Portfolio Update

Local Shopping REIT (The) PLC
02 April 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 31
March 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

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

21/31 and 35/47 High Street, Uckfield

Cheveley Park Shopping Centre, Belmont, Durham

Clive Parade, Cricklade Road. Swindon SN2 1AJ

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

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

12/23 Stanhope House, Market Street, Shipley BD18 3QD


Enquiries:

Bill Heaney, Company Secretary 020 7292 0333


END




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