Director/PDMR Shareholding

LSL Property Services
08 March 2007



                                                                8 March 2007


                              LSL PROPERTY SERVICES PLC

                  AWARD OF OPTIONS UNDER EMPLOYEE BENEFIT ARRANGEMENTS

                                      AND
    NOTIFICATION OF DEALINGS BY DIRECTORS AND PERSONS DISCHARGING MANAGERIAL
                                RESPONSIBILITIES

LSL Property Services plc (the 'Company'), announces earlier today, Simon
Embley, Dean Fielding, Paul Latham, David Newnes and Andrew Mohun-Smith (the
'MBO management team') awarded nil cost options over 105,062 ordinary shares in
the capital of the Company to certain employees of the Company and its
subsidiaries (the 'Group') under the Employee Benefit Arrangements described in
the prospectus dated 16 November 2006. The grants reward those employees whom
the MBO management team feel should be recognised for their work for the Group
from the time of the Company's management buy-out through to its listing on the
Official List of the Financial Services Authority. 105,062 of the options have
been exercised.

On 8th March 2007, Simon Embley, Dean Fielding, Paul Latham and David Newnes 
notified the Company in accordance with section 324 (extended by section 328) 
of the Companies Act 1985 and the Rule 3.1.4R (1)(a) of the Disclosure and 
Transparency Rules that they have granted the above mentioned options which 
have today been exercised.

As a result of the awards mentioned above Simon Embley, Dean Fielding, Paul
Latham and David Newnes, Directors and/or Persons Discharging Managerial
Responsibility ('PDMR') have disposed of ordinary shares in the capital of LSL
Property Services plc for no consideration and reduced their interest in the
Company as detailed below.


Director/  Shareholding      Total  Number of shares   Shareholding After Total
PDMR       Prior to Award    %      transferred        the Award          %

Simon            7,587,750   7.28%      23,676          7,564,074       7.26%
Embley

Dean             6,070,200   5.83%      28,324          6,041,876       5.80%
Fielding

Paul             6,828,975   6.56%      29,808          6,799,167       6.53%
Latham

David            5,311,425   5.10%      23,254          5,288,174       5.08%
Newnes

For further information please contact:

Sapna Bedi, Company Secretary: 01904 715315




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