Holding(s) in Company

Local Shopping REIT (The) PLC
10 September 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:


AXA S.A., 25 Avenue Matignon, 75008 Paris and its group of companies


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):


04/09/2007


6. Date on which issuer notified:


06/09/2007


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


Above 5%


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                                  4,898,350
                                                                     4,898,350


Resulting situation after the triggering transaction

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



                             Direct     Direct     Indirect     Direct  Indirect

GB00B1VS7G47                  103,417    103,417    4,944,933    0.10%    4.92%





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

                                 5,048,350                                5.03%




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

Name of Company / Fund                Number of Shares    % of issued capital
AXA UK Investment Co ICVC UK Smaller
Companies Fund                                  319,933                0.31861
Indirect
Sun Life Assurance Ltd FTSE All Share
Tracker                                          17,318                0.01725
Direct
Sun Life Pensions Management FTSE All
Share Tracker                                    86,099                0.08574
Direct
AXA Framlington Managed Income                  425,000                0.42325
Indirect
AXA Framlington Equity Income                 4,200,000                4.18268
Indirect
Total Direct                                    103,417                0.10299
Total Indirect                                4,944,933                4.92454
                              TOTAL           5,048,350                5.02753



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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