Holding(s) in Company

The Local Shopping REIT plc reports that on 18th October 2011 it received the following notification from AXA SA and AXA Investment Managers SA:

"Following the disaggregation exemption notified to the FSA under the Disclosure and Transparency Rules on 17th October 2011, AXA SA and its subsidiary notifying Group entities, acting independently from their parent and from each other, no longer have any reportable holdings in The Local Shopping REIT plc on a Group aggregated basis. However AXA Investment Managers SA has now crossed upwards the 5% threshold and has a holding of 9.51% and 7,850,000 shares on a Group disaggregated basis as an independent Group subsidiary."

Enquiries:

William Heaney

Company Secretary

The Local Shopping REIT

020 7292 0333