AGM Trading Update

LSL Property Services
23 May 2007


For Immediate Release                                                23 May 2007
                           
                            LSL Property Services plc
                                        
                               AGM Trading Update


Roger Matthews, Chairman of LSL Property Services plc, a leading provider
of residential property services, incorporating estate agency brands Your Move
and Reeds Rains and surveying brands e.surv and Chancellors Associates, will
make the following statement on current trading at the company's Annual General
Meeting to be held later today:


'We are pleased to report that, for the year to date, all our operating
divisions are performing well and slightly ahead of management expectations.


In the first four months ended 30 April 2007:


*  Group turnover is up 10%;

*  Estate agency and financial services turnover is up 8%;

*  Surveying turnover is up 14%.


Turnover has benefited from a maiden contribution from Chancellors Associates.


Our estate agency brands, Your Move and Reeds Rains, are both performing well in
a slightly slower market compared to this time last year. In Your Move we have
continued to make some progress in reducing our operating cost base. We have
invested in additional financial services capacity, both in Reeds Rains and
Linear, to deliver future growth.


In summary, the Group has made a good start to this financial year. Looking
ahead to the second half of this year, activity levels in the housing market are
uncertain in light of the short-term upward momentum in interest rates and the
potential introduction of Home Information Packs now delayed to 1 August.
However, LSL's operating model demonstrates some resilience to the housing
market cycle and we continue our stated strategy of pursuing selective
acquisitions in both agency and surveying.


The longer term macro-economic factors indicate a strong housing market, leaving
the Group well positioned to deliver future growth.'


For further information please contact:

Simon Embley, Group Chief Executive Officer
Dean Fielding, Group Finance Director
LSL Property Services plc                                    01904 715 324

Richard Darby, Nicola Cronk, Catherine Breen
Buchanan Communications                                      020 7466 5000



Notes to editors:

LSL Property Services plc is one of the leading residential property services
companies in the UK and provides a broad range of services to its customers who
are principally mortgage lenders, as well as buyers and sellers of residential
properties. LSL's main operations are its surveying business, which operates
under the e.surv and Chancellors Associates brands, its estate agency business,
which operates under the Your Move and Reeds Rains brands, and its financial
services business.


For further information, please visit LSL's website: www.lslps.co.uk



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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