Transaction in Own Shares

RNS Number:2476H
Local Shopping REIT (The) PLC
07 November 2007

Local Shopping REIT PLC - Transactions in Own Shares

Local Shopping REIT PLC announces that on 7 November 2007 it purchased from
JPMorgan Cazenove Limited 400,000 ordinary shares at a price of 123 pence per
share. The purchased shares will be held as treasury shares. Following the above
purchase, Local Shopping REIT PLC holds 6,653,750 ordinary shares in treasury
and has 93,839,040 ordinary shares in issue (excluding treasury shares).


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