Notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Lavendon Group 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 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 the notification obligation:

Cycladic Capital LLP

RIT Capital Partners

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

Goldman Sachs Securities (Nominees) Limited

The Bank of New York (Nominees) Limited

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

February 10, 2009

6. Date on which issuer notified:

February 13, 2009

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

Cycladic 4%, 5%

RIT 3%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares 

 if possible using the ISIN CODE

Situation previous to the Triggering transaction 

Resulting situation after the triggering transaction

Number of Shares 

Number of Voting Rights viii

Number of shares 

Number of voting rights ix

% of voting rights

Direct

Direct x

Indirect xi

Direct

Indirect

GB0005057541

ORDINARY SHARES

1,810,533 (Cycladic)

1,789533 (RIT)

1,810,533 (Cycladic)

1,789,533 (RIT)

2,367,048 (Cycladic)

1,789,533 (RIT)

5.12% (Cycladic)

3.87% (RIT)

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration date xiii

Exercise/ Conversion Period/ Date xiv 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

% of voting rights

2,367,048

5.12%

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

Cycladic Capital LLP is the manager of the Cycladic Archipelago Fund (lc (3.88% interest). The shares are held by Goldman Sachs Securities (Nominees) Limited and The Bank of New York (Nominees) Limited as nominees. As manager, Cycladic Capital LLP can direct the votes in relation to all of those shares.

Proxy Voting:

10. Name of the 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:

14. Contact name:

Jess Higham

15. Contact telephone number:

+44 (0) 20 7629 7348

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

Full name (including legal form for legal entities)

Cycladic Capital LLP

Contact address (registered office for legal entities)

27 St James's Place

London

SW1A 1NR

Phone number 

+44 (0) 20 7629 7348

Other useful information (at least legal representative for legal persons)

Dimitri Goulandris

B:  Identity of the notifier, if applicable xvii

Full name 

Cycladic Capital LLP

Contact address 

27 St James's Place

London

SW1A 1NR

Phone number 

+44 (0) 20 7629 7348

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

C: Additional information