Director/PDMR Shareholding

This announcement replaces the 'Director/PDMR Shareholding' announcement released on 22 September 2015 at 9:30 under RNS No 7398Z in which Alastair Irvine, a Director of the Company, was said to have purchased 71,310 shares in the Company at a price of 85 pence per share. The identification of Alastair Irvine as the purchaser was incorrect. All other details remain unchanged and the amended announcement is shown in full below.

LXB Retail Properties Plc

(the "Company" or the "Group")

Director/PDMR Shareholding - Replacement

The Company was informed on 21 September 2015 that on that day The Trustees of the Ice Blue Directors Pension Scheme purchased 71,310 ordinary shares in the Company at a price of 85 pence per share.

John Alastair Irvine is a Director of the Company and is a trustee and beneficiary of the Ice Blue Directors Pension Scheme.

Following this transaction The Trustees of the Ice Blue Directors Pension Scheme hold 2,571,310 shares in the Company, which represent 1.40% 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