Holding(s) in Company

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 (yes/no)

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 Master Ltd.

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

24 April 2009

6. Date on which issuer notified:

28 April 2009

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

Passed the 16%, 15%, 14%, 13% and 12% thresholds

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use 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

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ordinary Shares ISIN: GB00B1G5HX72

16,968,974

same

11,672,974

same

11.21%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

11,672,974

11.21%

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

Sheffield Asset Management, L.L.C. exercises voting rights on behalf of:

Sheffield Partners, L.P. Sheffield Institutional Partners, L.P. Sheffield International Partners Master Ltd.

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:

Amy Rosenow Chief Operating Officer Sheffield Asset Management, L.L.C.

15. Contact telephone number:

+1 312 506 6403