Completion of Acquisition

LONDON & ASSOCIATED PROPERTIES PLC

25 September 2006

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, THE REPUBLIC OF
IRELAND, THE REPUBLIC OF SOUTH AFRICA, AUSTRALIA OR JAPAN

25 September 2006

                      London & Associated Properties PLC                       

                Completion of acquisition of APL Ocean Limited                 

Further to the announcement on 13 September 2006, the Board of London &
Associated Properties PLC (the "Company") announces that it has now completed
the acquisition of APL Ocean Limited.

Enquiries:

London & Associated Properties PLC     Tel: [phone]                    
                                                                             
John Heller, Chief Executive                                                 
                                                                             
Robert Corry, Finance Director                                               
                                                                             
Panmure Gordon & Co:                   Tel: [phone]                    
                                                                             
Andrew Godber                                                                
                                                                             
Andrew Potts                                                                 
                                                                             
Baron Phillips Associates              Tel: [phone]                    
                                                                             
Baron Phillips