Transaction in Own Shares

RNS Number:7391L
Local Shopping REIT (The) PLC
14 January 2008

The announcement released at 17.21 on 11 January 2008 under reference 6527L
incorrectly showed the number of shares in issue (excluding treasury shares) as
93,539,040. The correct number of shares should have read 92,939,040. The full
corrected announcement is reproduced below.

Local Shopping REIT PLC - Transactions in Own Shares

Local Shopping REIT PLC announces that on 11 January 2008 it purchased from
JPMorgan Cazenove Limited 600,000 ordinary shares at a price of 101 pence per
share. The purchased shares will be held as treasury shares. Following the above
purchase, Local Shopping REIT PLC holds 7,553,750 ordinary shares in treasury
and has 92,939,040 ordinary shares in issue (excluding treasury shares).


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