Transaction in Own Shares

15 January 2016

LXB RETAIL PROPERTIES PLC

(the "Company")

Transaction in Own Shares

On 15 January 2016 the Company purchased 1,500,000 of its own ordinary shares for cancellation at a price of 97.0p per share.

Following this purchase and cancellation the Company's issued share capital will consist of 172,350,374 ordinary shares. The total number of shares with voting rights in the Company will therefore be 172,350,374. 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

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

Bronson Albery/Paul Hewlett

Stifel Tel: 0207 710 7600

Mark Young/Tunga Chigovanyika

Buchanan Tel: 020 7466 5000

Charles Ryland/Vicky Watkins