Transaction in Own Shares

23 December 2013

LXB RETAIL PROPERTIES PLC

(the "Company")

Transaction in Own Shares

On 20 December 2013 the Company purchased 24,279,947 of its own ordinary shares for cancellation at a price of 123p per share. 18,526,063 of those ordinary shares were purchased from Invesco Ltd ("Invesco").

This purchase of shares from Invesco constitutes a related party transaction for the purpose of the AIM Rules for Companies. The Directors of the Company, having consulted with the Company's nominated adviser, JP Morgan Cazenove, consider the terms of the purchase of ordinary shares from Invesco to be fair and reasonable insofar as the Company's shareholders are concerned.

Following this purchase and cancellation the Company's issued share capital will consist of 183,630,374 ordinary shares. The total number of shares with voting rights in the Company will therefore be 183,630,374. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

For further information please contact:

LXB Adviser LLP Tel: 020 7432 7900

Tim Walton, CEOBrendan O'Grady, FD

Buchanan Tel: 020 7466 5000

Charles Ryland/Sophie McNulty/Helen Greenwood