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:

Workspace Group PLC

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

X

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):______________

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):

11 March 2009

6. Date on which issuer notified:

12 March 2009

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

Increase to above 17%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code:

GB0005296354

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

11,892,585

Number of voting rights

11,892,585

Number of shares

96,880,184 

Number of voting rights

Percentage of voting rights

Direct

96,880,184

Indirect

85,059,231

Direct

9.26%

Indirect

8.13%

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

Total (A+B)

Number of voting rights

Percentage of voting rights

181,939,415

17.39%

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

176,831,607 shares (16.901%) 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). Within these holdings, 36,741,872 shares (3.51%) are managed on behalf of Clerical Medical Managed Funds Limited, a wholly owned subsidary of Clerical Medical Investment Group Limited, a wholly owned subsidiary of HBOS Financial Services 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, and are therefore disclosed as an overall Direct Interest. Within the Insight Investment Management (Global) Limited holdings, 50,086,847 shares (4.79%) are managed on behalf of Clerical Medical Investment Group Limited, a wholly owned subsidiary of HBOS Financial Services 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, and are therefore disclosed as an overall Direct Interest.

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

 N/A

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

 N/A

13. Additional information:

Notification using the total voting rights figure of 1,046,116,842

14 Contact name:

Amanda Whalley, Company Secretary

15. Contact telephone name:

020 7369 2377