Investment Manager Name Change

For immediate release 28 March 2013

LXB RETAIL PROPERTIES PLC

(the "Company")

Investment Manager Name Change

LXB Retail Properties plc (the "Company") would like to notify the market of the following:

The Investment Manager to the LXB Retail Properties Plc Group will change its name from LXB Manager LLP to LXB Adviser LLP on 1st April 2013.

For further information please contact:

LXB Manager LLP Tel: 020 7432 7900

Tim Walton, CEOBrendan O'Grady, FD

Buchanan Tel: 020 7466 5000

Charles Ryland/ Sophie McNulty/Helen Greenwood