Transaction in Own Shares

RNS Number:2832F
Local Shopping REIT (The) PLC
05 October 2007

                             
The Local Shopping REIT PLC
05 October 2007


The Local Shopping REIT PLC ("LSR")
LSR - Transactions in Own Shares


LSR (the "Company") announces that it has commenced a non-discretionary
programme to purchase up to ?5m of ordinary shares during its close period which
commences on 05 October 2007 and is scheduled to end on the date of the
announcement of the Company's preliminary results in early December 2007.  The
purchased shares will be held as treasury shares.

The buy back programme will be managed by an independent third party, which
makes its trading decisions independently of, and uninfluenced by, the Company.

Any acquisitions will be effected within certain pre-set parameters, and in
accordance with both the Company's general authority to repurchase shares and
Chapter 12 of the Listing Rules which requires that the maximum price paid be
limited to no more than 5 per cent above the average market value for the shares
as derived from the London Stock Exchange Daily Official List for the five
business days immediately prior to such purchase.

The Company confirms that it currently has no unpublished price sensitive
information.


Contacts

Mike Riley        020 7187 4444


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