Result of EGM for Share Buyback Authority

For Immediate Release 15 October 2013

LXB RETAIL PROPERTIES PLC

(the "Company")

Result of EGM for Share Buyback Authority

The Company announces that at an Extraordinary General Meeting of Shareholders held in Jersey on 15 October 2013, a special resolution to grant the Board of Directors a further general authority to buy back up to 14.99% of its issued share capital was presented to the shareholders and duly passed.

The results of the vote were as follows:

The share buyback authority will maximise the Board's flexibility in considering the most cost efficient and appropriate way to return excess cash to shareholders.

For further information please contact:

LXB Adviser LLP Tel: 020 7432 7900

Tim Walton, CEO

Brendan O'Grady, FD

Buchanan Tel: 020 7466 5000

Charles Ryland/Sophie McNulty/Helen Greenwood

www.buchanan.uk.com