CEO Acquires Shares

7 December 2010

NewRiver Retail Limited ("NewRiver" or the "Company")

Director/PDMR Shareholding

NewRiver Retail Limited (AIM: NRR), the UK REIT specialising in value-creating retail property investment and asset management, was informed on 7 December 2010 that on the same day David Lockhart, a director of the Company, acquired an additional 20,000 ordinary shares of no par value ("Ordinary Shares") at 248.5 pence each via his SIPP. As a result of this transaction David Lockhart is now interested in 1,600,000 Ordinary Shares representing approximately 10.8% of the Company's current issued share capital.

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For further information:

NewRiver Retail Limited

David Lockhart Tel: 0203 328 5808

Pelham Bell Pottinger

David Rydell

Rosanne Perry Tel: 0207 861 3232

Cenkos Securities

Ian Soanes

Max Hartley Tel: 0207 397 8900

www.newriverretail.com