Transaction in Own Shares

rRNS Number:7388C
Local Shopping REIT (The) PLC
23 August 2007

Local Shopping REIT PLC - Transactions in Own Shares

Local Shopping REIT PLC announces that on 23 August 2007 it purchased from
JPMorgan Cazenove Limited 63,750 ordinary shares at a price of 121.5686 pence
per share. The purchased shares will be held as treasury shares. Following the
above purchase, Local Shopping REIT PLC holds 63,750 ordinary shares in treasury
and has 96,531,794 ordinary shares in issue (excluding treasury shares).


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