Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

LondonMetric Property Plc

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

An acquisition or disposal of voting rights

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 effect to qualifying financial instruments

An event changing the breakdown of voting rights

X

(see 13 below)

Other (please specify):

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

ELECTRA PARTNERS LLP

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

ELECTRA PRIVATE EQUITY PARTNERS 2006 SCOTTISH LP

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

28 JANUARY 2013

6. Date on which issuer notified:

29 JANUARY 2013

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

BELOW 5%

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 xi

Indirect xii

Direct

Indirect

GB00B4WFW713

Ordinary 10p shares

30,000,000

30,000,000

30,000,000

-

30,000,000

-

4.19%

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

n/a

n/a

n/a

n/a

n/a

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

n/a

n/a

n/a

n/a

n/a

Nominal

Delta

n/a

n/a

Total (A+B+C)

Number of voting rights

Percentage of voting rights

30,000,000

4.19% (see 13 below)

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:

Electra Partners LLP is the Manager of Electra Private Equity Partners 2006 Scottish LP.

Following the all-share merger of London & Stamford Property Plc and Metric Property Investments Plc, Electra Private Equity Partners 2006 Scottish LP is interested in 30,000,000 Ordinary 10p Shares in LondonMetric Property PLC (4.19% of the existing share capital / total voting rights), having been previously interested in the same number of Ordinary 10p Shares in London & Stamford Property PLC.

The registered holder of the shares is Paternoster Nominees Limited.

The figure of 4.19% is based on an issued share capital / total voting rights of 716,617,815 Ordinary Shares.

14. Contact name:

PJ DYKE, ELECTRA PARTNERS LLP, MANAGER OF ELECTRA PRIVATE EQUITY PARTNERS 2006 SCOTTISH LP

15. Contact telephone number:

020 7214 4200