Disposal

FOR IMMEDIATE RELEASE

7th August 2013

                      LONDON & ASSOCIATED PROPERTIES PLC:                      

            DISPOSAL OF TWO FULLY LET RETAIL PROPERTIES FOR £9.38M             

London & Associated Properties Plc ("LAP"), the focused retail investor, today
announces that it has completed the sale of two fully let freehold retail
properties for a total cash consideration of £9.48m.

The properties, a Primark unit in Chesterfield and the Superdry unit in Windsor,
generate net income of approximately £700,000 and were valued at £9.48m as at
31 December 2012.

Proceeds of the sale have been used to pay down two debentures totalling £6.7m:
a £5m debenture maturing 2013 at 11.3% and a £1.7m 2016 debenture at 8.67%.

                                     Ends.                                     

Contact:

LAP 020 7415 5000

John Heller, Chief Executive or Robert Corry, Finance Director

Baron Phillips Associates 020 7920 3161

Baron Phillips