The Local Shopping REIT plc ("the Company")
Press comment on potential asset sale
The Directors of The Local Shopping REIT plc note references in the property trade press to a potential sale of a portfolio of the Company's property investments. The Directors confirm that property assets owned by the Company are being marketed for sale by way of the disposal of a number of the Company's property-owning subsidiaries. This may or may not lead to a transaction.
The disposal of the Company's assets, including by way of portfolio sales, is in accordance with the investment strategy approved by the Company's shareholders in July 2013. The current project follows the sale of the Company's NOS 2 Limited and NOS 3 Limited subsidiaries in August 2014. The Company's management will continue to execute the strategy decided by shareholders, including, but not limited to, portfolio sales, in a form which best contributes towards shareholder value.