Confirmation of Planning Use

5 January 2016

LXB RETAIL PROPERTIES PLC

(the "Company" or the "Group")

Confirmation of Planning Use

LXB Retail Properties Plc has received confirmation of the planning status of the Group's recent investment at Greenwich.

The Royal Borough of Greenwich has confirmed that the 93,500 sq ft investment property which was acquired in September 2015 and is let to B&Q with 9 years remaining on the lease, has planning consent for Open A1 non-food uses.

For further information please contact:

LXB Adviser LLP Tel: 020 7432 7900

Tim Walton, CEOBrendan O'Grady, FD

J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000

Bronson Albery/Paul Hewlett

Stifel Tel: 0207 710 7600

Mark Young/Tunga Chigovanyika

Buchanan Tel: 020 7466 5000

Charles Ryland/Vicky Watkins