Holding(s) in Company

RNS Number : 1850B
Local Shopping REIT (The) PLC
12 August 2008

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

The Local Shopping REIT plc

2. Reason for the notification (place an X inside the appropriate bracket/s)
An acquisition or disposal of voting rights: ( )

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights
are attached: ( )

An event changing the breakdown of voting rights: ( X )

Other (please specify) : ( )
*****..

3. Full name of person(s) subject to the notification obligation:

Schroders plc

4. Full name of shareholder(s) (if different from 3.) :
*****..

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

8 August 2008

6. Date on which issuer notified:

11 August 2008

7. Threshold(s) that is/are crossed or reached:

10% - 11%

8. Notified details:
*****..

A: Voting rights attached to shares

Class/type of shares if Situation previous to the Triggering transaction
possible using the ISIN CODE
Number of shares Number of voting Rights
Ord GBP 0.20

GB00B1VS7G47 9,152,620 9,152,620

Resulting situation after the triggering transaction

Class/type of shares if Number of shares Number of voting rights % of voting rights
possible using the ISIN CODE

Direct Direct Indirect Direct Indirect
GB00B1VS7G47
9,152,620 n/a 9,152,620 n/a 11.01%

B: Financial Instruments
Resulting situation after the triggering transaction

Type of financial instrument Expiration Date Exercise/Conversion Number of voting % of voting rights
Period/ Date rights that may be
n/a acquired if the
instrument is
exercised/ converted.

Total (A+B)
Number of voting rights % of voting rights

9,152,620 11.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if
applicable:

Schroder Investment Management Limited 9,152,620 11.01%

Proxy Voting:

10. Name of the proxy holder:

n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder will cease to hold voting rights:

n/a

13. Additional information:

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:

Bill Heaney

15. Contact telephone number:

020 7292 0333

This information is provided by RNS
The company news service from the London Stock Exchange

END

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