LSR.L Regulatory News (LSR)

27 Feb 2008 11:00

Local Shopping REIT (The) PLC27 February 2008 27 February 2008 THE LOCAL SHOPPING REIT PLC ("LSR" or the "Company") AGM STATEMENT At The Local Shopping REIT plc's Annual General Meeting being held today,Grahame Whateley, Chairman, will make the following comments: "Since our IPO in May 2007, there have been some marked changes in marketconditions and sentiment. "We strongly believe, however, that the nature of our diversified portfolio,with its highly revenue generative qualities and broad range of usage classes,provides underlying strength and relative resilience. The Directors are drawingon their many years of experience to adapt our business model appropriately tothese market conditions and take advantage of opportunities as they arise. Theyconsequently continue actively and prudently to assess potentially accretiveacquisitions created by the current market conditions, to ensure that they arein line with our investment model and stringent acquisition criteria. "Ongoing value generation is also being maintained through our active assetmanagement programmes, our ability to identify and exploit developmentopportunities and through the sale of ex-growth and lower yielding properties.This activity and our focused strategy ensures that we are well positioned toprosper and deliver future shareholder value." For more information please contact: The Local Shopping REIT plc Tel: 020 7292 0333Mike Riley/Nick Gregory Financial Dynamics Tel: 020 7831 3113Stephanie Highett/Richard Sunderland/Jamie Robertson This information is provided by RNS The company news service from the London Stock Exchange