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 issuer
of existing shares to which voting rights are
attached: ⁱⁱ

LSL Property

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

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

No

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

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

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

Kames Capital

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

5. Date of the transaction and date on
which the threshold is crossed or
reached: ^v

11^th October 2011

6. Date on which issuer notified:

12^th October 2011

7. Threshold(s) that is/are crossed or
reached: ^{vi, vii}

7%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

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

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

5.90%

1.10%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

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

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7.00%

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

Kames Capital plc
Kames Capital Management Ltd
Kames Capital ICVC
Kames Capital VCIC

Proxy Voting:

10. Name of the proxy holder:

Kames Capital

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:

14. Contact name:

James Quigley

15. Contact telephone number:

0131 549 4180

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares^xxii

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

(including legal form of legal entities)

AEGON Asset Management UK plc

(registered office for legal entities)

EH12 9SA

0870 60 90 101

(at least legal representative for legal persons)

0131 549 3205

B: Identity of the notifier, if applicable

James Quigley

EH12 9SA

james.quigley@aegon.co.uk

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

C: Additional information

For notes on how to complete form TR-1 please see the FSA website.