Disposal of land interests at Ayr

LXB RETAIL PROPERTIES PLC

(the "Company" or the "Group")

Disposal of land interests at Ayr

LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, is pleased to announce that on 15 March 2017 it completed on the sale of substantially all of its remaining land interests at Corton, Ayr to Manse LLP, funded by Palmer Capital Development Fund IV.

Sale proceeds of £3.356m have been received by the Company which, after accounting for expenditure since the last balance sheet date and accruing for disposal fees and contracted costs, will have a minimal impact on NAV.

Tim Walton, CEO of LXB Adviser LLP said:-

"With the exception of a small piece of land, this concludes the Group's activities in Ayr and marks another step towards disposing of the Group's remaining assets in accordance with the shareholders' vote in February 2016."

For further information please contact:

LXB Adviser LLP Tel: 020 7432 7900

Tim Walton, CEOBrendan O'Grady, FD

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

Bronson Albery/Paul Hewlett

Buchanan Tel: 020 7466 5000

Charles Ryland/Victoria Hayns/Patrick Hanrahan