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RNS Number : 2257L

Local Shopping REIT (The) PLC

06 January 2009

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: ( X )

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: ( )

Other (please specify) : ( )

……………..

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

Legal & General Group Plc (L&G)

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

n/a

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

5 January 2009

6. Date on which issuer notified:

6 January 2009

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

Below 3% (L&G)

8. Notified details:

……………..

A: Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE

Situation previous to the Triggering transaction

Ord GBP 0.20

GB00B1VS7G47

Number of shares

2,870,684

Number of voting Rights

2,870,684

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE	Number of shares	Number of voting rights		% of voting rights
GB00B1VS7G47	Direct Below 3%	Direct Below 3%	Indirect Below 3%	Direct Below 3%	Indirect Below 3%

B: Financial Instruments

Resulting situation after the triggering transaction

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

Total (A+B)

Number of voting rights Below 3%	% of voting rights Below 3%

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

Legal & General Group Plc (Direct and Indirect) (Group)
Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)
Legal & General Investment Management Limited (Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) (Below 3% = LGAS, LGPL & PMC)
Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD)	Legal & General Insurance Holdings Limited (Direct) (LGIH)
Legal & General Assurance (Pensions Management) Limited (PMC)	Legal & General Assurance Society Limited (LGAS & LGPL)
	Legal & General Pensions Limited (Direct) (LGPL)

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:

Notification using the total voting rights figure of 83,110,853

14. Contact name:

William A 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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