Holding(s) in Company

Local Shopping REIT (The) PLC
27 June 2007


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:


The Local Shopping REIT plc


2. Reason for the notification (place an X inside the appropriate bracket/s)

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: ( )


Other (please specify) : ( )

.................


3. Full name of person(s) subject to the notification obligation:


Legal & General Group Plc


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


Legal & General Assurance (Pensions Management) Limited


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


25 June 2007


6. Date on which issuer notified:


26 June 2007



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


Above 3%


8. Notified details:

.................


A: Voting rights attached to shares

Class/type of shares if possible using     Situation previous to the Triggering
the ISIN CODE                                          transaction
                                          Number of       Number of voting
                                          shares          Rights

GB00B1VS7G47                              Below 3%        Below 3%


Resulting situation after the triggering transaction

Class/type of shares if      Number of    Number of voting      % of voting
possible using the ISIN CODE shares       rights                rights



                             Direct       Direct       Indirect Direct  Indirect

GB00B1VS7G47                  3,407,500    3,407,500             3.52%





B: Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Exercise/     Number of voting rights that may   % of
financial   Date       Conversion    be acquired if the instrument is   voting
instrument             Period/ Date  exercised/ converted.              rights

n/a






Total (A+B)
Number of voting rights                      % of voting rights

                                 3,407,500                                3.52%




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 ('LGIM') (Indirect)

Legal & General Group Plc ('L&G') (Direct) 3,407,500 = 3.52% = LGAS, LGPL & PMC

Legal & General Investment Management Holdings Limited ('LGIMHD') (Direct)
3,018,334 = 3.12%

Legal & General Insurance Holdings Limited ('LGIH') (Direct)

Legal & General Assurance (Pensions Management) Limited ('PMC') 3,018,334 =
3.12%

Legal & General Assurance Society Limited ('LGAS' & 'LGPL')

Legal & General Pensions Limited ('LGPL') (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:





14. Contact name:


Bill Heaney, Company Secretary


15. Contact telephone number:


020 7187 4444




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