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Holding(s) in Company

16th Apr 2007 12:45

Development Securities PLC16 April 2007 To: Financial Services AuthorityDated: April 13, 2007 Pursuant to the FSA's Disclosure and Transparency Rules, I hereby report thatthe voting interest held by Stichting Pensioenfonds ABP as per today in sharesof Development Securities Plc, (ISIN GB0002668464) exceeds the threshold of4% and, according to our own calculation, now amounts to 4.22% (1,717,424 shares). Please find attached the major shareholdings notifications form (TR1). We would also like to inform that Stichting Pensioenfonds ABP does not have aparent company, a major shareholder or an investment manager who controls itsvoting rights. Shareholder's complete name, trade register number:Stichting Pensioenfonds ABPP.O.Box 49106401 JS HeerlenThe NetherlandsRegistered with the Chamber of Commerce no. 41074000 From: Gerben Everts Compliance Officer ABP Investments TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached: Development Securities PLC 2. Reason for the notification (please state 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: ( ) Other (please specify) : TRANSITIONAL NOTIFICATION REQUIREMENT ( X ) 3. Full name of person(s) subject to the notification obligation: STICHTING PENSIOENFONDS ABP 4. Full name of shareholder(s) (if different from 3.): 5. Date of the transaction and date on which the threshold is crossed or reachedif different): N/A 6. Date on which issuer notified: APRIL 13, 2007 7. Threshold(s) that is/are crossed or reached: 4% 8. Notified details: A: Voting rights attached to shares Class/type of shares Situation previous to if possible using the the Triggering ISIN CODE transaction Number of shares Number of voting Rights GB0002668464 1,717,424 1,717.424 Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights if possible using the ISIN CODE Direct Direct Indirect Direct Indirect GB0002668464 1,442,976 1,442,976 274,448 3.5444 0.6791 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting % of voting financial Period/ Date rights that may be rights instrument acquired if the instrument is exercised/ converted. N/A Total (A+B)Number of voting rights % of voting rights 1,717,424 4.22 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: N/A Proxy Voting: 10. Name of the proxy holder: N/A 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: N/A 14. Contact name: 15. Contact telephone number: Annex Notification Of Major Interests In Shares A: Identity of the person or legal entity subject to the notification obligation Full name (including legal form for legal entities): STICHTING PENSIOENFONDS ABP Contact address (registered office for legal entities): OUDE LINDESTRAAT 706401 DJ HEERLENTHE NETHERLANDS Phone number: +31 20 4054419 Other useful information (at least legal representative for legal persons): COMPLIANCE OFFICERGERBEN EVERTS B: Identity of the notifier, if applicable Full name: N/A Contact address: Phone number: Other useful information (e.g. functional relationship with the person or legalentity subject to the notification obligation): C: Additional information : N/A This information is provided by RNS The company news service from the London Stock Exchange

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