Sale of Property

FOR IMMEDIATE RELEASE

6 October 2009

              LAP COMPLETES SALE OF SOLIHULL PROPERTY FOR £11.45m              

London & Associated Properties PLC announces the sale of its investment
property at 119/121 High Street and 2/8 Mill Lane Solihull, West Midlands for 
£11.45 million cash against a book value as at December 2008 of £12.75m at a
yield of 6.4%. £9.6 million of the proceeds will be used to pay down a
revolving credit facility and the balance will be added to cash reserves.

The purchaser was Universities Superannuation Scheme Limited

 

Contact:

John Heller, Chief Executive, LAP. Tel: [phone]