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:

The Local Radio Company 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:

Aviva plc & its subsidiaries

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

Registered Holder:

BNY Norwich Union Nominees Limited 371,778*

Chase GA Group Nominees Limited 1,204,266*

CUIM Nominees Limited 224,789*

(*denotes direct interest)

Vidacos Nominees Limited 551,777

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

26 February 2009

6. Date on which issuer notified:

27 February 2009

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

6% to

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

GB00B0108C60

4p Ords

6,911,177

6,911,177

1,800,833

1,800,833

551,777

2.50%

0.77%

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

Total (A+B)

Number of voting rights

Percentage of voting rights

2,352,610

3.27%

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

Proxy Voting:

10. Name of proxy holder:

See section 4

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:

Figures are based on a total number of voting rights of 72,001,588

14 Contact name:

Neil Whittaker

15. Contact telephone number:

01603 684420