Holding(s) in Company

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Ediston Property Investment Co plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

NO

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

NO

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

NO

An event changing the breakdown of voting rights

YES

Other (please specify):

NO

3. Full name of person(s) subject to thenotification obligation: iii

CITY OF BRADFORD METROPOLITAN DISTRICT COUNCIL

4. Full name of shareholder(s)  (if different from 3.):iv

AS ABOVE

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

15.07.2015

6. Date on which issuer notified:

21.07.15

7. Threshold(s) that is/are crossed orreached: vi, vii

3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00BNGMZB68

3,000,000

3,000,000

NIL

NIL

3,000,000

NIL

2.34%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

3,000,000

2.34%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

These shares are held on our behalf by HSBC, in a nominee account. Pensions & Investment Research Consultants (PIRC) vote on our behalf.

14. Contact name:

PATRICIA ROBERTSHAW

15. Contact telephone number:

01274 433563

Note: Annex should only be submitted to the FCA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

CITY OF BRADFORD METROPOLITAN DISTRICT COUNCIL

Contact address

(registered office for legal entities)

CITY HALL, BRADFORD, WEST YORKSHIRE BD1 1HY

Phone number & email

01274 433563

[email protected]

Other useful information

(at least legal representative for legal persons)

Correspondence address is: INVESTMENT SECTION,

2nd FLOOR ARGUS CHAMBERS, HALL INGS, BRADFORD, WEST YORKSHIRE, BD1 1UP

B: Identity of the notifier, if applicable

Full name

AS ABOVE

Contact address

AS ABOVE

Phone number & email

AS ABOVE

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

AN INCREASE IN ISSUED CAPITAL RESULTED IN A REDUCTION OF OUR PERCENTAGE HOLDING

For notes on how to complete form TR-1 please see the FCA website.