Portfolio Update

RNS Number : 7763E

Local Shopping REIT (The) PLC

01 October 2008

The Local Shopping REIT plc

Re: Listing Rule 15.4.11 - Top Ten Holdings

In accordance with paragraph 15.4.11(2) of the Listing Rules The Local Shopping REIT plc ('the Company') announces its top ten property investments, as at 30 September 2008, at which time the Company had no properties with a value greater than 5% of its gross assets.

Property

Market Street, New Street & Great Square, Braintree CM7

Borehamgate Shopping Centre, King Street, Sudbury CO10 2EG

21/31 and 35/47 High Street, Uckfield

Four Acre Shopping Centre, Four Acre Lane, St Helens, Merseyside, WA9 4BZ

Cheveley Park Shopping Centre, Belmont, Durham

Clive Parade, Cricklade Road. Swindon SN2 1AJ

17-45 Market Street, 2a Lord Street & 5 Bradshawgate, Leigh WN7

Florence Walk, Bishops Stortford, Herts CM23 2NZ

Units 1/5 The Concourse & Units 1/7 & 7/39 (odd) Brislington Hill, Bristol BS4 5BQ

17/23 Bank Street & 1-3 Anderson Street, Airdrie

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