Holding(s) in Company

RNS Number:7494S
Local Shopping REIT (The) PLC
21 April 2008


TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

The Local Shopping REIT plc


2. Reason for the notification (place an X inside the appropriate bracket/s)

An acquisition or disposal of voting rights: (X)

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )

An event changing the breakdown of voting rights: ( )

Other (please specify) : ( )

.................


3. Full name of person(s) subject to the notification obligation:

European Investors, Inc,


4. Full name of shareholder(s) (if different from 3.) :


5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

4 October 2007


6. Date on which issuer notified:

10 April 2008



7. Threshold(s) that is/are crossed or reached:

5%



8. Notified details:

A: Voting rights attached to shares

Situation previous to the Triggering transaction

Class/type of shares if possible using the
ISIN CODE
Ord GBP 0.20                                 Number of      Number of voting
                                             shares         Rights

GB00B1VS7G47                                 4,807,100      4,807,100



Resulting situation after the triggering transaction

Class/type of shares if         Number of    Number of voting    % of voting
possible using the ISIN CODE    shares       rights              rights

Ord GBP 0.20                                 Direct Indirect     Direct Indirect

GB00B1VS7G47                     4,952,000           4,952,000          5.08


B: Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Exercise/     Number of voting rights that may   % of
financial   Date       Conversion    be acquired if the instrument is   voting
instrument             Period/ Date  exercised/ converted.              rights

n/a


Total (A+B)


Number of voting rights                      % of voting right

4,952,000                                    5.08



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

n/a



Proxy Voting:

10. Name of the proxy holder:

European Investors, Inc.


11. Number of voting rights proxy holder will cease to hold:

N/A


12. Date on which proxy holder will cease to hold voting rights:

N/A


13. Additional information:

The transaction referred to in this Form TR-1 was not notified earlier to the
Issuer owing to the inadvertent error of the Holder.


14. Contact name:

Bill Heaney, Company Secretary


15. Contact telephone number:

020 7292 0333


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            The company news service from the London Stock Exchange

END