Holding(s) in Company

RNS Number : 8151R

Workspace Group PLC

06 May 2009

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

Workspace Group PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issues to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):

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

Lloyds Banking Group plc

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

See Section 9

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

5 May 2009

6. Date on which issuer notified:

6 May 2009

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

Direct Interest Decrease to below 9% (Direct/Indirect remains above 16%)

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the Triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Indirect

Direct

Indirect

Ord 10p

175,994,302

93,807,110

80,747,913

8.967%

7.719%

GB0005296354

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/ Conversion Period/ Date

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

N/A

Total (A+B)

Number of voting rights

% of voting rights

174,555,023

16.686%

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

169,747,798 shares (16.226%) are under the control of Insight Investment Management (Global) Limited, a wholly owned subsidiary of Insight Investment Management Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests). Within these holdings, 35,534,168 shares (3.397%) are managed on behalf of Clerical Medical Managed Funds Limited, a wholly owned subsidary of Clerical Medical Investment Group Limited, a wholly owned subsidiary of HBOS Financial Services Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc, and are therefore disclosed as an overall Direct Interest. Within the Insight Investment Management (Global) Limited holdings, 48,451,321 shares (4.632%) are managed on behalf of Clerical Medical Investment Group Limited, a wholly owned subsidiary of HBOS Financial Services Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc, and are therefore disclosed as an overall Direct Interest.