Treasury shares issued for Share Incentive Plan

London & Associated Properties PLC ("the Company")

On 22 December 2009 the Company issued from Treasury 198,373 shares to cover
issues under the Company's HMRC approved Share Inventive Plan (SIP) to
directors and staff at 43.00 pence per share.

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

                   ADDITIONAL NEW TOTAL  ISSUED SHARES
                   SHARES     HOLDING
Directors-

J A Heller         17,442     1,310,652          1.65%

R J Corry          17,442       661,879          0.83%

M C Stevens        17,442       756,747          0.95%

PDMRs-

Members of staff  146,047

TOTAL             198,373 shares

The Company now holds 4,293,051 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 79,628,978
shares.

Date 22 December 2009

For further information, please contact:

Michael Stevens

Director/Secretary

London & Associated Properties PLC

Tel: [phone]