4 Mar 2011 14:04

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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
The Local Shopping REIT plc |
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2 Reason for the notification (please tick the appropriate box or boxes): | |
 An acquisition or disposal of voting rights | ü |
 An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |
 An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |
 An event changing the breakdown of voting rights | |
Other (please specify): Â Â | Â Â Â |
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3. Full name of person(s) subject to the notification obligation: Â | Schroders plc |
4. Full name of shareholder(s) (if different from 3.): Â | |
5. Date of the transaction and date on which the threshold is crossed or reached: Â | 3 March 2011 |
6. Date on which issuer notified: Â | 4 March 2011 |
7. Threshold(s) that is/are crossed or reached: Â | 14% - 11% |
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8. Notified details: | |||||||
A: Voting rights attached to shares  | |||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights | |||
Direct | Direct | Indirect | Direct | Indirect | |||
 GB00B1VS7G47 | 11,916,777 | 11,916,777 | 9,487,563 |  N/A | 9,487,563 |  N/A | 11.499% |
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B: Qualifying Financial Instruments | ||||
Resulting situation after the triggering transaction  | ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted. Â | % of votingrights |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
Resulting situation after the triggering transaction  | ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights  | |
Nominal | Delta  | |||||
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Total (A+B+C) Â | |
Number of voting rights | Percentage of voting rights |
9,487,563 | 11.499% |
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9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: |
Schroder Investment Management Limited 9,487,563 11.499% Â |
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Proxy Voting: Â | |
10. Name of the proxy holder: Â | |
11. Number of voting rights proxy holder will cease to hold: Â | |
12. Date on which proxy holder will cease to hold voting rights: Â |
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13. Additional information: Â | The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. |
14. Contact name: Â | Bill Heaney Company Secretary |
15. Contact telephone number: Â | Â 020 7292 0333 |
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