LMS Capital plc                                

                                    ("the Company")                                

                               Directors' shareholdings                            

    23 December 2015

    The Company announces that, pursuant to the Tender Offer set out in the
    circular published by the Company on 27 November 2015 which closed on 10
    December 2015, the directors of the Company below have notified the Company of
    the sale by tender of the number of ordinary shares of 10 pence in the Company
    ("Ordinary Shares") set out against their respective names below.  The numbers
    of Ordinary Shares in which these individuals now have an interest are also set
    out against their names.  Settlement of the Tender Offer took place on 18
    December 2015 and notification to the Company of all these transactions was
    completed on 23 December 2015.  All shares were sold at a price of 96 pence per
    share. 

                                                                            
    Director                 Number of Ordinary  Total holding    % of Total
                                    Shares sold following sale Voting Rights
                                pursuant to the                             
                                   Tender Offer                             
                                                                            
    Martin Knight                        30,385         59,907         0.06%
                                                                            
    Bernard Duroc-Danner                      0        139,009         0.13%
                                                                            
    Neil Lerner                          46,747         49,435         0.05%
                                                                            
    Robert Rayne                      1,237,215      3,076,866         2.97%
                                                                            
    Nick Friedlos                        21,568         47,823         0.05%
                                                                            
    Tony Sweet                            7,730         16,775         0.02%

    Enquiries:

    Tony Sweet

    LMS Capital plc


    Tel: 020 7935 3555