 the notification obligation:iii James Balfour

Hyslop 4. Full name of shareholder(s) (if different from 3.):iv

5. Date of the transaction and date on which the threshold is crossed 11 January 2013 or reached: v

6. Date on which issuer notified: 14 January 2013 7. Threshold(s) that is/are crossed or reached: vi, vii 4% 8. Notified details:A: Voting rights attached to shares viii, ix Class/type of Situation previous Resulting situation after shares to the triggering the triggering transaction transaction if possible using Number Number % of voting the ISIN CODE Number of Number of rights x of Voting of voting Shares Rights shares rights Direct Direct xi Indirect xii Direct Indirect Ordinary 3,336,258 3,336,258 3,376,258 3,376,258 4.0056% 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 xiv rights that may be rights acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi Resulting situation after the triggering transaction

Type of financial Exercise Expiration Exercise/ Number of voting % of voting

instrument price date xvii Conversion rights instrument rights xix, xx period xviii refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights

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: 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 notificationobligation

Full name (including legal form of legal James Balfour Hyslop entities) Contact address Manor Farm House, Bloswood Lane, Witchurch, (registered office for legal entities) Hampshire RG28 7BN Phone number & email 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 020 7415 5000 Phone number & email h.curtis@lap.co.uk

Other useful information(e.g. functional relationship with the person Company Secretary 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.