The Local Shopping REIT plc
11 September 2008
Transfer of Treasury Shares to Employee Benefit Trust
In accordance with its obligations under rule 12.6.4 of the Disclosure and Transparency Rules The Local Shopping REIT plc ("the Company") announces that on 11 September 2008 the Company transferred 5,000 of the Company's ordinary shares of nominal value of 20 pence out of treasury to the trustee of the Company's employee benefit trust, LSR Trustee Limited ("the Trustee"). No consideration was paid for the shares transferred.
The shares were transferred to the Trustee for the purpose of satisfying awards made by the Trustee under the Company's Long Term Incentive Plan when such awards are exercised.
Following the transfer The Local Shopping REIT plc holds 9,234,017 ordinary shares in treasury and has 83,110,853 ordinary shares in issue (excluding treasury shares).
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