Appointment of Joint Broker

Derwent London PLC
20 March 2007

20 March 2007

                               Derwent London plc

                       ('Derwent London' / the 'Company')

                          Appointment of Joint Broker

Derwent London, Derwent Valley Holding plc's new name following its merger with
London Merchant Securities plc in February 2007, announces that JP Morgan
Cazenove has been appointed, with immediate effect, to act as joint broker with
UBS, the Company's existing broker.

                                   -  Ends -

For further information please contact:

Derwent London                                       Tel: [phone]
John Burns

Financial Dynamics                                   Tel: [phone]
Stephanie Highett



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