Transaction in Own Shares

18 December 2013

LXB RETAIL PROPERTIES PLC

(the "Company")

Transaction in Own Shares

On18 December 2013 the Company purchased 8,100,000 of its own ordinary shares for cancellation at a price of 123p per share.

Following this purchase and cancellation the Company's issued share capital will consist of 207,910,321 ordinary shares. The total number of shares with voting rights in the Company will therefore be 207,910,321. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

For further information please contact:

LXB Adviser LLP Tel: 020 7432 7900

Tim Walton, CEOBrendan O'Grady, FD

Buchanan Tel: 020 7466 5000

Charles Ryland/Sophie McNulty/Helen Greenwood