$re = '/List\sParagraph\t\d+\)\sRationale-([\s\S]+)?(?=List\sParagraph\t\d+\)\sAttached\sFiles)/m';
$str = 'List Paragraph 122) Rationale-1-Details on the requirement
List Paragraph 123) Details...
Normal
List Paragraph 124) 2-Comments
List Paragraph 125) Some Comments...
Normal
List Paragraph 126) 3-Justification
List Paragraph 127) Some justification
List Paragraph 128) Attached Files:
List Paragraph 129)
';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php