Holding(s) in Company

Local Shopping REIT (The) PLC
03 May 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:


Stichting Pensioenfonds ABP


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

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


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):   2 May 2007


6. Date on which issuer notified: 2 May 2007


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

n/a                                       0               0 
Resulting situation after the triggering transaction

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

GB00B1VS7G47                3,000,000    3,000,000    n/a       3.126%   n/a


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
3,000,000                                    3.126%


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


13. Additional information:.................


14. Contact name: Bill Heaney, Company Secretary


15. Contact telephone number: 020 7187 4444




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