Additional Listing

London & Associated Properties PLC (the 'Company')

Application has been made to the UK Listing Authority and to the London Stock
Exchange for admission to the Official List of 610,236 Ordinary Shares of 10p
each.

The shares ranking parri passu in all respects with the existing Ordinary
Shares in issue have been allotted following receipt of valid elections under
the Companys Scrip Dividend Alternative.

It is expected that admission and dealings will become effective in the
Ordinary Shares on 9 July 2004.

1 July 2004.