Treasury Stock

London & Associated Properties PLC ('the Company')

On 22 December 2005 the Company issued from Treasury 199,352 shares to cover the
payment of annual bonuses to directors and staff at 108.5 pence per share.

Directors and PDMR's receiving shares and directors' new beneficial holding
totals are as follows-
                           TREASURY                            PERCENTAGE OF
                            SHARES     NEW TOTAL HOLDING       ISSUED SHARES
                            ISSUED
Directors-

J A Heller                   116,369         1,126,369               1.48%

R J Corry                     33,769           218,769               0.29%

M C Stevens                   27,869           419,013               0.55%

PDMRs-

M J Dignan                     7,219

David E Brown                  4,269

James T Charlton               4,269

T Brian Porter                 4,269

Martin Miranda                 1,319

TOTAL TREASURY SHARES ISSUED 199,352 

The Company now holds 6,188,121 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 76,128,851
shares.

Date 28 December 2005

For further information, please contact:

Michael Stevens

Director/Secretary

London & Associated Properties PLC

Tel: [phone]