Holding(s) in Company

TR-1: Notification of Major Interest in Shares                                 

1. Identity of the issuer or the underlying     LMS CAPITAL PLC                
issuer of existing shares to which voting                                      
rights are attached:                                                           
                                                                               
2. Reason for notification (please tick the appropriate box or boxes)          
                                                                               
An acquisition or disposal of voting rights                              X     
                                                                               
An acquisition or disposal of financial instruments which may result           
in the acquisition of shares already issued to which voting rights             
are attached                                                                   
                                                                               
An acquisition or disposal of instruments with similar economic                
effect to qualifying financial instruments                                     
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        
                                                                               
3. Full name of person(s) subject to           MANTRA INVESTISSEMENT SCA       
notification obligation:                                                       
                                                                               
4. Full name of shareholder(s) (if                                             
different from 3):                                                             
                                                                               
5. Date of the transaction and date on              10 JANUARY 2012            
which the threshold is crossed or                                              
reached                                                                        
                                                                               
6. Date on which issuer notified:                   11 JANUARY 2012            
                                                                               
7. Threshold(s) that is/are crossed or                    5%                   
reached:                                                                       

8: Notified Details                                                              
                                                                                 
A: Voting rights attached to shares                                              
                                                                                 
Class/    Situation previous to   Resulting situation after the triggering       
type of   the triggering          transaction                                    
shares    transaction                                                            
                                                                                 
If                                                                               
possible                                                                         
using the                                                                        
ISIN code                                                                        
                                                                                 
                                                                                 

Number of  Number of  Number of  Number of voting       % of voting            
shares     voting     shares     rights                 rights                 
           rights                                                              
                      Direct     Direct     Indirect    Direct  Indirect       
                                                                               
Ordinary   11,930,222 11,930,222 13,645,222 13,645,222  0       5.004%   0     
shares of                                                                      
10p                                                                            

B: Qualifying Financial Instruments                                            
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of         Expiration     Exercise/      Number of voting   % of voting   
financial       date           conversion     rights that may be rights        
instrument                     period         acquired if the                  
                                              instrument is                    
                                              exercised/                       
                                              converted                        
                                                                               

C: Financial Instruments with similar economic effect to Qualifying Financial  
Instruments                                                                    
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of    Exercise Expiration Exercise/  Number of voting   % of voting rights
financial  price               conversion rights instrument                    
instrument          date       period     refers to                            
                                                                               
                                                             Nominal Delta     
                                                                               

Total (A+B+C)                                                                  
                                                                               
Number of voting rights                 Percentage of voting rights            
                                                                               
13,645,222                              5.004%                                 

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
SOCIETE GENERALE (CUSTODIAN)                                                   
                                                                               
MANTRA INVESTISSEMENT SCA                                                      

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:                                                    
                                                                               
14 Contact name:                        Jon Edis-Bates                         
                                                                               
                                        Company Secretary                      
                                                                               
                                        LMS Capital plc                        
                                                                               
15. Contact telephone name:             020 7935 3555