Holding(s) in Company

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   
or the underlying issuer of PLC           
existing shares to which                  
voting rights are attached:               
                                          
2. Reason for notification (yes/no)       
                                          
An acquisition or disposal of             
voting 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  YES   
voting rights                             
                                          
Other (please specify):                   
______________                            
                                          
3. Full name of    1. ASSET VALUE         
person(s) subject     INVESTORS 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. BNY Nominees- 392213
                                          
5. Date of        13th July 2012          
transaction (and                          
date on which the                         
threshold is                              
crossed or                                
reached if                                
different):                               
                                          
6. Date on which  17th July 2012          
issuer notified:                          
                                          
7. Threshold(s)   9%                      
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 26.636.811 25,603,289 24,674,539 23,641,017 8.67%                 
                                                                               
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            
                                                                               
23,641,017                              8.67%                                  

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.