Financial Report

2008/2009 was again a successful year for LCP with profits of £38.8 million being achieved.

The portfolio has maintained its solid performance of recent years with consistently high occupancy levels averaging 93%. These levels remain buoyant and a sound profit performance is anticipated for 2009/2010.

London & Cambridge Properties 2008/2009

Long term commercial property investment company formed in 1987

Pre-tax profits were £38.8 million in the year to 31st March 2009

Property investments of £955.9 million

Acquisitions of £15.5 million during 2008/2009

Equity shareholders funds in excess of £419.7 million at 31st March 2009