The Local Shopping REIT plc (the "Company")

Director Declaration

This announcement is made pursuant to paragraph 9.6.14 of the Listing Rules.

John Grahame Whateley, the Chairman and a non-executive director of the Company, has informed the Company that Blantyre Macclesfield Limited, a company of which he is a director, was placed into administration on 6 December 2010

Enquiries:

Bill Heaney

Company Secretary

020 7292 0333