Holding(s) in Company

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:

Eastern European Property Fund Limited

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

Yes

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

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

An event changing the breakdown of voting rights

Other (please specify): 

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

Lloyds Banking Group plc

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

See Section 9.

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

4 June 2009

6. Date on which issuer notified:

5 June 2009

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

Direct/Indirect reduced to below 23%

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

Ord 1p Shares

GB00B0XQ3R24

4,545,914

4,545,914

367,853

367,853

4,054,662

1.897%

20.910%

B: Qualifying 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

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ conversion period/date 

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

Percentage of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,422,515

22.807%

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

4,422,500 shares (22.807%) are under the control of Insight Investment Management (Global) Limited, a wholly owned subsidiary of Insight Investment Management Limited, a wholly owned subsidiary of HBOS Insurance & Investment Group Limited, a wholly owned subsidiary of HBOS plc, a wholly owned subsidiary of Lloyds Banking Group plc (Indirect Interests).

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:

Notification using the Total Voting Rights figure of 19,391,250

14 Contact name:

Kenny Melville

15. Contact telephone name:

0131 243 8671