Appointment of Panmure Gordon

FOR IMMEDIATE RELEASE

14th June 04

                      LONDON & ASSOCIATED PROPERTIES PLC:                      

                        APPOINTMENT OF NEW STOCKBROKER                         

London & Associated Properties PLC ('LAP'), the specialist retail property
investor, today announces the appointment of Panmure Gordon, a division of
Lazard & Co., Limited., as the Company's stockbroker with immediate effect.

                                     ENDS.