Annual Report and Accounts

London & Associated Properties plc (the 'Company')

Annual Report & Accounts, Notice of Annual General Meeting &

Circular to Shareholders re Scrip Dividend

London & Associated Properties plc has published its Annual Report and Accounts
for the year ended 31 December 2003, Notice of Annual General Meeting and
Circular to Shareholders regarding the Company's Scrip Dividend scheme.

Copies of these documents may be obtained from the Company's Registered Office
at 8-10 New Fetter Lane, London EC4A 1AF or may be downloaded from
www.laprops.co.uk.

Copies of the above documents have also been submitted to the UKLA, and will
shortly be available for inspection at the UKLA's Document Viewing Facility,
which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel. [phone]

20 May 2004

END