Holding(s) in Company

LSL Property Services
15 October 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 shares to which 
voting rights are attached:

LSL PROPERTY SERVICES PLC

2. Reason for notification 
(please place an X inside the appropriate bracket/s):

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:  (NO)

An event changing the breakdown of voting rights:                          (NO)

Other (please specify) :                                                   (NO)


3. Full name of person(s) subject to notification obligation:

SHEFFIELD ASSET MANAGEMENT, L.L.C.

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

SHEFFIELD PARTNERS, L.P.
SHEFFIELD INSTITUTIONAL PARTNERS, L.P.
SHEFFIELD INTERNATIONAL PARTNERS, LTD.

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

OCTOBER 11, 2007

6. Date on which issuer notified:

OCTOBER 12, 2007

7. Threshold(s) that is/are crossed or reached:

9%

8. Notified Details:

A: Voting rights attached to shares
 
Class/type of shares              Situation previous to  
if possible use                 the Triggering transaction                
ISIN CODE                       
                       Number of shares       Number of voting Rights 


GB00B1G5HX72              8,419,997                   SAME
 

                            Resulting situation after the triggering transaction 
 
Class/type of shares   Number of shares  Number of voting rights    % of voting rights  
if possible use                                                                 
ISIN CODE                                Direct     Indirect        Direct    Indirect  


GB00B1G5HX72            9,819,997                    SAME                      9.43% 

B: Financial Instruments

Resulting situation after the triggering transaction 

Type of     Expiration date  Exercise/conversion  No. of voting     % of voting     
financial                    period/date          rights that may   rights          
instrument                                        be acquired (if                       
                                                  the instrument                         
                                                  exercised/
                                                  converted)                           

 

Total (A+B)
Number of voting rights       % of voting rights 

9,819,997                       9.43%
 

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

SHEFFIELD ASSET MANAGEMENT, LLC EXERCISES VOTING RIGHTS ON BEHALF OF:
SHEFFIELD PARTNERS, L.P.
SHEFFIELD INSTITUTIONAL PARTNERS, L.P.
SHEFFIELD INTERNATIONAL PARTNERS, LTD.
 


Proxy Voting:

 
10. Name of proxy holder:

SHEFFIELD ASSET MANAGEMENT, L.L.C.
 

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:

AMY ROSENOW
 

15. Contact telephone number:


[phone]

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 (including legal form of legal entities):

SHEFFIELD ASSET MANAGEMENT, L.L.C.

Contact address (registered office for legal entities):

900 NORTH MICHIGAN, SUITE 1100
CHICAGO, IL 60611

Phone number & email:

[phone]
[e-mail]

Other useful information (at least legal representative for legal persons):

 

B: Identity of the notifier, if applicable 

Full name:

LUKAS HIRST 

Contact address:

LATHAM & WATKINS
633 WEST FIFTH STREET, SUITE 4000
LOS ANGELES, CALIFORNIA 90071-2007
USA 

Phone number & email:

[e-mail] 

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



C: Additional information :

 




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