Transaction in Own Shares

London & Associated Properties PLC ("the Company")

On 9 February 2009 the Company issued 1,214,400 shares from Treasury to cover
bonuses to directors at 31.25 pence per share.

Directors receiving shares and directors' new beneficial holding totals are as
follows-

                      ADDITIONAL        NEW TOTAL     % OF ISSUED . 
                          SHARES          HOLDING          SHARES

Directors-

R J Corry                270,720          629,830           0.81%

J A Heller               283,200        1,437,171           1.85%

M A Heller               480,000        5,351,757           6.89%

M C Stevens              180,480          672,747           0.87%

TOTAL                  1,214,400 shares

Following this issue of Treasury shares M A Heller and his family had an
interest in 43,856,358 shares in the company representing 56.47% of the issued
share capital net of Treasury shares.

The Company now holds 4,659,465 shares in Treasury. For reporting purposes
under section 198 of the Companies Act 1985 the market should exclude any
shares held in Treasury and use an issued share capital figure of 77,657,507
shares.

Date 9 February 2009

For further information, please contact:

Michael Stevens

Director/Secretary

London & Associated Properties PLC

Tel: [phone]