LMS CAPITAL PLC

Board/Management Information • Nov 18, 2016

16 November 2016

Change of Auditor

Following a competitive tender process, the Board is pleased to announce that it has appointed BDO LLP as auditor to the Company with immediate effect.

KPMG LLP has resigned and in accordance with section 520 (2) of the Companies Act 2006 the Company has received, dated 14 November 2016, a statement of circumstances from KPMG LLP under section 519 of the Companies Act 2006. A copy of the statement received from KPMG is enclosed with this letter.

No action is required on shareholders' part.

Neil Lerner Chairman Audit Committee for and on behalf of LMS Capital plc

KPMG LLP Financial Services 15 Canada Square London E14 5GL United Kingdom

Tel +44 (0) 20 7311 1000 Fax +44 (0) 20 7311 3311

Private & confidential Directors LMS Capital plc 100 George Street London W1U 8NU

Our ref PL/LMS

Contact Peter Lomax +44 117 9054133

14 November 2016

Dear Sirs

Statement to LMS Capital plc (no. 5746555) on ceasing to hold office as auditors pursuant to section 519 of the Companies Act 2006

The reason connected with our ceasing to hold office is the holding of a competitive tender for the audit, in which we were not invited to participate. The reason for this is that the client elected to rotate auditors, in light of the EU audit reform.

Yours faithfully,

kfunk ccp

KPMG LLP

Audit registration number: 9188307

Audit registration address: 15 Canada Square Canary Wharf, London E14 5GL

Registered in England No OC301540 rvegistered office: 15 Canada Square, London, E14 5GL
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