Berkeley Group Regulatory News (BKG)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

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

Berkeley Group Holdings Unit

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

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition pr disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

Lehman Brothers International (Europe)

(in administration)

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

5. Date of the transaction and date on which the threshold is crossed or reached: v

Not available 1

6. Date on which issuer notified:

31/07/2009

7. Threshold(s) that is/are crossed or reached: vi, vii

Below 3%2

1 Given the status of Lehman Brothers International (Europe) (in administration) ("LBIE"), information relating to the positions held by LBIE has been difficult to ascertain, which has resulted in the delay in being able to make the required notification. Furthermore, in this case, it has not been possible to determine the precise circumstances in which the threshold was crossed and the timing of crossing such threshold. In preparing this notification, LBIE has reviewed such information as is readily available to it from a range of records and the information provided herein is provided on the basis of the information in those records.

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction vi

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights viii

Number of shares

Number of Voting Rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B02L3UU35

6,602,027

6,602,027

Below 3%

Below 3%

Below 3%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction 

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

2 As you may be aware, on 15 September 2008 AV Lomas, SA Pearson, MJA Jervis and DY Schwarzmann, each a partner of PricewaterhouseCoopers LLP, ("Administrators") were appointed joint administrators of Lehman Brothers International (Europe) (in administration) ("LBIE"). As a result of the circumstances of LBIE's administration, LBIE's records may not reflect an accurate statement of its holding in shares of the Company. Discrepancies may arise, for example, as a result of trades which were executed prior to the administration of LBIE not being settled as between the parties post-administration, and as a result of the termination of contracts between LBIE and its counterparties (e.g. derivatives transactions under master agreements, and the liquidation of positions by third parties). In addition, LBIE employees with knowledge relevant to the holding may no longer work in LBIE's business. In preparing this Form. LBIE has reviewed such information as is readily available to it from a range of LBIE records ("Records") and the information provided herein is provided on the basis of the information in those Records.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

Below 3%

Below 3%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14.  Contact name:

Richard Stearn / Catherine Maitland, Tim Robertson (Cardew Group)

15. Contact telephone number:

01932 868555 / 0207 930 0777 (Cardew Group)