Portfolio Update

Local Shopping REIT (The) PLC
01 October 2007


The Local Shopping REIT plc


Re: Listing Rule 15.4.11 - Top Ten Holdings

In accordance with paragraph 15.4.11(2) of the Listing Rules The Local Shopping
REIT plc ('the Company') announces its top ten property investments, as at 30
September 2007, at which time the Company had no properties with a value greater
than 5% of its gross assets.

Property

Market Street, New Street & Great Square, Braintree CM7
Borehamgate Shopping Centre, King Street, Sudbury CO10 2EG
Four Acre Shopping Centre, Four Acre Lane, St Helens, Merseyside, WA9 4BZ
21/31 and 35/47 High Street, Uckfield
Cheveley Park Shopping Centre, Belmont, Durham
Clive Parade, Cricklade Road. Swindon SN2 1AJ
17-45 Market Street, 2a Lord Street & 5 Bradshawgate, Leigh WN7
Units 1/5 The Concourse & Units 1/7 & 7/39 (odd) Brislington Hill, Bristol BS4 5BQ
17/23 Bank Street & 1-3 Anderson Street, Airdrie
12/23 Stanhope House, Market Street, Shipley BD18 3QD


Enquiries:
Bill Heaney, Company Secretary 020 7187 4444


END




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