RNS Number : 4863B
Local Shopping REIT (The) PLC
18 February 2011

The Local Shopping REIT plc Long Term Incentive Plan (2007) ("the LTIP")

This announcement is made pursuant to Disclosure and Transparency Rule 3.1.4(1)(a).

The LTIP is a performance based share plan which provides participants with the right, subject to performance conditions being met, to receive Ordinary Shares of 10p each ("shares") in The Local Shopping REIT plc ("the Company").  Shares are supplied for the purposes of the LTIP by LSR Trustee Limited, which operates the Company's Employee Benefit Trust.

The Company announces that it has today received notification from LSR Trustee Limited and the persons named below that, in discharging its obligations in relation to the vesting of awards made under the LTIP on 11 January 2008, LSR Trustee Limited has transferred shares to persons discharging managerial responsibilities ("PDMR's"), as follows:

PMDR                                     No. of shares             No. lapsed                   No. vested

subject to award                                             & transferred



Christopher Moulden               15,000                         9,450                           5,550

William Heaney                       10,000                         6,300                           3,700


There was no consideration for the share transfers. 





Bill Heaney

Company Secretary

020 7292 0333


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