18 November 2016

                                    LMS Capital plc                                

                                   Change of auditor                               

    In accordance with section 520(2) of the Companies Act 2006, a letter has been
    sent to shareholders of the Company, for information only, in relation to the
    statutory statement received from KPMG LLP in connection with its resignation
    as the Company's auditor. The resignation follows the Company's competitive
    tender process for the selection of an auditor which resulted in the decision
    to appoint BDO LLP as auditor.

    The letter will shortly be available for inspection at the National Storage
    Mechanism www.morningstar.co.uk/uk/nsm and the Company's website at 
    www.lmscapital.com.

    For further information please contact:

    Tony Sweet

    Company Secretary

    020 7935 3555