Holding(s) in Company

Local Shopping REIT (The) PLC
06 May 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:

Thames River Capital LLP



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

TR Property Investment Trust plc - Sigma Shares
TR Property Investment Trust plc - Ordinary shares
Thames River Property Growth & Income Fund Limited



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

2 May 2008



6. Date on which issuer notified:

6 May 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                                 4,640,781      4,640,781






Resulting situation after the triggering transaction

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

Ord GBP 0.20                Direct       Direct      Indirect  Direct   Indirect

GB00B1VS7G47                4,905,067    4,905,067             5.276%







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 rights

4,905,067                               5.276%


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

Thames River Capital LLP is Investment Manager of:

1.      TR Property Investment Trust plc - Sigma Shares
2.      TR Property Investment Trust plc - Ordinary shares
3.      Thames River Property Growth & Income Fund Limited




Proxy Voting:

10. Name of the proxy holder:

N/A


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:

N/A


14. Contact name:

Bill Heaney, Company Secretary


15. Contact telephone number:

020 7292 0333




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