LEM Leisure & Media

RNS Number:3383T
Leisure & Media VCT PLC
20 March 2007

          
TR-1:     NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing         Leisure & Media VCT PLC
shares to which voting rights are attached:

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

An acquisition or disposal of voting rights                                                

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): Declaration of Major Shareholding as per FSA Transitional          
Provision 7


3. Full name of person(s) subject to the notification  James Daryl Hambro
obligation:

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

5. Date of the transaction (and date on which the                            n/a
threshold is crossed or reached if different):

6. Date on which issuer notified:                                       20 March 2007

7. Threshold(s) that is/are crossed or reached:                            Above 3%


8. Notified details:

A: Voting rights attached to shares

Class/type of     Situation previous to   Resulting situation after the triggering transaction(i)
shares            the Triggering
                  transaction
 if possible      Number of   Number of   Number of   Number of voting rights % of voting rights
using the ISIN    Shares      Voting      shares
CODE                          Rights      Direct      Direct      Indirect    Direct       Indirect
Ordinary Shares

3017193           297,680     297,680     297,680     297,680                 3.25%



B: Financial Instruments

Resulting situation after the triggering transaction

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


Total (A+B)

Number of voting rights                            % of voting rights

297,680 Shares                                     3.25%



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

Not Applicable


Proxy Voting:

10. Name of the proxy holder:                                      -

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:                  James Hambro is a director and a substantial shareholder of J O
                                             Hambro Capital Management Group Limited, a Designated Member of
                                             North Atlantic Value LLP, the Investment Manager of Leisure &
                                             Media VCT PLC.

14. Contact name:                            Bonita Guntrip

15. Contact telephone number:                020 7747 5681


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