Directors' Shareholdings

London & Associated Properties plc (the 'Company')

Directors' Shareholdings

The Company has today been informed that John Heller and Robert Corry,
Directors of the Company, have today sold London & Associated Properties plc
Ordinary 10p shares ('Shares') following the exercise of options as follows:

Name          No. Options      No. Shares sold and sale  Resultant beneficial  
              exercised        price                     holding               
                                                                               
John Heller   100,000          100,000 @ 61p             1,010,000 (1.25%)     
                                                                               
Robert Corry  190,000          133,044 @ 61p             91,494 (0.11%)        

14 April 2004

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