Holding(s) in Company

RNS Number : 3062G
Derwent London PLC
21 October 2008

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

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

2. Reason for the notification (please place an X inside the appropriate bracket/s):

An acquisition or disposal of voting rights: ( X )

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:
Third Avenue Management LLC on behalf of the Third Avenue Real Estate Value Fund

4. Full name of shareholder(s) (if different from 3.) :
Third Avenue Management LLC

5. Date of the transaction (and date on which the threshold is crossed or reached if different):
16 October 2008

6. Date on which issuer notified:
17 October 2008

7. Threshold(s) that is/are crossed or reached:
3.00%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if Situation previous to the Triggering transaction
possible using the ISIN CODE
Number of shares Number of voting Rights
Ordinary
3,196,622 3,196,622

Resulting situation after the triggering transaction

Class/type of shares if Number of shares Number of voting rights % of voting rights
possible using the ISIN CODE
Direct Direct Indirect Direct Indirect

Ordinary 2,935,872 2,935,872 2.91%

B: Financial Instruments
Resulting situation after the triggering transaction

Type of financial instrument Expiration Date Exercise/Conversion Number of voting % of voting rights
Period/ Date rights that may be
acquired if the
instrument is
exercised/
converted.

Total (A+B)
Number of voting rights % of voting rights

2,935,872 2.91%

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

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:
T.J. KITE

15. Contact telephone number:
020 7659 3000

This information is provided by RNS
The company news service from the London Stock Exchange

END