Holding(s) in Company

Local Shopping REIT (The) PLC
01 November 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 (L&G)


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


Legal & General Assurance (Pensions Management) Limited (PMC)


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


17 October 2007


6. Date on which issuer notified:


31 October 2007



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


From 3% - 4% (L&G)



8. Notified details:


A: Voting rights attached to shares


Situation previous to the Triggering transaction

Class/type of shares if possible using the
ISIN CODE
Ord GBP 0.20                                 Number of      Number of voting
                                             shares         Rights

GB00B1VS7G47                                 3,407,500      3,407,500

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

Ord GBP 0.20                 Direct       Direct      Indirect Direct  Indirect

GB00B1VS7G47                 3,919,238    3,919,238            4.01%


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

3,919,238                                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 ('LGIM') (Indirect)

Legal & General Group Plc ('L&G') (Direct) 3,919,238 - 4.01% = LGAS, LGPL & PMC

Legal & General Investment Management (Holdings) Limited ('LGIMHD') (Direct)
3,490,072 - 3.57% = PMC

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

Legal & General Assurance (Pensions Management) Limited ('PMC') 3,490,072- 3.57%
= PMC

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:

Notification using the total voting rights figure of 97,539,040

L&G report that their notification was delayed owing to a large number of
disclosures required following the acquisition of a substantial amount of new
business in the form of in-specie transfers.


14. Contact name:

Bill Heaney, Company Secretary


15. Contact telephone number:

020 7187 4444



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