Treasury Stock and Share Investment Plan

London & Associated Properties PLC ("the Company)

On 17 December 2012 the Company issued from Treasury 24,782 shares at 21.75p
under the Company's HMRC approved Share Incentive Plan (SIP) to directors and
staff. With regard to these shares the Trustee of the SIP will pay cash of 
£5,390.09 to the Company for 24,782 shares at 21.75p (being last night's closing
mid-price) from cash accumulated from dividends which will be distributed to
members of the SIP as Dividend Shares.

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

                     ADDITIONAL       NEW TOTAL       % OF ISSUED
                     SHARES           HOLDING         SHARES
              

Director -

J A Heller           2,211           1,632,860         1.94%

R J Corry            2,462           1,000,817         1.19%

PDMR's -

Members of staff    20,109

TOTAL               24,782 shares

The Company now holds 1,513,616 shares in Treasury. For reporting purposes
under section 792 of the Companies Act 2006 the market should exclude any
shares held in Treasury and use an issued share capital figure of 84,029,095
shares.

Date 17 December 2012

For further information, please contact:

Heather Curtis

Secretary

London & Associated Properties plc

Telephone number 020 7415 5000