Correction : Treasury Shares Issued For S I P

CORRECTED VERSION OF THIS ANNOUNCEMENT RELEASED AT 15.13 YESTERDAY IS NOW
ATTACHED.
NUMBERS OF TREASURY SHARES AND ISSUED SHARE CAPITAL IN FINAL PARAGRAPH HAVE
BEEN AMENDED.



London & Associated Properties PLC ("the Company)

On 16 December 2010 the Company issued from Treasury 135,173 shares to cover
issues under the Company's HMRC approved Share Incentive Plan (SIP) to
directors and staff at 38.00 pence per share.

Directors and PDMR's receiving shares and directors' new beneficial holding
totals are as follows -

                   ADDITIONAL     NEW TOTAL      % OF ISSUED
                   SHARES         HOLDING        SHARES

Director -

R J Corry            11,841       962,527        1.15%

J A Heller           11,841     1,923,320        2.30%

M C Stevens          11,841       922,326        1.10%

PDMR's -

Members of staff     99,650

TOTAL               135,173 shares

The Company now holds 1,957,534 shares in Treasury. For reporting purposes
under section 792 of the Companies Act 2006 the market should exclude any
shares held in Treasury and use an issued share capital figure of 83,585,177
shares.

Date 17 December 2010

For further information, please contact:

Michael Stevens

Director/Secretary London & Associated Properties plc

Telephone number 020 7415 5000