(LSE.L) London Stock Exchange Group PLC Buy/Sell

LONDON, Feb 8 (Reuters) - London Stock Exchange Group Plc:

RNS Number : 8124G London Stock Exchange Group PLC 08 February 2010

08 February 2010

ETR - 28

JANUARY AVERAGE DAILY VALUE TRADED UP 14 PER CENT

RNS Number : 6819G London Stock Exchange Group PLC 04 February 2010

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying
issuer of existing shares to which voting London Stock
rights are attached: Exchange Group plc

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

An acquisition or disposal of voting rights 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 or 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: Legal & General Group Plc (L&G)

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

5. Date of the transaction and date on which
the threshold is crossed or reached: 02 February 2010

6. Date on which issuer notified:
03 February 2010

7. Threshold(s) that is/are crossed or
reached: L&G (From 3% to 4%)

8. Notified details: A: Voting rights attached to shares
Class/type of Situation previous Resulting situation after the triggering transaction
shares to the triggering
transaction

if possible using the ISIN CODE
Number Number Number Number of voting % of voting
of of of shares rights rights
Shares Voting
Rights
Direct Direct Indirect Direct Indirect
8,947,372 10,875,393 10,875,393 4.01%

(as on 10/08/2009)

Ordinary 6.918604p

B: Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that may be rights
Period acquired if the
instrument is
exercised/
converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction
Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights
instrument price date Conversion rights instrument
period refers to
Nominal Delta

Total (A+B+C) Number of voting rights Percentage of voting rights
10,875,393 4.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Legal & General Group Plc (Direct and Indirect) (Group) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) Legal & General Investment Management Limited (Indirect) (LGIM) Legal & General Group Plc (Direct) (L&G) (10,875,393 - 4.01%= LGAS, LGPL &

Legal & General Investment Legal & General Insurance Holdings Limited

Management (Holdings) Limited (Direct) (LGIH) (Direct) (LGIMHD)
Legal & General Assurance Legal & General Assurance Society Limited

(Pensions Management) Limited (LGAS & LGPL)

Legal & General Pensions Limited (Direct)

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: Notification using the total voting rights
figure of 270,982,828
14. Contact name: Helen Lewis (LGIM)

15. Contact telephone number: 020 3124 3851

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

HOLEAEALEEPEEFF

By Alfred Kueppers

MOSCOW, Feb 3 (Reuters) - Russian business leaders' calls for the creation of a knowledge economy fell on deaf ears at a major conference on Wednesday as top funds said they still view the country as a pure natural resources play.
"It's a one trick pony - it's an oil play," David North, head of asset allocation at the U.K.'s Legal & General, which manages 311 billion pounds ($497.3 billion), said at the opening of Troika Dialog's Russia Forum, the first major investment conference of the year.
Roughly 1,000 domestic and foreign businessmen braved frigid temperatures to pack a convention center overlooking the frozen Moscow River, evidence that Russia has recaptured some of the buzz it lost when cash-strapped funds dumped risky assets during the global crisis.
Though the benchmark RTS has more than tripled from its 2009 low, both local business leaders and foreign investors said fundamental changes are needed if Russia wants to move beyond its role as a provider of cheap energy and raw materials to achieve lasting growth.
"In the last five to six years investment in strategic research has been growing, but there have been no tangible results," Anatoly Chubais, the post-Soviet era privatisation chief and current head of the state nanotechnology company said during a panel discussion.

Locals and foreigners alike agreed that a range of hurdles block Russia from converting the rich scientific base it inherited from the Soviet Union into job-creating industries.
Rampant corruption, bureaucratic inertia and a distrust of private business are some of the main obstacles that prevent a culture of innovation from flourishing, forum attendees said.
"If an entrepreneur is shown to us today, it is someone being taken out of their office in a mask, or something else not very positive," German Gref, chief executive of Sberbank , Russia's largest bank said, referring to frequent incidents such as searches of company offices by prosecutors and other law enforcement agencies. "As a result, there is no desire on the part of people to become entrepreneurs."
George Cooper, a former physicist and now a fund manager with Alignment Investors said change will take decades.
"When I was studying physics many years ago, Russia was pre-eminent, he said. "In terms of the transition from commodity producer to a more balanced industrial economy, you have to be talking about 10 to 20 years."

Russia's resurgence has been powered by higher oil prices, which are currently above $77 per barrel, almost double their lows at the end of 2008 and beginning of 2009.
Following a 7.9 percent decline in 2009, the world's leading oil producer's GDP is expected to rise by 5.0 percent in the first quarter according to a recent Reuters poll.
Common elements of the boom years, such as initial public offerings (IPO) on the London Stock Exchange, are once again in vogue.
"There is a very robust pipeline of potential listings coming out of Russia to the London market," the exchange's CEO Xavier Rolet told Reuters financial television.
SUEK, the nation's largest steam coal group, as well as leading iron ore miner Metalloinvest, are expected to account for the bulk of the billions raised in 2010 by Russia companies in London.
Though exports are flourishing, Russia's economy has plenty of weak points that could give investors pause or prompt them to be very selective.
Unemployment is expected at 8.0 percent in 2010, and inflation, though slowing, is also forecast at 8.0 percent.
Last Saturday, up to 10,000 rallied in Kaliningrad over high living costs and unemployment, in a rare show of discontent.
"One of the challenges of natural resource societies is the challenge of creating a lot of jobs," Michael Milken, the philanthropist and former junk bond trader said. "It's a challenge in the Middle East and obviously in Russia."

($1=.6254 Pound)

(Additional reporting by John Bowker; Editing by Jon Loades-Carter) Keywords: RUSSIA INVESTORS/TROIKA FORUM (alfred.kueppers@thomsonreuters.com; Tel +7 495 775 1242; Reuters Messaging: alfred.kueppers@thomsonreuters.com@reuters.net)

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