NOTIFICATION OF MAJOR INTEREST IN SHARES

TR-1 NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

LXB Retail Properties Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

FIL Limited

4. Full name of shareholder(s)  (if different from 3.):iv

See number 9

5. Date of the transaction and date on which the threshold is crossed or reached: v

23 October 2009

6. Date on which issuer notified:

30 October 2009

7. Threshold(s) that is/are crossed or reached: vi, vii

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Indirect

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

0

0

10,032,600

10,032,600

9.12%

JE00B4MFKH73

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

N/A

N/A

N/A

N/A

Nominal

Delta

N/A

N/A

Total (A+B+C)

Number of voting rights

Percentage of voting rights

10,032,600

9.12%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

FIL Limited (FIL) is the parent holding company for various direct & indirect subsidiaries including FIL Fund Management Limited (FFML) FIL Investment Services Limited (FISL) FIL Gestion (FIGEST), FIL Asset Management (Korea) Limited (FIAKL), FIL Investments Management (Hong Kong) Limited (FIMHK), FIL Pension Management (FPM), Fidelity Investments Japan (FIJ) and FIL Investment International (FII), investment mangers for various non-US investment companies and institutional clients.

9,422,200 Brown Bros Harrimn Ltd Lux (Nominee)- FIL (Management Company)

354,100 Brown Bros Harriman and Co (Nominee)- FIJ (Management Company)

256,300 JP Morgan, Bournemouth (Nominee) - FIL (Management Company)

Proxy Voting:

10. Name of the proxy holder:

FIL Limited

11. Number of voting rights proxy holder will cease to hold:

10,032,600

12. Date on which proxy holder will cease to hold voting rights:

23 October 2009

13. Additional information:

14. Contact name:

1)Amanda Chana ( FIL Limited)

2)Hollie Falle (Ogier Fund Administration (Jersey) Limited as company secretary to LXB Retail Properties Plc)

15. Contact telephone number:

1) [email protected]

2) 01534 504000