Director/PDMR Shareholding - Correction

LXB Retail Properties Plc

(the "Company" or the "Group")

Director/PDMR Shareholding - Correction

The Company was informed on 23 September 2015 that on that day The Trustees of the Ice Blue Directors Pension Scheme (the "Pension Scheme") purchased 31,492 ordinary shares in the Company at a price of 85 pence per share. An announcement was made on 24 September 2015 since John Alastair Irvine is a Director of the Company and is a trustee and beneficiary of the Pension Scheme.

On 29 September 2015, John Alastair Irvine was informed by the broker for the Trustees of the Pension Scheme that the information provided previously was incorrect and that it had purchased 31,657 ordinary shares in the Company on 23 September 2015, 165 more than was previously announced. As a consequence the announcements made on 25 and 28 September 2015 were also incorrect because they both understated the Pension Scheme's holding by 165 shares.

Following the most recent transaction on 25 September 2015, the Pension Scheme therefore holds 2,755,039 ordinary shares in the Company, which represent 1.50% of the ordinary shares in the Company.

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