Director/PDMR Shareholding & Treasury Share...

London & Associated Properties plc ("the Company")

Notification of Transactions of Directors, Persons Discharging Managerial
Responsibility or Connected Persons

On 26 July 2006 the Company issued free shares out of Treasury to all eligible
employees under the terms of the London & Associated Properties plc share
incentive plan (SIP).

The table below sets out the details of the shares granted to the Directors
and Persons Discharging Managerial Responsibility and the details of their
resultant Holdings in the Company:

Director / PDMR                  Shares Granted     Beneficial Holding         
                                                    following Grant            
                                                                               
J A Heller - director            2,765              1,129,134 1.48%            
                                                                               
R J Corry - director             2,765              221,534   0.29%              
                                                                               
M C Stevens - director           2,765              421,778   0.55%              

In total 37,120 shares were issued from Treasury leaving a balance of
6,151,001.

The current issued share capital now stands at 76,165,971 ordinary 10p Shares
excluding Treasury shares.

27 July 2006

Enquiries:

Michael Stevens

Company Secretary

020 7415 5000