Holding(s) in Company

London & Stamford Property Ltd
17 December 2007


                       LONDON & STAMFORD PROPERTY LIMITED
                    (Registered in Guernsey - Number 47816)
                                        
                               Registered Office:
          2ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT,
                               GUERNSEY, GY1 3NQ.
                          ___________________________
                                        
                          TELEPHONE:  + 44 1481 720321
                          FACSIMILE:  + 44 1481 716117
                            e-mail:  [e-mail]


Immediate Announcement                                         17 December 2007

London & Stamford Property Limited was notified of the following transaction in
its share capital.

TR-1  NOTIFICATION OF MAJOR INTERESTS IN SHARES
1.  Identity of the issuer or the underlying issuer of   London & Stamford Property Limited
existing shares to which voting rights are attached:

2.  Reason for notification (yes/no)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments which may result in the acquisition
of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights                                         Yes
Other (please specify):

3.  Full name of person(s) subject to notification  Fidelity International Limited (FIL)
obligation:
4.  Full name of shareholder(s) (if different from  Fidelity International Limited (FIL) is the
3)                                                  parent holding company for various direct
                                                    and indirect subsidiaries, including
                                                    Fidelity Fund Management Limited (FFML),
                                                    Fidelity Investment Services Ltd (FISL),
                                                    Fidelity Gestion (FIGEST), Fidelity
                                                    Investments Advisory (Korea) Limited
                                                    (FIAKL), Fidelity Investments Mangement
                                                    (Hong Kong) Limited (FIMHK), Fidelity
                                                    Pension Management (FPM), Fidelity
                                                    Investments Japan (FIJ) and Fidelity
                                                    Investments International (FII), investment
                                                    managers for various non-US investment
                                                    companies and institutional clients.

5.  Date of transaction (and date on which the      14 December 2007
threshold is crossed or reached if different):
6.  Date on which issuer notified:                  17 December 2007
7.  Threshold(s) that is/are crossed or reached:    5%

8.  Notified Details
A: Voting rights attached to shares
Class/type of  Situation previous to the   Resulting situation after the triggering
Shares if      triggering transaction      transaction
possible use   Number of     Number of     Number   Number of voting       Percentage of voting
ISIN Code      Shares        voting        of       rights                 rights
                             rights        shares
                                                    Direct   Indirect      Direct    Indirect

GG00B1Z5TP40   23,100,000    23,100,000                      23,100,000              8.1%

B:  Financial Instruments
Resulting situation after the triggering transaction
Type of financial      Expiration date      Exercise/      No. of voting rights Percentage of
instrument                                  conversion     that may be acquired voting rights
                                            period/date    (if the instrument
                                                           exercised/converted)
Total (A+B)
Number of voting rights                             Percentage of voting rights
23,100,000                                          8.10%

9. Chain of controlled undertakings through which the voting rights and / or the financial
instruments are effectively held, if applicable:
As per 4 above.

Proxy Voting:
10.  Name of proxy holder:                          Fidelity International Limited (FIL)
11.  Number of voting rights proxy holder will      N/A
cease to hold:
12.  Date on which proxy holder will cease to hold  14 December 2007
voting rights:
13.  Additional information                         Filing is due to a divestiture of
                                                    23,100,000 shares
14.  Contact name:                                  David Merryweather
15.  Contact:                                       [e-mail]


All Enquiries:

The Company Secretary
Butterfield Fund Services (Guernsey) Limited
PO Box 211
Regency Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 3NQ

Tel: [phone]
Fax: [phone]










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