TLR Local Radio

RNS Number:2252Z
Local Radio Company PLC (The)
28 June 2007



TR-1:              NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing  The Local Radio Company 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                                                     X

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


3. Full name of person(s) subject to the notification           Anthony J. Gumbiner;
obligation:
                                                                Alastair P. Howie


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


5. Date of the transaction (and date on which the threshold is  24 May 2007
crossed or reached if different):


6. Date on which issuer notified:                               27 June 2007


7. Threshold(s) that is/are crossed or reached:                 24%


8. Notified details:




A: Voting rights attached to shares


Class/type of     Situation previous to   Resulting situation after the triggering transaction
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


ORD #0.04         16,616,223  16,616,223  17,916,223    17,916,223  0            24.88%      0.00%
GB00B0108C60




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


N/A                  N/A             N/A                       N/A                        N/A




Total (A+B)


Number of voting rights                            % of voting rights


17,916,223                                         24.88%


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


N/A


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



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

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