1 - Details of the person discharging managerial responsibilities / person
    closely associated

    Must complete either for a natural person or a legal person. If completing for
    a legal person, please include the legal form as provided for in the register
    where it is incorporated, if applicable.

    Name of natural person

    Legal person               Trustees of the Lord Rayne Will Trust

    2 - Reason for the notification

    For persons discharging managerial responsibilities:

    - The position occupied within the issuer, emission allowance market
    participant / auction platform / auctioneer / auction monitor should be
    indicated e.g. CEO, CFO.

    For persons closely associated with:

    - An indication that the notification concerns a person closely associated with
    a person discharging managerial responsibilities;

    - Name and position of the relevant person discharging managerial
    responsibilities

    Position/status           Closely associated with Robert Anthony Rayne

    Initial notification/amendment        Initial Notification

                                                                                           
                                                                                           

    3 - Details of the issuer, emission allowance market participant, auction
    platform, auctioneer or auction monitor

    Full name of the entity            LMS Capital Plc

    Legal Entity Identifier code

    In accordance with ISO 1744 LEI code.

                                                                                           
                                                                                           

    4 - Details of the transaction(s)

    Details of the transaction(s): section to be repeated for (i) each type of
    instrument; (ii) each type of transaction; (iii) each date; (iv) each place
    where transactions have been conducted

    Transaction(s) summary table

    Date Of      Financial Instrument  Identification   Place Of          Currency           
    Transaction                        Code             Transaction                          
                                                                                             
    2016-11-09   Ordinary Shares       GB00B12MHD28     London Stock      GBP - British Pound
                                                        Exchange - XLON                      
                                                                                             
    Nature Of Transaction:                                                                   
    Share sale: Withers Trust Corporation Limited,                 Price     Volume Total    
    James McCarthy and Nick Kelsey (in their capacity                                        
    as the Trustees of the Lord Rayne Will Trust) have                                       
    agreed to sell a number of the shares which they               0.56      430704 239040.72
    hold, as per the notification below. Robert Anthony                                      
    Rayne is a beneficiary of the Lord Rayne Will Trust                                      
    and the trustees are therefore closely associated   Aggregated 0.555     430704 239040.72
    with Robert Anthony Rayne, which has prompted this                                       
    notification under Article 19(1) MAR.