Director/PDMR Shareholding

LXB Retail Properties Plc

(the "Company" or the "Group")

Director/PDMR Shareholding

The Company was informed on 2 June 2016 that on that day Jo Duffield of LXB3 Partners LLP, purchased 313,440 shares in the Company at an average price of 63.64 pence per share.

Following this transaction Jo Duffield holds 1,120,433 shares in the Company which represents 0.67% of the Company's issued share capital.

The group headed by LXB3 Partners LLP includes LXB Adviser LLP which is the Investment Adviser to the LXB Retail Properties Plc Group. Following the above transactions, the individual members of LXB3 Partners LLP (and their spouses) hold an aggregate total of 13,654,880 ordinary shares in the Company, which represents 8.11% of the Company's issued share capital.

For further information please contact:

LXB Adviser LLP Tel: 020 7432 7900

Tim Walton, CEO

Brendan O'Grady, FD

J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000

Bronson Albery / Paul Hewlett

Buchanan Tel: 020 7466 5000

Charles Ryland/Vicky Watkins/Patrick Hanrahan