Delay in Publishing Accounts

EMBARGOED UNTIL 07:31AM THURSDAY 16 APRIL 2015

          LONDON & ASSOCIATED PROPERTIES PLC (`LAP' or the `Company')          

         Delay in publishing accounts leading to suspension of shares          

The Board of LAP announces that the publication of the Company's accounts for
the year ended 31 December 2014 will now be delayed beyond 30 April 2015. This
is due to the introduction of IFRS 10, which applies to LAP from this year, and
requires the board to prepare financial statements which consolidate LAP
together with its associated company Bisichi Mining Plc (LAS: BISI)
("Bisichi").

Bisichi, which is owned as to 41.52% by LAP, continues to operate and is
managed as an independent company but, taking into account the strict
terminology used in IFRS 10, it is apparent that LAP, for accounting purposes,
is deemed to control Bisichi and, as a result, consolidation is now required.

The extra work required to carry out this exercise for the first time is
significant and covers the accounts for the last three financial years. While
all reasonable efforts are being made to progress this task, publication of the
audited financial statements for 2014 will not be achieved before 30th April
2015. At present the board expects that LAP's audited financial statements will
be available no later than the end of May 2015.

The Directors emphasise that this delay relates purely to the new accounting
requirements and does not reflect any issues concerning the underlying trading
of LAP, which has continued in line with their previous expectations following
the announcement of LAP's interim results on 28 August 2014.

The Disclosure and Transparency Rules of the UK Listing Authority which apply
to LAP as a listed entity require publication of annual financial reports
within four months following the end of the financial period to which they
relate. As a consequence of the expected delay to the publication of the annual
accounts beyond April, the board has requested that trading in LAP shares is
suspended from today's date until the publication of the annual financial
report.

                                     ENDS.                                     

For further information, please contact:

John Heller, Chief Executive Officer, LAP         020 7415 5000                
                                                                               
Baron Phillips, Baron Phillips Associates         07767 444 193                
                                                                               
Robert Finlay, Westhouse Securities               020 7601 6100